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GENERAL

US tariffs force ttb to conduct stress tests

Business, Somruedi Banchongduang, Published on 23/04/2025

» TMBThanachart Bank (ttb) has initiated stress tests to gauge the risks and potential impacts of US tariffs on Thai exports.

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GENERAL

Banks post marginal profit growth in Q1

Business, Somruedi Banchongduang, Published on 22/04/2025

» The banking industry reported marginal growth in net profit for the first quarter of 2025, primarily due to lower net interest income (NII), aligning with a contraction in loans.

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GENERAL

Bangkok Bank posts 20% uptick in net profit in first quarter

Business, Somruedi Banchongduang, Published on 19/04/2025

» Bangkok Bank (BBL) reported 20% year-on-year growth in net profit for the first quarter of 2025, supported by a sharp increase in fee-based income, despite a contraction in loan volume.

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GENERAL

KBank offers helping hand to exporters hit by US tariffs

Business, Somruedi Banchongduang, Published on 18/04/2025

» As part of its efforts to mitigate the impact of the US tariffs on Thai exports, Kasikornbank (KBank) is assisting export clients in exploring new international markets to minimise potential disruption.

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GENERAL

Virtual banks to be announced in June

Business, Somruedi Banchongduang, Published on 18/04/2025

» The Finance Ministry is scheduled to announce the list of approved virtual banks by June 19, with the Bank of Thailand confirming it will grant three banking licences in the initial stage.

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Thailand Post trusts network in virtual banking proposal

Business, Somruedi Banchongduang, Published on 17/04/2025

» Thailand Post plans to leverage its strong network and the expertise of its delivery staff, who have access to underserved and unserved communities across the country, to support its consortium in securing a virtual bank licence.

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GENERAL

SCB X in search of higher profits via wealthier customers

Business, Somruedi Banchongduang, Published on 14/04/2025

» SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), is entering its third year of operations in 2025.

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GENERAL

IMF pushes for stronger Thai financial security

Business, Somruedi Banchongduang, Published on 11/04/2025

» The International Monetary Fund (IMF) is urging Thailand to strengthen household financial security to mitigate the country's persistently high household debt.

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GENERAL

Thai economy put at risk by surge in zero-dollar exports

Business, Somruedi Banchongduang, Published on 11/04/2025

» The government is being urged to address zero-dollar exports and investments from China, as they are expected to intensify due to the US tariff measures.

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GENERAL

SCB X to upgrade continuity plan

Business, Somruedi Banchongduang, Published on 10/04/2025

» SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), plans to strengthen its business continuity plan to address earthquake risks.