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Scotiabank shelves TBank divestment
Business, Somruedi Banchongduang, Published on 07/09/2016
» Bank of Nova Scotia (Scotiabank), Canada's third largest lender by assets, has shelved plans to sell up to a 49% stake in Thanachart Bank (TBank) because of the fragile global economic recovery, according to a source in the banking circle.
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Credit inquiries climbing as household debt swells
Business, Somruedi Banchongduang, Published on 17/04/2019
» Credit inquiries at the National Credit Bureau (NCB) are expected to hit another record high this year amid mounting anxiety over swelling household debt.
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Back for some home cooking
Business, Somruedi Banchongduang, Published on 16/12/2017
» Tech whiz Orapong Thien-Ngern recently stepped down from his position as managing director of Microsoft Thailand to lead Siam Commercial Bank (SCB) as it heads for the dangerous waters of fintech.
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BoT says growth persists despite debt
Business, Somruedi Banchongduang, Published on 30/12/2017
» Thailand's high household debt will continue to constrain domestic consumption and economic growth in 2018, though external factors are supporting an expansion, says a senior official at the Bank of Thailand.
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CIMBT's mortgage rejections ease
Business, Somruedi Banchongduang, Published on 30/05/2017
» The rejection rate for mortgage applications at CIMB Thai Bank (CIMBT) has declined as prospective borrowers have paid off debt incurred from buying cars under the first-time car buyer scheme.
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End of car debt to lift spending
Business, Somruedi Banchongduang, Published on 19/10/2016
» The five-year ownership lock-up period for cars bought under the first-time car buyer scheme begins to expire late this year, and being free of auto loan debt will improve household purchasing power and strengthen domestic consumption, according to Krungsri Research, a unit of Bank of Ayudhya.
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Tisco Bank expects auto loan decline to continue
Business, Somruedi Banchongduang, Published on 04/08/2016
» Tisco Bank expects auto loans, accounting for 63% of its lending portfolio, to continue their decline over the next two years.
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K-Leasing projects 5% portfolio uptick
Business, Somruedi Banchongduang, Published on 25/08/2016
» Kasikorn Leasing (K-Leasing), Kasikornbank's auto lending arm, aims for 5% growth in its loan portfolio this year after falling slightly last year.
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TBank targets auto loans
Business, Somruedi Banchongduang, Published on 28/03/2016
» Thanachart Bank (TBank) is offering refinancing loans at a special promotional rate to participants of the first-time car buyer scheme in a bid to expand its auto loan portfolio amid sluggish demand.
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Kiatnakin yields on car focus
Business, Somruedi Banchongduang, Published on 27/01/2016
» SET-listed Kiatnakin Bank Plc (KKP) will gradually lower the proportion of car loans to half the total in three years to diversify risk and balance its lending portfolio.
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