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BUSINESS

BoT issues warning on cybercrime

Business, Somruedi Banchongduang, Published on 19/01/2023

» The Bank of Thailand has warned banks and consumers to keep up their guard against an elevated risk of financial cybercrime.

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BUSINESS

SCB X keen on novel banking opportunity

Business, Somruedi Banchongduang, Published on 20/01/2023

» SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.

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BUSINESS

Agency preps operations for new deposit variety

Business, Somruedi Banchongduang, Published on 20/01/2023

» The Deposit Protection Agency (DPA) plans to safeguard customers' accounts at the proposed virtual banks, with the agency preparing its internal operations in line with this new offering.

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BUSINESS

Rising rates sustain gains in banks' profits

Business, Somruedi Banchongduang, Published on 23/01/2023

» The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.

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BUSINESS

Krungthai Compass predicts 22.5m foreign arrivals in 2023

Business, Somruedi Banchongduang, Published on 11/01/2023

» Krungthai Compass, a research unit under Krungthai Bank, expects foreign tourist arrivals in 2023 to more than double the number recorded last year, estimating it will take two years to return to the level posted in 2019.

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BUSINESS

Banks prepare new Central Fraud Registry

Business, Somruedi Banchongduang, Published on 12/01/2023

» The Thai Bankers' Association (TBA) is working to set up the Central Fraud Registry to probe financial fraud in the banking industry.

BUSINESS

BoT sets out plan to issue up to 3 virtual banking licences

Business, Somruedi Banchongduang, Published on 13/01/2023

» The Bank of Thailand plans to grant up to three virtual banking licences in the first stage of its digital plans, and will allow both financial institutions and non-financial firms to apply.

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BUSINESS

KTC shifts from car hire-purchase loans

Business, Somruedi Banchongduang, Published on 04/01/2023

» Krungthai Card Plc (KTC), a non-bank entity under Krungthai Bank (KTB), is edging away from car hire-purchase loans after the consumer regulator tightened the rules for this segment.

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BUSINESS

KTC to offer personal loans on apps

Business, Somruedi Banchongduang, Published on 05/01/2023

» Krungthai Card Plc (KTC), a non-bank business under Krungthai Bank (KTB), plans to offer personal loans via KTB's Pao Tang mobile application this year.

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BUSINESS

SAK, TC Renewable team up to offer solar rooftops, loans

Business, Somruedi Banchongduang, Published on 06/01/2023

» SET-listed Saksiam Leasing (SAK), an auto and personal loan provider, wants to expand by providing loans for residential solar rooftops, aiming to grow the portfolio of the new business to 1 billion baht this year.