Showing 1 - 10 of 159
Srettha nudges big banks to cut loan rates
Published on 23/04/2024
» Prime Minister Srettha Thavisin has urged the country’s four biggest commercial banks to reduce loan interest rates for vulnerable groups and small businesses after the Bank of Thailand repeatedly ignored his calls to lower borrowing cost from a decade-high.
SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
SCBX and WeBank collaborate on innovative technology
Published on 22/03/2024
» SCBX and WeBank have agreed to collaborate on exploring deployment of innovative technology in Thailand, supporting the Consortium's pursuit of the virtual bank licence. Fostering synergies through innovation technology, the Consortium hopes to tackle the problem of financial inclusion in Thailand by making financial services more transparent, accessible, and affordable.
Business leaders push sustainable intelligence
Business, Published on 21/03/2024
» Corporations are urged to embrace a sustainable intelligence paradigm empowered by artificial intelligence (AI) to deal with the changing industry landscape.
Trio vie for virtual bank licences
Business, Published on 21/03/2024
» Three consortiums are expected to apply for virtual bank licences, as the application period for submissions to the Bank of Thailand (BoT) started on Wednesday, running to Sept 19.
SCB acquires 100% of Vietnamese lender
Published on 28/02/2024
» Siam Commercial Bank confirmed on Wednesday that it has reached an agreement to acquire 100% of the shares in the consumer finance lender Home Credit Vietnam in a deal worth 31 billion baht.
What's in store for 2024
Business, Published on 30/12/2023
» From the planned licensing of virtual banks to the continued rise of lifestyle-related businesses, this is what consumers can expect in 2024.
SCB X turns to digital in effort to fend off loan sharks
Business, Somruedi Banchongduang, Published on 06/10/2023
» SCB X believes its digital loan services can provide underserved customers with greater access to financial sources at fair prices, easing the country's loan shark problem.
Mall operator sinks B3bn into collaborative tech ecosystem
Business, Pitsinee Jitpleecheep, Published on 05/10/2023
» Despite the recent deadly shooting at its mall, Siam Paragon Development Co remains committed to investing 3 billion baht from this year through the first half of 2024 to transform Siam Paragon into a new world of lifestyle shopping.
SCB chief spurns ministerial post
Business, Somruedi Banchongduang, Published on 25/07/2023
» Arthid Nanthawithaya, chief executive of SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), said he would reject the post of finance minister in the incoming government if he were to be offered it.