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BUSINESS

CIMBT eyes AEC for growth goal

Business, Somruedi Banchongduang, Published on 21/02/2012

» SIEM REAP, CAMBODIA : CIMB Thai Bank (CIMBT) has set an ambitious goal of 27% loan expansion and 30% deposit growth this year.

BUSINESS

KTB hatches plan to switch payments to electronic

Business, Somruedi Banchongduang, Published on 22/02/2012

» Krung Thai Bank (KTB) is preparing to propose the central bank set a fee for over-the-counter cash withdrawals of 100,000 baht or more to change the country's payment system from cash-based to electronic.

BUSINESS

Krungsri seeks card growth on HSBC buy

Business, Somruedi Banchongduang, Published on 23/02/2012

» Krungsri Consumer, a business unit of Bank of Ayudhya, is seeking more growth opportunities following the acquisition of HSBC's credit card business.

BUSINESS

Thanachart Bank may divest insurance units

Business, Somruedi Banchongduang, Published on 24/02/2012

» Thanachart Bank (TBank) is considering the sale or merger of its two life insurance affiliates.

BUSINESS

CIMBT to double retail customer base

Business, Somruedi Banchongduang, Published on 01/03/2012

» The Thai unit of the Malaysia-based CIMB Bank plans to double its retail customer base to 1.2 million by the end of the year.

BUSINESS

LH Bank keeps focus on B/Es

Business, Somruedi Banchongduang, Published on 02/03/2012

» As large banks shift to subordinated bonds due to the higher financial cost of bills of exchange, the smaller Land and Houses Bank Plc (LH Bank) remains focused on B/E products for its niche segment.

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BUSINESS

Lounge wizards

Business, Somruedi Banchongduang, Published on 05/03/2012

» On the 12th floor of the newly opened Sofitel So Bangkok hotel on North Sathon Road, high-net-worth customers can gather in 900 square metres of space to receive unique financial and non-financial services from Kasikornbank.

BUSINESS

BAY stepping up pursuit of rich clients

Business, Somruedi Banchongduang, Published on 06/03/2012

» Due to reduced protection for deposits, commercial banks have been focusing on high-net-worth customers, igniting competition in the segment.

BUSINESS

SCB lures under-30s with credit

Business, Somruedi Banchongduang, Published on 07/03/2012

» New graduates have become a key market for Siam Commercial Bank as it expands its credit-card base this year, says executive vice-president Araya Phuphanich.

BUSINESS

Thailand ready for Basel III regulations

Business, Somruedi Banchongduang, Published on 08/03/2012

» Local banks are not concerned about the higher capital required under a new international accounting framework due to the solid capital base of the local industry.