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BUSINESS

Q3 net profit hikes for SCB, BAY

Business, Somruedi Banchongduang, Published on 19/10/2018

» SET-listed Siam Commercial Bank's (SCB) unreviewed consolidated net profit for the July-to-September quarter rose 3.7% year-on-year as a sharp decline in impairment charges for loan losses cancelled out the impact from digital banking fee waivers and higher operating expenses for SCB's transformation programme.

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BUSINESS

BoT soothes ruffled feathers over new mortgage rules

Business, Somruedi Banchongduang, Published on 24/10/2018

» The Bank of Thailand has moved to calm jitters, saying the real estate market is unlike the 1997 financial meltdown and tighter mortgage lending measures are considered "preventive".

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BUSINESS

Postal deposits a rural success

Business, Somruedi Banchongduang, Published on 22/10/2018

» Kasikornbank's (KBank's) deposit transactions through its banking agent, Thailand Post, have outpaced their target after only one month of the service.

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BUSINESS

Thai Credit Retail Bank targets 15% loan growth in 2018

Business, Somruedi Banchongduang, Published on 09/10/2018

» Thai Credit Retail Bank (TCRB) aims for 15% growth in its loans outstanding this year based on strong demand for microfinance.

BUSINESS

KBank confident of mortgage growth despite curbs

Business, Somruedi Banchongduang, Published on 11/10/2018

» Kasikornbank (KBank), the country's third-largest lender by assets, expects to reach its mortgage growth target of 5% this year, even with the Bank of Thailand's recent macro-prudential policy to cool down the mortgage market.

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BUSINESS

K Plus dreams of 100 million users

Business, Somruedi Banchongduang, Published on 11/10/2018

» Kasikornbank (KBank), the country's largest mobile banking provider, has set an ambitious goal to increase its mobile banking users to 100 million by branching out into the international market.

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BUSINESS

Like father, like son? Only to a degree.

Business, Somruedi Banchongduang, Published on 13/10/2018

» The adage "a chip off the old block" holds true for Benjarong Suwankiri, an economist like his father, though the elder man is better known in political life.

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BUSINESS

Listed banks see Q3 net profit rise

Business, Somruedi Banchongduang, Published on 20/10/2018

» Eleven SET-listed commercial banks delivered a 14.7% year-on-year increase in unreviewed aggregated net profit for the three months through September, largely boosted by lower loan-loss provisions, higher net interest income and TMB Bank's one-time gain of 11.8 billion baht from the divestment of a 65% stake in its asset management subsidiary.

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BUSINESS

KTB app aims for 3 million users

Business, Somruedi Banchongduang, Published on 25/10/2018

» Krungthai Bank (KTB), the country's fourth-largest lender by assets, is aiming for 3 million mobile banking users by year-end and 10 million next year after its full-scale mobile banking app, Krungthai Next, is officially launched.

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BUSINESS

KBank checks 2019 prospects

Business, Somruedi Banchongduang, Published on 30/10/2018

» Kasikornbank (KBank), the country's third-largest lender by assets, is a little more bullish on business prospects next year by targeting lower credit costs and a narrower range of non-interest income.