Showing 1 - 10 of 11
KBank spins off investment business
Somruedi Banchongduang, Published on 03/08/2023
» Kasikornbank (KBank) is spinning off its investment business to a new entity with the aim of making profits of 5 billion baht over the next three years, paving the way for new S-curve business in the long run.
Banks still discussing JV-AMC feasibility
Business, Somruedi Banchongduang, Published on 20/02/2023
» Banks remain interested in setting up joint venture asset management companies (JV-AMCs) as an option to manage their non-performing loans (NPLs).
Regional shares retreat, foreign selling continues
Business, Nuntawun Polkuamdee, Published on 11/02/2023
» RECAP: Asia-Pacific stocks retreated on Friday, slumping towards a second weekly loss as investors fretted about the potential for further US Federal Reserve tightening.
KInvesture buys stake in asset manager
Business, Published on 10/02/2023
» Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company's shares, worth more than 3.5 billion baht, in a move to support JAM's future growth, KBank said yesterday.
Applications for hotel asset warehousing scheme decrease
Business, Somruedi Banchongduang, Published on 30/11/2022
» The total number of hoteliers affected by the Covid-19 pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand (BoT).
Banks focus on vulnerable amid uneven recovery
Business, Somruedi Banchongduang, Published on 23/09/2022
» Local banks have continued to support vulnerable customers amid the uneven economic recovery and the upward trend of non-performing loans (NPLs).
The power of joining forces
Business, Somruedi Banchongduang, Published on 13/08/2022
» A joint venture asset management company (JV AMC) business model is the country's innovative solution for handling non-performing loans (NPLs) in the banking sector, said Suthirak Traichira-Aporn, chief executive of JK Asset Management (JK AMC), in an exclusive interview with the Bangkok Post.
KBank eyeing regional AMC market
Business, Somruedi Banchongduang, Published on 13/08/2022
» Kasikornbank (KBank) has studied bad asset management business in the Asian market, in line with the region's higher distressed debt because of the Covid-19 pandemic, said a KBank executive.
Recession fears douse SET hopes for Q3
Business, Published on 09/07/2022
» The Stock Exchange of Thailand was hammered in June, falling from 1,663.41 points at the end of May to close the month at 1,568.33, a drop of 5.7%. The decline follows those of other markets around the globe, especially the Dow Jones which plunged by almost 10%.
Ambitious JK AMC targets pole position
Business, Somruedi Banchongduang, Published on 30/06/2022
» JK Asset Management (JK AMC), a joint venture forged by Kasikornbank (KBank) and JMT Network Services, has set an ambitious goal to become the country's No.1 asset management company, with bad assets of 100 billion baht under its management by 2025.