Showing 31 - 40 of 1,634
World Bank cuts Thai growth forecast
Business, Somruedi Banchongduang, Published on 02/04/2024
» The World Bank has slashed its forecast for Thailand's GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country's fiscal budget disbursement.
Robust growth targets amidst stronger scrutiny
Business, Somruedi Banchongduang, Published on 30/03/2024
» Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya (Krungsri), is committed to prioritising responsible lending practices to control asset quality, even as it sets ambitious growth goals for 2024.
Currency nosedives amid more seasonal fluctuations
Business, Somruedi Banchongduang, Published on 23/03/2024
» The baht plunged against the US dollar on Friday, primarily influenced by external factors, with seasonal fluctuations expected to exert continued pressure on the local currency, potentially weakening to 37 per dollar during the second quarter.
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.
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.
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.
BoT aims for lower virtual bank rates, fees
Business, Somruedi Banchongduang, Published on 08/03/2024
» The Bank of Thailand expects the formation of virtual banks to provide reduced interest rates and fees as the operating costs for purely digital banking services are lower without physical branches and fewer staff.
SCB predicts flat growth for SME, retail segments
Business, Somruedi Banchongduang, Published on 07/03/2024
» Siam Commercial Bank (SCB), the banking business unit under SCB X Plc, expects no growth in small and medium-sized enterprise (SME) and retail loans this year, citing the fragile financial conditions of these two customer segments.
Krungsri: Corporate loans slow down as borrowers assess
Business, Somruedi Banchongduang, Published on 07/03/2024
» Wholesale loan growth has remained stagnant this year, with large corporates opting to wait for more favourable economic conditions before committing to new investments, according to an executive at Bank of Ayudhya (Krungsri).
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.