BankThai (BT) is asking the Stock Exchange of Thailand on Thursday to suspend transactions of its shares while it waits for a result of talks on sale of a 42 per cent stake by an arm of the central bank Financial Institutions Development Fund (FIDF).

BankThai said it had been informed by FIDF that there had been some progress in the talks. Although it did not disclose details, the sale is expected to be finalized on Friday.