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BUSINESS

Kittiphun to take leave

Business, Somruedi Banchongduang, Published on 17/01/2019

» Kittiphun Anutarasoti, chief executive of CIMB Thai Bank (CIMBT), has requested a voluntary leave of absence until the end of March after a Krungthai Bank (KTB) probe into loans to Energy Earth led to serious allegations against him.

BUSINESS

TMB unveils branch model to lure customers

Business, Somruedi Banchongduang, Published on 18/01/2019

» TMB Bank aims for an 11% increase in new customers this year, underpinned by the omni-channel, both offline and online service.

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BUSINESS

SCB starts transformation's second phase

Business, Somruedi Banchongduang, Published on 21/01/2019

» Siam Commercial Bank (SCB) will shake up its management structure by appointing four co-presidents as part of the bank's transformation into an agile organisation under the SCB Transformation programme's second phase.

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BUSINESS

SCB hikes SME loan top rate

Business, Somruedi Banchongduang, Published on 19/01/2019

» Siam Commercial Bank (SCB) has widened the ceiling rate on commercial loans to small business operators to 28% in a move to prepare for expanding to digital lending.

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BUSINESS

KBank, BAY post 2018 net profit growth

Business, Somruedi Banchongduang, Published on 19/01/2019

» Kasikornbank (KBank) delivered a 12% surge in unaudited consolidated net profit in 2018, due to lower impairment charges, while Bank of Ayudhya (BAY) posted a 6.9% rise on increases in net interest and net fee and service income.

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BUSINESS

Thai banking's man of letters follows his heart

Business, Somruedi Banchongduang, Published on 19/01/2019

» Although Winyou Chaiyawan, chief executive of Thai Credit Retail Bank (TCRB), has a hectic schedule steering his family business amid fierce competition, he has never abandoned his passion for writing.

THAILAND

Thai Bankers' Association warns over phishing

Business, Somruedi Banchongduang, Published on 25/01/2019

» The Thai Bankers' Association (TBA) is warning of phishing scams affecting a wide range of local banks, though it says the number of phishing victims is still minimal.

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BUSINESS

Banks brace for holiday outlay

Business, Somruedi Banchongduang, Published on 25/01/2019

» Commercial banks' net cash withdrawal from the Bank of Thailand to prepare for the public's spending over Chinese New Year is estimated to increase to 62.5 billion baht from 46 billion a year earlier, says a senior official at the central bank.

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BUSINESS

BoT frets over condo supply risk

Business, Somruedi Banchongduang, Published on 11/01/2019

» The Bank of Thailand is concerned about the risk of weaker demand for condominiums from foreigners, Chinese buyers in particular, as the global economy slows, the central bank's chief says.

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BUSINESS

BoT yet to take action in KTB case

Business, Somruedi Banchongduang, Published on 11/01/2019

» The Bank of Thailand has yet to take action against Kittiphun Anutarasoti, chief executive of CIMB Thai Bank (CIMBT), after Krungthai Bank (KTB) made public the findings of its investigation into loans extended to Energy Earth, which included serious allegations against him.