Showing 1,091 - 1,100 of 2,619
BoT reduces local owner requirement for transfers
Business, Somruedi Banchongduang, Published on 01/02/2019
» The Bank of Thailand has eased qualifications for international money transfer operators to attract new players and increase competition, which in turn should lead to lower fees.
BAY sets low bar for non-interest income
Business, Somruedi Banchongduang, Published on 06/02/2019
» Bank of Ayudhya (BAY) set a slower non-interest income growth target, in a range of 3-5% this year from 7.2% last year, based on the lingering impacts of the digital transaction fee waiver and regulations on market conduct and debt collection.
SCB installs co-presidents in overhaul
Business, Somruedi Banchongduang, Published on 06/02/2019
» Siam Commercial Bank (SCB), the country's largest bank by assets, has named four new co-presidents to reshape its management structure as part of the bank's "Going Upside Down" transformation.
BoT holds off on second rate hike
Business, Somruedi Banchongduang, Published on 07/02/2019
» Rising anxiety over swelling household debt has prompted the Bank of Thailand's rate-setting committee to pause hikes Wednesday after December's tightening, which was meant to ward off potential financial stability risks.
BAY forecasts 10% decline in new mortgages in 2019
Business, Somruedi Banchongduang, Published on 04/02/2019
» New housing loans are expected to shrink by 10% this year, dragged by the central bank's stringent mortgage lending rules and weaker condominium demand from Chinese buyers, says a senior executive at Bank of Ayudhya (BAY).
Thailand Post beats outlook
Business, Somruedi Banchongduang, Published on 05/02/2019
» The two largest commercial banks recorded higher than expected transactions from appointing Thailand Post as a banking agent.
BoT signs QR pact with Cambodia
Business, Somruedi Banchongduang, Published on 05/02/2019
» The Bank of Thailand has signed a memorandum of understanding (MoU) for cooperation on a pilot project to develop interoperability of standard QR payment with the National Bank of Cambodia.
SCB aims for 45% cost-to-income ratio
Business, Somruedi Banchongduang, Published on 08/02/2019
» Siam Commercial Bank (SCB) expects digitisation will help the bank reduce its cost-to-income ratio from the second quarter, putting the full-year figure at 45%.
KBank sees BoT pausing rate hikes throughout year
Business, Somruedi Banchongduang, Published on 09/02/2019
» Business operators' financial costs are expected to remain constant based on anticipation that the Bank of Thailand will pause rate hikes throughout the year after December's 25-basis-point increase, says a Kasikornbank (KBank) executive.
KBank, BAY post 2018 net profit growth
Business, Somruedi Banchongduang, Published on 19/01/2019
» Kasikornbank (KBank) delivered a 12% surge in unaudited consolidated net profit in 2018, due to lower impairment charges, while Bank of Ayudhya (BAY) posted a 6.9% rise on increases in net interest and net fee and service income.