Showing 21 - 30 of 66
Q1 results show fortitude in banking sector
Business, Somruedi Banchongduang, Published on 22/04/2020
» Most SET-listed commercial banks in the first quarter remained resilient amid the floundering economy, while building higher provisions for expected loan losses from rising bad debt as new financial reporting standards are adopted and the coronavirus spreads.
SCB Easy gains 10,000 new accounts in 3 days
Business, Somruedi Banchongduang, Published on 08/04/2020
» Social distancing to contain coronavirus spread and the government's cash handouts to help Thais are giving a boost to online banking, with more than 10,000 new customers opening accounts through Siam Commercial Bank's mobile banking app SCB Easy in three days.
BAY's 2019 net profit up 32%, TMB's falls
Business, Somruedi Banchongduang, Published on 21/01/2020
» Bank of Ayudhya (BAY) posted a 32% surge in unaudited consolidated net profit last year due to higher net interest and non-interest income, while TMB Bank's yearly net profit plunged 37.7% largely thanks to a one-off gain recorded in 2018.
SCB wants Myanmar licence
Business, Somruedi Banchongduang, Published on 16/01/2020
» Siam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB's representative office to operate under a bank subsidiary licence in the neighbouring country.
Banks report 1.8% rise in Q3 profit
Business, Somruedi Banchongduang, Published on 22/10/2019
» Eleven SET-listed commercial banks posted a 1.81% year-on-year increase in consolidated unreviewed net profit for the three months through September, while most of them continued to see an uptick in bad loans.
Competition for LTFs intensifies
Business, Somruedi Banchongduang, Published on 20/08/2019
» Competition to draw individual taxpayers to invest in long-term equity funds (LTFs) is expected to intensify during the remainder of this year before incentives for the tax-saving fund expire at year-end.
BBL's Q1 net profit creeps upwards
Business, Somruedi Banchongduang, Published on 19/04/2019
» Bangkok Bank's (BBL) first-quarter net profit was a tad higher as net interest income increased and lower loan-loss provisions were offset by the decline in non-interest income.
SET-listed banks post 8% rise in net profit
Business, Somruedi Banchongduang, Published on 22/01/2019
» SET-listed commercial banks posted a 8.2% rise in their unaudited consolidated net profit for 2018, with most of them setting aside lower impairment charges that cancelled out the impact of waiving digital transaction fees and some recording extra gains on investments.
CIMBT profit tumbles 98% as costs bite
Business, Somruedi Banchongduang, Published on 16/01/2019
» SET-listed CIMB Thai Bank's unreviewed consolidated net profit plunged 98.2% in 2018, largely due to higher expenses and lower gains on trading, foreign exchange and investments.
BAY bullish on forex income in 2019
Business, Somruedi Banchongduang, Published on 05/01/2019
» Bank of Ayudhya (BAY) aims for double-digit growth in foreign exchange income contributed by commercial and retail customers in 2019.