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BUSINESS

CIMBT looks for regional revenue enhancement

Business, Somruedi Banchongduang, Published on 03/06/2014

» The SET-listed CIMB Thai Bank (CIMBT) expects to boost its revenue from regional banking to half of its wholesale banking revenue by year-end through an aggressive strategy in line with parent CIMB Group’s policy.

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BUSINESS

KBank sees rebound in SME loans

Business, Somruedi Banchongduang, Published on 30/05/2014

» Loan demand from small and medium-sized enterprises (SMEs) has improved slightly, particularly for those in farming businesses following rice pledging payments. The payouts have restored consumer confidence and spending, says Kasikornbank’s executive vice-president Patchara Samalapa.

BUSINESS

TBank tests investors' appetite with bonds

Business, Somruedi Banchongduang, Published on 27/05/2014

» The 17.1-billion-baht debenture issue planned by Thanachart Bank (TBank) remains on track despite last Thursday's military coup.

BUSINESS

Tafex turns wary eye to AEC influx

Business, Somruedi Banchongduang, Published on 21/05/2014

» Local money changers have been told to improve their operations in preparation for a tougher battle once the Asean Economic Community (AEC) takes effect next year, says the Thai Association of Foreign Exchange (Tafex).

BUSINESS

BKI slashes growth target

Business, Somruedi Banchongduang, Published on 16/05/2014

» Bangkok Insurance (BKI) has cut its premium growth target from 15% to 5% this year after a significant decline in premiums in the first quarter, underscoring the impact of the political turbulence.

BUSINESS

TBank embraces Pay ’n Go

Business, Somruedi Banchongduang, Published on 16/05/2014

» Thanachart Bank is counting on technology that turns smartphones and tablets into credit-card readers to increase the number of merchants accepting TBank cards.

BUSINESS

CIMBT in Laos to target locals

Business, Somruedi Banchongduang, Published on 14/05/2014

» CIMB Thai Bank's new international branch in Vientiane plans to tap Laotian customers as its key target, in a strategic move to differentiate itself from other Thai banks.

BUSINESS

Citibank Thailand readjusts goal to asset quality

Business, Somruedi Banchongduang, Published on 13/05/2014

» With the downbeat economy, Citibank Thailand is shifting its credit-card focus to asset quality rather than expanding its cardholder base even though its base retains stronger purchasing power than its competitors, says an executive.

BUSINESS

Money Expo hit in the pocket

Business, Somruedi Banchongduang, Published on 09/05/2014

» Financial transactions at Money Expo Bangkok are expected to slip sharply to 90 billion baht this year from 154 billion last year, mainly due to the prolonged political chaos that is worsening the already sluggish economy, banks' stringent loan scrutiny and soaring household debt.

BUSINESS

BBL reports drop in profit

Business, Somruedi Banchongduang, Published on 09/05/2014

» Bangkok Bank (BBL), Thailand's largest bank by assets, has warned that its earnings this year could be lower than last year with the gloomy economy eating into its profitability.