Showing 1 - 10 of 65
BAM eager to keep lead in distressed assets sector
Business, Somruedi Banchongduang, Published on 18/05/2024
» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.
Gulf quashes KBank takeover rumour as stake increases
Business, Somruedi Banchongduang, Published on 26/04/2024
» Gulf Energy Development clarified that it has no plans to take over Kasikornbank (KBank), attributing its recent increased shareholding in the bank solely to its pursuit of investment gains.
Bad loans set to surge at banks in Q1
Business, Somruedi Banchongduang, Published on 19/04/2024
» The banking sector is poised for higher non-performing loans (NPLs) in the first quarter this year, stemming from retail and small and medium-sized enterprises (SMEs), according to brokerages.
KBank predicts marginal gains
Business, Somruedi Banchongduang, Published on 22/12/2023
» Kasikornbank (KBank) expects to book marginal growth this year, in line with economic circumstances.
IMF ups 2024 Thai growth forecast to 3.6%
Somruedi Banchongduang, Published on 09/11/2023
» The International Monetary Fund (IMF) has revised its forecast for Thai gross domestic product (GDP) growth upward in 2024, based on robust private consumption gains and improving external demand.
BoT optimistic regarding growth as tourism recovers
Business, Somruedi Banchongduang, Published on 01/11/2023
» The Bank of Thailand expects the economy to have a better growth rate in the third quarter than the second after expansion missed the central bank's target for the previous quarter.
YouTrip eyes regional growth
Business, Somruedi Banchongduang, Published on 27/10/2023
» YouTrip, Southeast Asia's leading multi-currency digital payments platform, is planning on regional growth following economic gains in the area since the pandemic.
Banks post 9-month loan growth of 0.71%
Business, Somruedi Banchongduang, Published on 25/10/2023
» Thailand's six largest banks booked marginal loan growth of 0.71% in the first nine months of 2023 year-on-year as loan expansion was slow among small and medium-sized enterprises (SMEs) and household debt swelled.
Rising rates sustain gains in banks' profits
Business, Somruedi Banchongduang, Published on 23/01/2023
» The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.
Central bank raises interest rate
Business, Somruedi Banchongduang, Published on 11/08/2022
» The Bank of Thailand raised its key interest rate for the first time in nearly four years yesterday in an effort to wrestle control over surging inflation as the economic recovery gains momentum.