Showing 1-10 of 579 results
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Bank profits underwhelm in Q1
Business, Somruedi Banchongduang, Published on 23/04/2024
» Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.
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Thai banks eye regional expansion
Business, Somruedi Banchongduang, Published on 16/04/2024
» Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.
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PromptPay usage hits record high in 2023
Business, Somruedi Banchongduang, Published on 12/04/2024
» Financial transactions via PromptPay, Thailand’s national electronic payment platform, tallied a new high last year, while cash transactions posted a notable decline.
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CIMBT intensifies drive to expand retail loan portfolio
Business, Somruedi Banchongduang, Published on 19/03/2024
» CIMB Thai Bank (CIMBT) is intensifying its efforts to expand its retail loan portfolio, with the aim of boosting returns in the business segment through both interest rate and fee-based income.
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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.
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Krungsri: Corporate loans slow down as borrowers assess
Business, Somruedi Banchongduang, Published on 07/03/2024
» Wholesale loan growth has remained stagnant this year, with large corporates opting to wait for more favourable economic conditions before committing to new investments, according to an executive at Bank of Ayudhya (Krungsri).
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Auction prices may limit sales
Business, Somruedi Banchongduang, Published on 06/02/2024
» SET-listed Bangkok Commercial Asset Management (BAM) expects banks to see lower auction prices for bad debt sales this year because of higher supply amid a sluggish economy.
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Yuan loans likely to rise for Thai firms
Business, Somruedi Banchongduang, Published on 03/02/2024
» HSBC Thailand expects higher demand for yuan borrowing from large Thai corporates, in line with positive growth of cross-border trade and investment between Thailand, China and Hong Kong.
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Banks see flat loan growth
Business, Somruedi Banchongduang, Published on 26/01/2024
» The banking sector booked flat loan growth last year as a result of debt repayment by borrowers and banks' increased scrutiny of loan expansion amid heightened economic uncertainties.
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Banks see profit hike amid higher interest income
Business, Somruedi Banchongduang, Published on 23/01/2024
» Ten SET-listed commercial banks reported consolidated net profit in 2023 of 232 billion baht, a 15.6% year-on-year increase from around 201 billion baht in 2022, attributed to rising interest income as a result of policy rate hikes.
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