Showing 1-10 of 32 results
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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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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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Ministry, BoT affirm SME loan deadline
Business, Somruedi Banchongduang, Published on 08/06/2018
» The Finance Ministry and the Bank of Thailand have confirmed that the deadline for requiring banks to use financial accounts submitted to the Revenue Department by small and medium-sized enterprises (SMEs) for loan approvals is still on track for the start of next year.
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BoT urges talks before passbook halt
Business, Somruedi Banchongduang, Published on 04/01/2019
» The Bank of Thailand is demanding commercial banks discuss whether they intend to cancel physical passbooks in the future because it wants to ensure banks will offer proper services to customers.
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BoT yet to take action in KTB case
Business, Somruedi Banchongduang, Published on 11/01/2019
» The Bank of Thailand has yet to take action against Kittiphun Anutarasoti, chief executive of CIMB Thai Bank (CIMBT), after Krungthai Bank (KTB) made public the findings of its investigation into loans extended to Energy Earth, which included serious allegations against him.
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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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Borrowers face tougher credit checks
Business, Somruedi Banchongduang, Published on 16/04/2015
» Wary lenders are expected to carry out more rigorous checks of borrowers' credit history to guard against higher bad loans as the country's economic recovery has yet to gather pace and the high household debt continues to rise.
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SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
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Online voting registration heralded
Business, Somruedi Banchongduang, Published on 05/05/2023
» Allowing eligible citizens to register for online voting in the upcoming general election is a good start as Thailand shuffles towards e-government, according to advisors.
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Banks prudently mull rate adjustment
Business, Somruedi Banchongduang, Published on 03/12/2022
» Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand's economic recovery.
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