Showing 1 - 10 of 26
Exim Bank offers cheap loans to halal exporters
Business, Wichit Chantanusornsiri, Published on 07/08/2024
» The Export-Import Bank of Thailand (Exim Bank) has teamed up with the Islamic Bank of Thailand (IBank) to offer loans with interest rates lower than the prime rate to support the goal of becoming Asean's halal hub by 2028.
IBank posts huge profit gain for 2023
Business, Wichit Chantanusornsiri, Published on 11/06/2024
» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Tapping a vast market
Business, Wichit Chantanusornsiri, Published on 12/02/2024
» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.
IBank targets fewer NPLs
Business, Wichit Chantanusornsiri, Published on 25/04/2023
» The Islamic Bank of Thailand (IBank) aims to reduce its non-performing loans (NPLs) to 8 billion baht this year, from the current level of 13 billion baht, by helping its major corporate customers restructure their debt, says the bank's president Thaweelap Rittapirom.
IBank to double number of branches nationwide
Business, Wichit Chantanusornsiri, Published on 27/05/2020
» State-owned Islamic Bank of Thailand (IBank) has been instructed to more than double the number of branches to 100 nationwide with a focus on the South, home to the country's largest concentration of Muslims.
Turnaround artist embraces new challenge
Business, Oranan Paweewun & Wichit Chantanusornsiri, Published on 04/01/2020
» As the youngest chief of the Government Pension Fund (GPF) with assets under management of nearly 1 trillion baht and the man who led the turnaround of Islamic Bank of Thailand (IBank), Vitai Ratanakorn has already made his mark. But he has an even more ambitious goal to navigate change in organisations where he works for.
Sepo urges TOT-CAT merger
Business, Wichit Chantanusornsiri, Published on 15/06/2019
» The State Enterprise Policy Office (Sepo) will propose to the new government a plan to merge TOT Plc with CAT Telecom, a move deemed essential to helping the two state telecom firms turn the corner.
Bonds rally on rate-cut prospects, equities slip
Business, Nuntawun Polkuamdee & Darana Chudasri, Published on 15/06/2019
» Recap: Global bonds are rallying on speculation that interest rates will start falling if trade friction continues to jeopardise global economic growth. Most Southeast Asian stock markets fell yesterday after figures showed China's industrial output growth at a 17-year low.
IBank aims to slash bad debts to 5%
Business, Wichit Chantanusornsiri, Published on 13/06/2019
» State-owned Islamic Bank of Thailand (IBank) has set an aggressive target of trimming its bad debt ratio to 5% in the next 3-4 years from 20% currently.