Showing 41 - 50 of 1,819
BoT eases Debt Clinic conditions
Business, Somruedi Banchongduang, Published on 14/04/2020
» The Bank of Thailand's Debt Clinic scheme, which pools unsecured bad loans to turn them into performing loans, is offering a grace period on principal and interest and a two-percentage-point rate cut for six months to ease debtor burden amid the Covid-19 crisis.
Krungsri Consumer readies B50bn for debt relief
Business, Somruedi Banchongduang, Published on 15/04/2020
» Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya (BAY), has prepared cash flow worth 50 billion baht for the debt relief scheme's implementation over the course of two months, its chief says.
TBA puts losses from coronavirus at B1.3tn
Business, Somruedi Banchongduang, Published on 15/04/2020
» The economy could suffer a record blow of 1.3 trillion baht in damage from the spiralling spread of the coronavirus, according to preliminary estimates by the Thai Bankers' Association (TBA).
Banks: Not all SMEs get soft loans
Business, Somruedi Banchongduang, Published on 16/04/2020
» Bankers admit the Bank of Thailand's 500-billion-baht soft loan package will not be offered to all small and medium-sized enterprises (SMEs) affected by the pandemic because of credit constraints.
91 branches for merged bank
Business, Somruedi Banchongduang, Published on 18/04/2020
» TMB-Thanachart Bank, the consolidation of two banks, plans to launch 91 co-location branches this year, paving the way for the banks to complete their integration processes.
Banking trio announce uneven Q1 results
Business, Somruedi Banchongduang, Published on 21/04/2020
» The unaudited consolidated net profit of three commercial banks -- Siam Commercial Bank (SCB), TMB Bank and Tisco Financial Group -- were mixed for the first quarter, with most recording a bad loan uptick, while SCB's chief warned Covid-19 impacts will be apparent in future quarters.
Q1 results show fortitude in banking sector
Business, Somruedi Banchongduang, Published on 22/04/2020
» Most SET-listed commercial banks in the first quarter remained resilient amid the floundering economy, while building higher provisions for expected loan losses from rising bad debt as new financial reporting standards are adopted and the coronavirus spreads.
BoT records net profit on baht retreat
Business, Somruedi Banchongduang, Published on 23/04/2020
» The Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback.
KBank makes most of digital channel services
Business, Somruedi Banchongduang, Published on 23/04/2020
» Kasikornbank (KBank) aims to get a 37% surge in online financial transaction volume through its mobile banking app KPlus to 11.6 billion this year after tallying 700 million in the first quarter as the lockdown increased demand in the digital channel.
BBL wants to wrap up Permata deal by June
Business, Somruedi Banchongduang, Published on 23/04/2020
» Bangkok Bank (BBL) stands ready to pay for a 89.12% stake in Indonesia-based PT Bank Permata Tbk (Permata) to complete the deal by June as required by the amended share purchase agreement, says an executive.