Showing 1-10 of 692 results
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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.
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Central bank urges banks to help vulnerable
Business, Somruedi Banchongduang, Published on 25/04/2024
» The Bank of Thailand (BoT) is allowing commercial banks to adapt their business models to help vulnerable customers, in response to the prime minister's directive urging large local banks to lower lending interest rates for vulnerable groups and small businesses.
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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.
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Bank profits underwhelm in Q1
Business, Somruedi Banchongduang, Published on 23/04/2024
» Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.
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Major creditors support Italian-Thai Development
News, Somruedi Banchongduang, Published on 18/04/2024
» Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.
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Thai banks eye regional expansion
Business, Somruedi Banchongduang, Published on 16/04/2024
» Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.
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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.
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Gulf consortium strongest virtual bank contender
Business, Nuntawun Polkuamdee, Published on 29/03/2024
» The consortium including Gulf Energy Development, Advanced Info Service (AIS), Krungthai Bank (KTB) and PTT Oil and Retail Business (OR) is the strongest contender among the applicants for a virtual bank licence, says Asia Plus Securities (ASPS).
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Italian-Thai Development borrowing to weigh on banking profits
Business, Nuntawun Polkuamdee, Published on 23/03/2024
» The liquidity crunch facing Italian-Thai Development (ITD) may cause banks listed on the Stock Exchange of Thailand to lift debt provisions, while the net profit of four creditor banks may decrease this year if the amount lent to ITD becomes non-performing loans (NPLs), says Bualuang Securities (BLS).
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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.
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