Showing 51 - 60 of 2,390
HSBC posts record pre-tax profit in 2023
Business, Somruedi Banchongduang, Published on 22/02/2024
» HSBC Holdings reported a record annual pre-tax profit for 2023 thanks to higher global interest rates, despite the US$3 billion hit on its stake in China's Bank of Communications.
Thai Credit Bank Debuts Successfully on Stock Exchange
Published on 19/02/2024
» Thai Credit Bank Public Company Limited ("the Bank" or "Thai Credit Bank") marked its inaugural trading day on the Stock Exchange of Thailand under the financial/banking business group with the abbreviation "CREDIT" as a success. This milestone signifies the Bank's achievement as the first commercial bank to raise funds (IPO) in a decade.
Bankers wary regarding debt
Business, Published on 19/02/2024
» The high level of profits posted by the Thai banking sector last year generated a good deal of controversy, with some commentators suggesting interest rates were too high.
On the edge of a precipice?
Business, Published on 12/02/2024
» Tensions between the Bank of Thailand and the coalition government led by Prime Minister Srettha Thavisin, who is also the finance minister, have been apparent for months and flared up last week after the Monetary Policy Committee (MPC) decided to maintain interest rates at 2.5% following a political push for a reduction.
The lowdown on the 1997 financial crisis
Business, Published on 12/02/2024
» The 1997 Tom Yam Kung crisis was triggered by excessive loan extension by financial institutions and the liberalisation of the country's financial market, allowing Thai commercial banks to borrow money from foreign financial institutions to provide loans to businesses, says Sanan Angubolkul, chairman of the Thai Chamber of Commerce.
Auction prices may limit sales
Business, Somruedi Banchongduang, Published on 06/02/2024
» SET-listed Bangkok Commercial Asset Management (BAM) expects banks to see lower auction prices for bad debt sales this year because of higher supply amid a sluggish economy.
AIS seeks partners for virtual bank
Business, Komsan Tortermvasana, Published on 06/02/2024
» Advanced Info Service (AIS) is in talks with PTT Oil and Retail Business (OR) and a digital platform provider on a potential partnership to apply for a virtual bank licence from the Bank of Thailand, according to AIS chief executive Somchai Lertsutiwong.
Giving credit to Thai Credit's fundamentals
Business, Nuntawun Polkuamdee, Published on 03/02/2024
» Scheduled to list on the Stock Exchange of Thailand next Friday, Thai Credit Bank Plc (CREDIT) is set to become the first banking initial public offering (IPO) stock in a decade and the 12th bank listed on the bourse.
Headwinds blow on Thai lenders amid interest rate row
Published on 31/01/2024
» The escalating tug-of-war between politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors.
Bank of Thailand urged to cut rates as smaller firms continue to suffer
Business, Phusadee Arunmas, Published on 30/01/2024
» Thailand's economic situation is worse than expected and the Bank of Thailand (BoT) is being urged to cut interest rates on commercial bank loans to reduce the burden of small and medium-sized enterprises (SMEs).