Showing 1 - 10 of 15
UOB responds to central bank directive
Business, Somruedi Banchongduang, Published on 14/06/2024
» UOB Thailand plans to cancel its payment apportionment system for credit cards by the end of this month to comply with the Bank of Thailand's directive.
Banks projected to beat sustainable loan growth targets
Business, Somruedi Banchongduang, Published on 04/06/2024
» Large banks anticipate achieving sustainable loan growth targets ahead of their timelines over the next few years, aligning with Thailand's net-zero transition goals.
Large banks pushed on transition loans
Business, Somruedi Banchongduang, Published on 29/05/2024
» The Bank of Thailand has encouraged large commercial banks to offer transition finance to assist local businesses in moving from carbon-intensive industries to more sustainable practices.
KKP transitions to sustainable finance
Business, Somruedi Banchongduang, Published on 25/05/2024
» Kiatnakin Phatra Financial Group (KKP), the holding company of Kiatnakin Bank, is offering sustainable financial services with a focus on the real estate sector, providing green loans to both commercial and individual customers.
Thai banks record 1.2% loan growth
Business, Somruedi Banchongduang, Published on 24/05/2024
» The Thai banking industry reported marginal loan growth for the first four months of this year, thanks to tighter loan criteria amid a sluggish economy.
Asset managers post mixed results
Business, Somruedi Banchongduang, Published on 23/05/2024
» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.
BAM eager to keep lead in distressed assets sector
Business, Somruedi Banchongduang, Published on 18/05/2024
» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.
Krungsri upbeat on outlook for Japanese, multinational loans
Business, Somruedi Banchongduang, Published on 30/04/2024
» Bank of Ayudhya (Krungsri) has set an ambitious loan growth target for its Japanese and multinational corporation (JPC/MNC) banking business this year, despite experiencing a loan contraction in this segment last year.
Cross-border QR payments with India set to begin in Q3
Business, Somruedi Banchongduang, Published on 29/04/2024
» The Bank of Thailand is gearing up to launch QR code cross-border payments between Thailand and India by the third quarter of this year, with plans to extend the system to become a multinational payment network spanning Asia.
Banks agree to reduce loan rates
Business, Somruedi Banchongduang, Published on 26/04/2024
» Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.