Showing 1 - 10 of 34
Hire-purchase lenders call for rate hike
Business, Somruedi Banchongduang, Published on 11/07/2023
» The Thai Hire-Purchase Association (THPA) has asked the Office of the Consumer Protection Board (OCPB) to increase the maximum interest rate for hire-purchase loans as the business is being affected by rising rates.
BoT delays publication of virtual bank rules to Q3
Business, Somruedi Banchongduang, Published on 26/04/2023
» The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties.
Pandemic steps to steer GDP outlook
Business, Somruedi Banchongduang, Published on 16/01/2021
» Thailand's GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government's management of the latest outbreak, says the Bank of Thailand.
BBL insists glitch due to high transaction volume
Business, Somruedi Banchongduang, Published on 27/03/2020
» Bangkok Bank (BBL) has clarified that its electronic banking system glitch on Wednesday stemmed from a high transaction volume and the value of fundraising schemes to help combat Covid-19 exceeding limits, not the bank's system capacity.
BoT's Debt Clinic expands criteria
Business, Somruedi Banchongduang, Published on 04/02/2020
» The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep a lid on bad loans.
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.
CIMBT closes 2 sub-branches at 7-Eleven
Business, Somruedi Banchongduang, Published on 13/01/2020
» CIMB Thai Bank (CIMBT) has shuttered two sub-branches in 7-Eleven convenience stores because of tepid transactions amid an upsurge in digital banking.
Millennials mired in shopping debts
Business, Somruedi Banchongduang, Published on 26/11/2019
» Thai millennials' spending on 'must-have items' amounts to 1.37 trillion baht a year, representing 13% of the country's GDP, and half of them owe debts, while one-fifth of debtors have defaulted, according to TMB Analytics.
Listed banks report fall in Q1 net earnings
Business, Somruedi Banchongduang, Published on 20/04/2019
» Six SET-listed commercial banks' net profits fell in the first quarter, with the two largest lenders posting softer earnings as weaker non-interest income and a rise in operating expenses dealt a blow.
Bank of Thailand awaiting KTB probe of Energy Earth loans
Business, Somruedi Banchongduang, Published on 11/03/2019
» The Bank of Thailand is waiting for a complete report from Krungthai Bank (KTB) on the investigation into loans extended to Energy Earth, including serious allegations against CIMB Thai (CIMBT) chief executive Kittiphun Anutarasoti, before deciding on whether he is eligible to be a bank executive.