Showing 31 - 40 of 930
Mortgage rejection rate soars after pandemic
Business, Somruedi Banchongduang, Published on 12/03/2024
» Following the pandemic, there has been a surge in the rejection rate of housing loan applications, attributed to would-be homebuyers' weakened debt repayment capability, stemming from the sluggish economic growth and higher cost of living.
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.
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.
Foreign currency deposits post healthy uptick in 2023
Business, Somruedi Banchongduang, Published on 05/03/2024
» Foreign currency deposits (FCDs) experienced a robust surge last year, driven by enticing interest rates resulting from global interest rate hikes.
LH Bank sets out 5-year expansion plan
Business, Somruedi Banchongduang, Published on 04/03/2024
» Land and Houses Bank (LH Bank), the financial arm of property developer Land and Houses Plc (LH), wants to upgrade to a mid-sized bank by 2030, driven by robust loan growth and improving income.
Virtual bank applications to open in March
Business, Somruedi Banchongduang, Published on 01/03/2024
» The Bank of Thailand is scheduled to open the application period for virtual banking licences this month, attracting several business operators.
Use cases studied for open data
Business, Somruedi Banchongduang, Published on 01/03/2024
» The Bank of Thailand expects initial use cases under its open banking policy to be implemented next year, aiming to provide consumers with better access to financial services.
Agency records 0.5% year-on-year drop in deposits last year
Business, Somruedi Banchongduang, Published on 27/02/2024
» The value of deposits under the supervision of the Deposit Protection Agency (DPA) in 2023 fell by 0.5% year-on-year, the first decline in a decade, attributed to the top and the bottom-tier deposit segments, said DPA president Songpol Chevapanyaroj.
Dip in deposits for 2023
Somruedi Banchongduang, Published on 26/02/2024
» The value of deposits under the supervision of the Deposit Protection Agency (DPA) in 2023 fell by 0.5% year-on-year, the first decline in a decade, attributed to the top and the bottom-tier deposit segments, said DPA president Songpol Chevapanyaroj.