Thailand's Government Housing Bank is looking to raise 3.9 billion baht from the sale of bad loans in 2018, the Bangkok Post reported.

Chairman Surachai Danaitangtrakul said the state-run bank wants to sell 4,000 nonperforming assets in 2018, up from 3,500 bad loans sold in 2017. The bank currently has 10,000 nonperforming loans worth 8 billion baht, the report noted.

The bank is looking to attract buyers by offering no interest for the first two years on mortgages to those who pay a 20% down payment, among other things.

As of July 5, US$1 was equivalent to 33.20 Thai baht.