Showing 31 - 40 of 111
CIMBT poised for retail lending dive
Business, Somruedi Banchongduang, Published on 12/08/2020
» CIMB Thai Bank (CIMBT) expects new retail lending to shrink by 20-25% this year in light of the coronavirus crisis but is maintaining its projection of loan delinquency in the retail segment, citing debt relief measures and risk management.
MPC sticks with 0.50%, eyes baht
Business, Somruedi Banchongduang, Published on 06/08/2020
» The Bank of Thailand's Monetary Policy Committee (MPC) voted to keep its policy rate unchanged at 0.50% yesterday and will continue monitoring the baht's strength as capital inflows result from abundant global liquidity.
An appointment three decades in the making
Business, Somruedi Banchongduang, Published on 04/07/2020
» The proverb "what is fated to be yours will always return to you" holds true in the case of Kattiya Indaravijaya. When she was asked about her desired job on her application form at Kasikornbank (KBank) more than 30 years ago, she filled in "CEO". And now the dream has become real.
Central bank allays NPL concerns
Business, Somruedi Banchongduang, Published on 01/07/2020
» The banking industry's bad loans are seen climbing higher for the remaining period of the year, but the central bank is giving assurances that commercial banks' capital buffer is strong enough to tolerate rising non-performing loans (NPLs) if the economy shrinks 8.1% this year.
Hi-Way maintains 2020 branch expansion plan
Business, Somruedi Banchongduang, Published on 26/06/2020
» Tisco Financial Group's microfinance arm, Hi-Way Co, is maintaining its branch network expansion plan for this year, though its business target could be revised in light of the pandemic.
BoT forecasts record contraction
Business, Somruedi Banchongduang, Published on 25/06/2020
» The Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%.
New relief package to sustain debtors
Business, Somruedi Banchongduang, Published on 19/06/2020
» The Bank of Thailand is to unveil a relief package today to help debtors ravaged by the coronavirus pandemic, as the three-month blanket debt holiday is expiring at the end of this month.
CIMBT boss Adisorn to leave post in September
Business, Somruedi Banchongduang, Published on 19/06/2020
» CIMB Thai Bank (CIMBT) president and chief executive Adisorn Sermchaiwong is stepping down, effective Sept 15.
ADB predicts steeper GDP contraction
Business, Somruedi Banchongduang, Published on 19/06/2020
» The Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB).
K-Research glum on recovery outlook
Business, Somruedi Banchongduang, Published on 03/06/2020
» The country's main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research).