Showing 1-10 of 1,941 results
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Credit card spending headed for 2020 decline
Business, Somruedi Banchongduang, Published on 13/08/2020
» Annual credit card spending is expected to contract this year because of the coronavirus crisis, particularly for outbound spending, due to the government's prohibition on cross-border travel.
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CIMBT poised for retail lending dive
Business, Somruedi Banchongduang, Published on 12/08/2020
» CIMB Thai Bank (CIMBT) expects new retail lending to shrink by 20-25% this year in light of the coronavirus crisis but is maintaining its projection of loan delinquency in the retail segment, citing debt relief measures and risk management.
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KFIN seeks $50m next year
Business, Somruedi Banchongduang, Published on 11/08/2020
» Krungsri Finnovate (KFIN), a tech startup under Bank of Ayudhya (BAY), plans to raise another US$50 million worth of funds early next year to cover business operations for three years under a post-Covid-19 business strategy.
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MPC sticks with 0.50%, eyes baht
Business, Somruedi Banchongduang, Published on 06/08/2020
» The Bank of Thailand's Monetary Policy Committee (MPC) voted to keep its policy rate unchanged at 0.50% yesterday and will continue monitoring the baht's strength as capital inflows result from abundant global liquidity.
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Banks' transaction crash rate down in Q2
Business, Somruedi Banchongduang, Published on 05/08/2020
» The banking sector continued to endure transactional crashes in the second quarter, albeit at a lower rate, as transaction volume surged.
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Q2 contraction poised to hit 13%
Business, Somruedi Banchongduang, Published on 01/08/2020
» Thailand's second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand.
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Kiatnakin Bank turns screws on loan approvals
Business, Somruedi Banchongduang, Published on 31/07/2020
» Kiatnakin Bank has tightened retail loan approvals by requesting higher down payments and lowering the loan-to-value (LTV) ratio amid riskier economic circumstances.
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BoT looks to lighten burden for distressed borrowers
Business, Somruedi Banchongduang, Published on 29/07/2020
» The Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis.
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Net profits dip as loan buffers spike
Business, Somruedi Banchongduang, Published on 23/07/2020
» Thailand's commercial banking sector reported a drop in aggregate net profit for both the second quarter and first six months, mainly from higher provisions set aside to cushion against rising non-performing loans (NPLs).
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Citi favours defensive stocks
Business, Somruedi Banchongduang, Published on 22/07/2020
» Citi Thailand likes defensive stocks focused on digital and health tech to build a positive return on investment for high-net-worth customers amid recurring financial market volatility caused by the coronavirus crisis.
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