Showing 1 - 10 of 10
Loan growth slows amid credit crunch
Business, Somruedi Banchongduang, Published on 14/08/2024
» Kasikorn Research Center (K-Research) has slashed its total loan growth projection for the banking industry in 2024 to 1.5% from an earlier forecast of 2.5-3.5%.
Central bank predicts growth will ease in final two quarters
Business, Somruedi Banchongduang, Published on 27/06/2024
» The Bank of Thailand (BoT) expects slower economic growth in the third and fourth quarters this year on a quarterly basis, citing a high base effect.
Second mortgages fall hard after LTV curbs tame market
Business, Somruedi Banchongduang, Published on 11/10/2019
» Second and subsequent new mortgages, particularly for condo purchases, plunged 39% year-on-year in the three months to June after the central bank's tougher loan-to-value (LTV) regulations came into force in April.
Loan curbs likely to see amendment
Business, Somruedi Banchongduang, Published on 28/03/2019
» The Bank of Thailand will likely amend the soon-to-be implemented mortgage lending curbs after they take effect, depending on speculative behaviour, credit quality and the financial accessibility of homebuyers.
KBank focuses on mortgages
Business, Somruedi Banchongduang, Published on 13/03/2019
» Kasikornbank (KBank), the country's second largest lender by assets, is focusing on mortgage refinancing as it aims to improve loan quality and tap new customers.
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).
BoT frets over condo supply risk
Business, Somruedi Banchongduang, Published on 11/01/2019
» The Bank of Thailand is concerned about the risk of weaker demand for condominiums from foreigners, Chinese buyers in particular, as the global economy slows, the central bank's chief says.
SCB rolls out two mobile applications
Business, Somruedi Banchongduang, Published on 25/08/2017
» Siam Commercial Bank (SCB) has introduced two mobile apps for small and medium-sized enterprise (SME) merchants and shoppers to nudge them towards digital payment channels. The move further aims to make the bank Thailand's largest mobile banking provider.
SCB set for adviser role in Big C sale
Business, Somruedi Banchongduang, Published on 25/01/2016
» Siam Commercial Bank (SCB) is poised to become the financial adviser to a Thai company seeking to join the bidding fray for French supermarket operator Casino Guichard-Perrachon's assets in Thailand.