Showing 1 - 10 of 2,690
Weak response to central bank's debt scheme
Business, Somruedi Banchongduang, Published on 24/05/2024
» The Bank of Thailand plans to ramp up its debt solution programme for instalment loans after no new participants joined its recent initiative.
Thai banks record 1.2% loan growth
Business, Somruedi Banchongduang, Published on 24/05/2024
» The Thai banking industry reported marginal loan growth for the first four months of this year, thanks to tighter loan criteria amid a sluggish economy.
Asset managers post mixed results
Business, Somruedi Banchongduang, Published on 23/05/2024
» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.
Banking sector NPLs edge up in Q1
Business, Somruedi Banchongduang, Published on 22/05/2024
» The Bank of Thailand reported higher non-performing loans (NPLs) for the banking industry in the first quarter this year, attributed to all types of loan products amid an uneven economic recovery.
Analysts expecting rate cuts to be delayed
Business, Somruedi Banchongduang, Published on 21/05/2024
» Following better-than-expected GDP growth in the first quarter, research houses are predicting that the Bank of Thailand will delay any policy rate cut until the end of this year or next year.
BAM eager to keep lead in distressed assets sector
Business, Somruedi Banchongduang, Published on 18/05/2024
» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.
SCB launches AI banking service
Business, Somruedi Banchongduang, Published on 18/05/2024
» Siam Commercial Bank (SCB) has introduced banking services equipped with artificial intelligence (AI), aimed at expanding digital loans while improving control over non-performing loans.
Superrich responds digitally to growing travel card threat
Business, Somruedi Banchongduang, Published on 15/05/2024
» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.
Bureau sees 15% hike in overall NPLs
Business, Somruedi Banchongduang, Published on 14/05/2024
» The National Credit Bureau (NCB) recorded a 15% increase in overall non-performing loans (NPLs) in the first quarter of this year, primarily driven by auto and mortgage loan payment defaults.
Debt Clinic sees surge in applicants in Q1
Somruedi Banchongduang, Published on 13/05/2024
» The number of retail borrowers seeking assistance via the central bank’s Debt Clinic programme surged by 43% in the first quarter, indicating a growing resolve among financially vulnerable individuals to address non-performing loans (NPLs).