Showing 1 - 10 of 32
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.
Thai banks eye regional expansion
Business, Somruedi Banchongduang, Published on 16/04/2024
» Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.
SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
SCB X turns to digital in effort to fend off loan sharks
Business, Somruedi Banchongduang, Published on 06/10/2023
» SCB X believes its digital loan services can provide underserved customers with greater access to financial sources at fair prices, easing the country's loan shark problem.
SCB X, KakaoBank keen on virtual banking
Business, Somruedi Banchongduang, Published on 19/06/2023
» SCB X Plc is teaming up with KakaoBank to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
SCB X and KakaoBank eye virtual banking
Somruedi Banchongduang, Published on 16/06/2023
» SCB X Plc is teaming up with KakaoBank of South Korea to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
Exploring efforts to ease dollar volatility
Business, Somruedi Banchongduang, Published on 24/05/2023
» Regulations have limited growth of yuan-baht trade payment even as the central banks of Thailand and China have encouraged local currency settlement for quite some time.
UOBT prepares car title loan service for next year
Business, Somruedi Banchongduang, Published on 20/12/2022
» United Overseas Bank (Thai) or UOBT plans to formally offer a car title loan service next year as part of its business expansion.
SCB X allocates $50m for Indonesia's BJJ
Business, Somruedi Banchongduang, Published on 21/09/2022
» SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.
Digital lending pays off for banks as platforms expand rapidly
Business, Somruedi Banchongduang, Published on 20/07/2022
» Digital lending platforms run by the large commercial banking groups Kasikornbank (KBank) and SCB X are posting strong growth, in line with changing consumer behaviour in the digital era.