	krung thai bank to take over sayam bank the state owned krung thai bank ltd will start taking over state owned sayam bank ltd and complete the process in a year finance minister suthee singhasaneh told a press conference he said the takeover decision was made this week to stem the current heavy losses of sayam and to avoid competition between the two state owned institutions the minister said some of the existing sayam bank branches will be merged with their krung thai counterparts while others will continue operating but under krung thai s name sayam bank has existed since august when the finance ministry took over and re named the asia trust bank ltd sayam president waree havanonda told reporters last month her bank posted a loss of more than mln baht in at the end of the bank with billion baht of assets was ranked th among thailand s local commercial banks waree said sayam bank was trying to recall about six to seven billion baht of loans extended by its previous private management and was taking legal action to collect another four to five billion baht of doubtful debts krung thai is thailand s third largest bank reuter 
