Showing 1 - 10 of 19
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.
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.
Legacy planning
Business, Somruedi Banchongduang, Published on 07/09/2015
» As the clock ticks down on inheritance tax enforcement, the affluent are in a hurry to pass their taxable assets to their children, grandchildren, spouses and even parents to avoid large tax payments and keep their fortunes in the family.
How interest rates affect household debt
Business, Somruedi Banchongduang, Published on 09/11/2023
» Elevated interest rates became the topic of public discussion recently after a homebuyer posted her home instalment payment of 10,900 baht on social media, of which the principal accounted for only five baht, while interest expense was 10,894.5 baht.
Bank of Thailand plans responsible lending rules
Business, Somruedi Banchongduang, Published on 15/02/2023
» The Bank of Thailand plans to implement new regulations for responsible lending to curb the country's household debt problem over the long term.
Regulators vow safety of personal data
Business, Somruedi Banchongduang, Published on 29/04/2022
» Thai financial regulatory agencies have joined forces to protect the personal data of consumers as global data leakages and cyber-risks grow in the digital age.
Top banks set lower NPL targets for 2022
Business, Somruedi Banchongduang, Published on 21/02/2022
» Four local banks unveiled their financial goals for this year, with all setting lower non-performing loan (NPL) targets in line with the economic recovery, although the rebound is projected to be uneven.
KTB vows cooperation after report's claims
Business, Somruedi Banchongduang, Published on 24/09/2020
» Krungthai Bank (KTB) says it's ready to cooperate with local and international regulatory bodies to investigate funds transfers as the bank awaits clearer information from the US Treasury Department's Financial Crimes Enforcement Network (FinCEN).
BoT takes action to equalise services
Business, Somruedi Banchongduang, Published on 12/09/2020
» The Bank of Thailand has enforced revised market conduct rules covering specialised financial institutions, asset management companies and nanofinance operators to standardise the country's overall financial services.
BoT extending rules to SFIs and others
Business, Somruedi Banchongduang, Published on 05/02/2020
» The Bank of Thailand is set to extend market conduct enforcement to cover specialised financial institutions (SFIs), nanofinance operators, and asset management companies (AMCs) next quarter to improve financial service offerings.