Showing 1-10 of 63 results
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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.
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Banking on responsible lending
Business, Somruedi Banchongduang, Published on 18/11/2023
» As authorities try to ease swelling household debt, the Bank of Thailand plans to implement responsible lending guidelines to improve loan quality in the financial system, starting on Jan 1, 2024.
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Improving the auto loan sector's standards
Business, Somruedi Banchongduang, Published on 26/08/2023
» While car repossessions are expected to increase this year, the situation is not as alarming as appears in the media, according to an industry executive.
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BoT eyes higher bank capital reserves
Business, Somruedi Banchongduang, Published on 25/03/2022
» The business groups of commercial banks planning to invest in digital asset businesses will have to keep sufficient capital reserves to handle possible risk, according to the central bank.
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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.
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Ttb plans to offer debt solution platform in 2024
Business, Somruedi Banchongduang, Published on 19/12/2023
» TMBThanachart Bank (ttb) plans to implement a debt solution platform to strengthen customers' debt repayment ability, providing better access to funding sources.
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Four Thai banks shutter branches in Laos as costs mount
Business, Somruedi Banchongduang, Published on 31/08/2023
» Four large Thai banks have decided to close their branches in Laos, mainly attributed to tighter regulations and higher regulatory costs while business activities declined.
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Bank of Thailand upbeat on cardholders' repayment
Business, Somruedi Banchongduang, Published on 23/08/2023
» The Bank of Thailand (BoT) affirms up to 80% of credit cardholders can repay their debt at the minimum payment rate of 10%, while the regulator prepares assistance measure to help consumers who cannot comply with the rule.
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DUP/BoT okays 3 virtual bank licences
Business, Somruedi Banchongduang, Published on 21/07/2023
» The Bank of Thailand has decided to grant only three virtual bank licences in the first round. The number is suitable to ensure stability of the Thai financial market and protect depositors from any risk of the new banking business, according to the governor of the central bank.
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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.
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