Showing 1 - 10 of 12
Commercial banks' NPLs hit 9-year high at end of March
Business, Oranan Paweewun, Published on 19/05/2020
» Local commercial banks' non-performing loans (NPLs) climbed to a nine-year high at 3.05% of loans outstanding at the end of March, with consumer bad loans outpacing commercial NPLs for the first time in four years.
BoT schemes to cover 1.7m SMEs
Business, Oranan Paweewun, Published on 08/04/2020
» About 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand's six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank's chief.
Fitch offers balanced Thai forecast
Business, Oranan Paweewun, Published on 19/03/2020
» Fitch Ratings has lowered its outlook on Thailand's long-term foreign currency issuer default rating to stable from positive, reflecting impacts of the coronavirus spread on Thailand's economy through its tourism sector and lingering political uncertainty after the country's transition to civilian rule.
Breaking the bonds of debt
Business, Oranan Paweewun, Published on 16/03/2020
» Thai household borrowing rose to 13.2 trillion baht at the end of September 2019 from 12.8 trillion baht at the end of 2018, with the ratio relative to GDP climbing to 79.1% from 78.6%. These figures suggest many people are drowning in debt.
The 2020 guide to market moves
Business, Oranan Paweewun, Published on 16/12/2019
» As the new year approaches, it's time to turn our thoughts to establishing financial goals and investment resolutions.
Lending spigot still open despite LTV curbs
Business, Oranan Paweewun, Published on 25/05/2019
» Commercial banks' mortgage lending showed signs of slowing down in April after new loan-to-value (LTV) curbs took effect, but net loans in overall categories continued to grow for a third straight month, says Kasikorn Research Center (K-Research).
Central bank's net loss shrank to B154bn in 2018
Business, Oranan Paweewun, Published on 26/04/2019
» The Bank of Thailand's net loss narrowed to 154 billion baht in 2018 from 271 billion in the previous year, largely due to interest earned from foreign reserve investment surpassing interest paid for the first time in several years.
Facial recognition for e-KYC nears debut
Business, Oranan Paweewun, Published on 21/02/2019
» The Bank of Thailand expects 10 financial and non-financial institutions testing out facial recognition for electronic Know Your Customer (e-KYC) technology in the regulatory sandbox to exit this stage, paving the way for banks to offer passbook account opening through mobile banking apps in the next quarter.
KBank and Line partner
Business, Oranan Paweewun, Published on 13/12/2018
» Kasikornbank (KBank) has made a big push into digital banking by forming a joint venture with Line Financial Asia to tap into the online social giant's 44 million users, aiming to grow its retail loan and digital banking business.
KResearch spots 4% GDP growth in 2019
Business, Oranan Paweewun, Published on 08/12/2018
» The Bank of Thailand's rate-setting committee is expected to lift the policy rate for the first time in more than seven years at this year's final meeting on Dec 19, while the Thai economy is projected to grow at a slower pace of 4% next year, down from 4.3% predicted for 2018, says Kasikorn Research Center (KResearch).