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BUSINESS

KBank changes Chinese name from farming focus

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

» Kasikornbank will change its Chinese name to mean "the bank blessed with an auspicious origin" from the current name which means "the farmers' bank".

BUSINESS

TCRB's gold-backed loans receive emphasis next year

Business, Somruedi Banchongduang, Published on 05/04/2012

» Thai Credit Retail Bank (TCRB) set an aggressive growth goal for gold-backed credit of 25%, thanks to greater demand for the typical loan product as a result of rising gold prices in line with the rising inflation rate, says CEO and managing director Mongkon Leelatum.

BUSINESS

Ayudhya Capital pushes personal instalment loans

Business, Somruedi Banchongduang, Published on 05/04/2012

» Even though they may qualify for a credit card, some customers may want to consider a personal instalment loan, said Nayanee Peaugkham, executive vice-president of Ayudhya Capital Service, also known as Krungsri First Choice.

BUSINESS

SCB okays B100bn more in bonds

Business, Somruedi Banchongduang, Published on 06/04/2012

» Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas in line with greater growth in several markets, says chairman of the executive committee Vichit Surapongchai.

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.

BUSINESS

KBank to use profits to meet rule

Business, Somruedi Banchongduang, Published on 16/04/2012

» Kasikornbank will focus on improving profitability to help bolster its capital base to help meet new requirements under the Basel III capital accord.