Showing 1 - 10 of 12
CIMBT, Sabuy tie up to offer cross-border transfers
Business, Somruedi Banchongduang, Published on 18/02/2021
» CIMB Thai Bank (CIMBT) has joined forces with MAI-listed Sabuy Technology Co to jointly develop an ecosystem platform for cash management and money transfers domestically and regionally.
Debt aid scheme directed at credit cards, personal loans
Business, Somruedi Banchongduang, Published on 11/02/2021
» The Bank of Thailand (BoT) has added consumer loan solutions to cover debtors involved with the legal system through an online debt mediation scheme.
SCB touts resilience against higher NPLs
Business, Somruedi Banchongduang, Published on 17/06/2020
» Siam Commercial Bank (SCB) has given assurances that its strong capital buffer with a capital adequacy ratio (CAR) of 17.8% is sufficient to handle rising bad loans.
Corporate bond issuance plunges
Business, Somruedi Banchongduang, Published on 19/05/2020
» New corporate bond issuance has plummeted 41.9% from a year earlier for the four months through April as the coronavirus outbreak dents demand, according to an executive at Kasikornbank (KBank).
BoT's Debt Clinic expands criteria
Business, Somruedi Banchongduang, Published on 04/02/2020
» The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep a lid on bad loans.
SCB unscathed by Mae Manee scam
Business, Somruedi Banchongduang, Published on 31/10/2019
» Even though the multi-billion-baht Mae Manee Ponzi scheme used the same name as a character Siam Commercial Bank (SCB) uses to build customer awareness, the bank insists its reputation has not been affected as victims recognise the difference between the investment fraud scheme and the bank.
KTB clears the air on accusations against exec
Business, Somruedi Banchongduang, Published on 27/02/2019
» Krungthai Bank (KTB) president Payong Srivanich has clarified that the allegations against a former executive linked to loans extended to Energy Earth were made to protect the bank's interests.
Energy Earth may get new rehab planner
Business, Somruedi Banchongduang, Published on 09/01/2019
» SET-listed Energy Earth Plc's business rehabilitation planner, EY Corporate Advisory Services Ltd, could be replaced after the plan was rejected by the Central Bankruptcy Court.
Beating back debt beasties
Business, Somruedi Banchongduang, Published on 12/11/2018
» A recent news item captured public attention about a female school director in Kamphaeng Phet province who guaranteed student loan fund (SLF) debt for her 60 students, 21 of whom defaulted. After her finances ran dry, the court ordered seizure of her assets, a stark reminder that debt can ruin even a guarantor's life.
Energy Earth rehab plan voted forward
Business, Somruedi Banchongduang, Published on 04/08/2018
» Two-thirds of the creditors for SET-listed Energy Earth Plc have voted in favour of approving the company's business rehabilitation plan, says Krungthai Bank (KTB) President Payong Srivanich.