Showing 1-10 of 24 results
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Market forecasts rate hike cycle nears end
Business, Somruedi Banchongduang, Published on 16/08/2023
» With the Bank of Thailand gradually raising its policy benchmark rate for a year as part of its monetary policy normalisation to tame inflation, the market now expects the rate hike cycle to end.
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Krungthai forecasts GDP gain of 2.5%
Business, Somruedi Banchongduang, Published on 14/01/2021
» Thailand's GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass.
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BoT, TBA up transfer cap
Business, Somruedi Banchongduang, Published on 27/09/2018
» The Bank of Thailand and the Thai Bankers' Association (TBA) have agreed to raise the ceiling on fund transfer amounts to 700,000 baht per transaction via the online channel from the current 50,000 baht, starting Monday, in the latest attempt to prevent a repeat of a recent system outage.
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Bank system crash blamed on glitch
Business, Somruedi Banchongduang, Published on 01/09/2018
» Banks' electronic money transfers, withdrawals and payment services crashed for several hours on Friday, with the blame laid on heavy interbank money transfers typically made at the end of the month at large banks.
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The far corners of banking
Business, Somruedi Banchongduang, Published on 31/07/2018
» As the high-income market approaches saturation, Kasikornbank (KBank) is shifting its customer acquisition focus to the lower-income segment, where strong demand for financial services remains.
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TBank posts profit bump
Business, Somruedi Banchongduang, Published on 19/07/2018
» Thanachart Bank (TBank) has avoided a letdown following the recent elimination of digital transaction fees, with higher net interest income and non-interest income bumping its net profit during the second quarter.
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KBank keen to outpace target range
Business, Somruedi Banchongduang, Published on 28/05/2018
» Kasikornbank (KBank), the country's third-largest lender by assets, expects lending growth this year to outpace its 5-7% target range, buoyed by a growing economy.
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Fee income faces hit, BoT official says
Business, Somruedi Banchongduang, Published on 15/05/2018
» Commercial banks' fee-based income from money transfer services, starting from this quarter, is expected to decline significantly after most waived digital banking transaction fees, says a senior official at the Bank of Thailand.
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Boonterm unfazed by no fees
Business, Somruedi Banchongduang, Published on 16/04/2018
» MAI-listed Forth Smart Service Plc (FSMART), the country's largest top-up machine provider under the Boonterm brand, has moved to ease concerns over banks' no-fee digital transactions, saying almost all Boonterm customers are unbanked.
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Scrapped digital fees to hit banking income
Business, Somruedi Banchongduang, Published on 30/03/2018
» Four large banks and a few smaller ones deciding to eliminate fees for digital banking transactions will deal a blow to the industry's fee-based income, which contributes a big portion, says the chief of the Thai Bankers' Association (TBA).
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