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BUSINESS

Krungsri records 31% loan growth but expects decrease

Business, Somruedi Banchongduang, Published on 02/11/2012

» Krungsri Consumer, the consumer finance unit of Bank of Ayudhya, expects unsecured loans to drop to normal levels next year after strong growth this year, said managing director Thakorn Piyapan.

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BUSINESS

KBank customers cash in on IT revamp

Business, Somruedi Banchongduang, Published on 05/11/2012

» Improved service, innovative products and greater banking convenience are in store for Kasikornbank (KBank) customers after its K-Transformation (KT) project for developing its information technology system is completed next year.

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BUSINESS

Prudential buys Thanachart Life

Business, Somruedi Banchongduang, Published on 06/11/2012

» Thanachart Bank has agreed to sell Thanachart Life Assurance to Britain's Prudential Plc for 368 million (17.99 billion baht).

BUSINESS

New KTB chief won't play politics

Business, Somruedi Banchongduang, Published on 09/11/2012

» Good practice under sensible risk management is a key instrument to deal with political intervention, says Vorapak Tanyawong, new president of the state-owned Krung Thai Bank (KTB).

BUSINESS

KTB welcomes TPP talks, ties with US

Business, Somruedi Banchongduang, Published on 16/11/2012

» Amid concerns over whether the Trans-Pacific Partnership (TPP) will benefit Thailand or not, state-owned Krung Thai Bank (KTB) is looking forward to greater business opportunities with American banks.

BUSINESS

Forex firms form Tafex association

Business, Somruedi Banchongduang, Published on 30/11/2012

» Local money changers have set up the Thai Association of Foreign Exchange (Tafex) to upgrade small foreign exchange businesses to international standards.

BUSINESS

Krungsri loan unit gears up for wage hike

Business, Somruedi Banchongduang, Published on 06/12/2012

» Krungsri First Choice, a personal loan unit of Bank of Ayudhya (BAY), will keep its focus on mass market segmentation, believing the nationwide minimum wage hike planned for next year will help drive its business.

BUSINESS

Quarterly report to highlight debt defaults

Business, Somruedi Banchongduang, Published on 07/12/2012

» The National Credit Bureau (NCB) is in talks with a local research house about starting a debt default report as part of the country's second financial sector master plan.

BUSINESS

KBank turns focus offshore

Business, Somruedi Banchongduang, Published on 13/12/2012

» Kasikornbank (KBank) is positioning its offshore banking business to offer financial services for regional trade and investment on the back of strong economic growth across Asia.

TECH

K-Research: Cable TV a rising star in 2013

Business, Somruedi Banchongduang, Published on 17/12/2012

» Cable television will enjoy strong growth next year, offering local operators the chance to expand to neighbouring markets, says the Kasikorn Research Center.