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BUSINESS

KBank expects 10 times digital lending

Business, Somruedi Banchongduang, Published on 07/01/2019

» Kasikornbank (KBank) has set an ambitious goal of 10 times growth in digital lending this year, targeting low-income earners who are not bank customers.

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BUSINESS

Kiatnakin warns about risky auto loans inflating demand

Business, Somruedi Banchongduang, Published on 06/12/2018

» Kiatnakin Bank (KKP) has raised a red flag about rebate and top-up car loans, which create artificial demand, resulting in the bank's increasing special mention (SM) loans for used cars.

BUSINESS

KBank rolls out Facebook Messenger payment service

Business, Somruedi Banchongduang, Published on 26/06/2018

» Kasikornbank (KBank) has entered the social commerce platform by becoming the first Thai bank to offer payment service via Facebook Messenger, targeting transaction value of 30 billion baht for the first year of operations.

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BUSINESS

Short-term bond supply to rise

Business, Somruedi Banchongduang, Published on 28/04/2018

» The Bank of Thailand plans to gradually move away from its year-long tapering of new short-term bond supply by raising the new weekly three- and six-month debt auction amounts by 5 billion baht each, starting from May 15.

BUSINESS

Tisco rejigs focus to secured loan options

Business, Somruedi Banchongduang, Published on 17/04/2018

» Tisco Bank has shifted its focus back to secured loan business after moving away from unsecured retail lending by offloading its credit card and personal loan portfolio to Citibank Thailand.

BUSINESS

KBank's tech arm to put AI at forefront of K Plus app

Business, Somruedi Banchongduang, Published on 14/03/2018

» Kasikorn Business Technology Group (KBTG), a subsidiary of Kasikornbank (KBank), plans to integrate artificial intelligence (AI) technology into the bank's mobile app with the aim of upgrading to a real digital bank in the next three years.

BUSINESS

AEONTS steps into used car segment

Business, Somruedi Banchongduang, Published on 06/02/2018

» Aeon Thana Sinsap Thailand Plc (AEONTS), a hire-purchase lender for household products and a credit card issuer, has branched into used car loans to capitalise on strong growth in the business.

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BUSINESS

BAY online auto lending doubles

Business, Somruedi Banchongduang, Published on 15/12/2017

» Krungsri Auto, the auto lending arm of Bank of Ayudhya (BAY), saw its digital loan growth double to 1.2 billion baht this year, indicating that the online channel is gaining ground.

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BUSINESS

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.

BUSINESS

Tisco gloomy about auto segment

Business, Somruedi Banchongduang, Published on 31/07/2017

» Tisco Bank has painted a gloomy picture of its auto loan segment, its largest lending area, expecting it to contract this year due to the bank's stringent loan scrutiny amid swelling household debt and intense competition in the industry.