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GENERAL

CIMBT intensifies drive to expand retail loan portfolio

Business, Somruedi Banchongduang, Published on 19/03/2024

» CIMB Thai Bank (CIMBT) is intensifying its efforts to expand its retail loan portfolio, with the aim of boosting returns in the business segment through both interest rate and fee-based income.

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GENERAL

Thai banks make shift to transition finance

Business, Somruedi Banchongduang, Published on 16/03/2024

» Large local banks are moving forward with plans to introduce transition products in the third quarter of this year, in line with sustainable finance requirements set down by the Bank of Thailand.

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GENERAL

TMBThanachart predicts limited growth in loans

Business, Somruedi Banchongduang, Published on 14/03/2024

» TMBThanachart Bank (ttb) is focusing on assisting retail customers with restructuring their debt this year rather than growing new loans.

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Ttb rules out sale of bad debts

Business, Somruedi Banchongduang, Published on 06/03/2024

» Despite a higher level of non-performing loans (NPLs) in the industry, TMBThanachart Bank (ttb) has no plans to sell its bad debts this year as potential buyers are offering relatively low prices.

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Foreign currency deposits post healthy uptick in 2023

Business, Somruedi Banchongduang, Published on 05/03/2024

» Foreign currency deposits (FCDs) experienced a robust surge last year, driven by enticing interest rates resulting from global interest rate hikes.

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LH Bank sets out 5-year expansion plan

Business, Somruedi Banchongduang, Published on 04/03/2024

» Land and Houses Bank (LH Bank), the financial arm of property developer Land and Houses Plc (LH), wants to upgrade to a mid-sized bank by 2030, driven by robust loan growth and improving income.

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Virtual bank applications to open in March

Business, Somruedi Banchongduang, Published on 01/03/2024

» The Bank of Thailand is scheduled to open the application period for virtual banking licences this month, attracting several business operators.

GENERAL

Use cases studied for open data

Business, Somruedi Banchongduang, Published on 01/03/2024

» The Bank of Thailand expects initial use cases under its open banking policy to be implemented next year, aiming to provide consumers with better access to financial services.

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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.

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GENERAL

Call for better integration of the informal economy

Business, Somruedi Banchongduang, Published on 20/02/2024

» The Thai Bankers' Association (TBA) is urging the government to bring the informal economy into the economic system to promote transparency and support the country's digital economy.