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BUSINESS

SCB mulls increasing loan growth target

Business, Somruedi Banchongduang, Published on 16/05/2012

» Siam Commercial Bank (SCB) may revise up its full-year loan expansion target after booking healthy first-quarter growth of almost 20%.

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BUSINESS

Home loan gimmicks at Money Expo

Business, Somruedi Banchongduang, Published on 18/05/2012

» Zero-interest home loans are the main draw for visitors to the 2012 Money Expo at Impact Muang Thong Thani.

BUSINESS

CIMB Thai reaps Malaysian inflow

Business, Somruedi Banchongduang, Published on 19/05/2012

» The Malaysia-based CIMB Thai Bank (CIMBT) expects more banking business from Malaysian clients as foreign investors increase their presence in Southeast Asia ahead of the Asean Economic Community (AEC) in 2015.

BUSINESS

Rain blamed for missed audience target

Business, Somruedi Banchongduang, Published on 22/05/2012

» The 2012 Money Expo received a sluggish response from consumers. Both financial transactions and visitors were lower than projected, mainly due to ineffective promotional campaigns and rainstorms during the fair.

BUSINESS

CIMBT to double retail customer base

Business, Somruedi Banchongduang, Published on 01/03/2012

» The Thai unit of the Malaysia-based CIMB Bank plans to double its retail customer base to 1.2 million by the end of the year.

BUSINESS

Mizuho reports solid loan improvement

Business, Somruedi Banchongduang, Published on 10/04/2012

» The Bangkok branch of Mizuho Corporate Bank has booked positive loan growth in Thailand since the beginning of the year, supported by the recovery of Japanese business clients after last year's floods, says general manager Noritaka Takahashi.

BUSINESS

Western Union cuts fees, eyes outbound growth

Business, Somruedi Banchongduang, Published on 10/04/2012

» Western Union, the international money-transfer service provider, is lowering fees in Thailand on an increased demand for outbound payments and in anticipation of new opportunities following the establishment of the Asean Economic Community (AEC).

BUSINESS

Thai auto loans bursting at the seams

Business, Somruedi Banchongduang, Published on 11/04/2012

» Auto loans are expected to skyrocket this year after posting a strong performance in the first quarter thanks to overwhelming back orders for new cars following the floods.

BUSINESS

Auto-loan lenders defend their positions

Business, Somruedi Banchongduang, Published on 12/04/2012

» Leading auto-loan providers insist that their financing systems are in compliance with all local regulations.

BUSINESS

Banks in fund-raising mode with new debt

Business, Somruedi Banchongduang, Published on 13/04/2012

» Local banks are preparing to raise hundreds of billions of baht in new funds from the local debt market in anticipation of stronger loan growth over the next several quarters.