Showing 1 - 10 of 1,711
SCB girds itself for new standard
Business, Somruedi Banchongduang, Published on 03/01/2018
» Siam Commercial Bank (SCB) has been setting aside extra buffers against bad loans since the third quarter of 2017 to comply with International Financial Reporting Standard (IFRS) Version 9, which requires lenders to have larger reserves and earlier recognition of credit losses.
KTB keying in on low-income earners
Business, Somruedi Banchongduang, Published on 04/01/2018
» Public servants and low-income earners, segments in which Krungthai Bank (KTB) has an advantage, will be the bank's main focus for digital payment services.
BAY looks to secure Vietnam toehold
Business, Somruedi Banchongduang, Published on 05/01/2018
» Bank of Ayudhya (BAY) is exploring opportunities in Vietnam's consumer finance market in line with its parent Bank of Tokyo Mitsubishi UFJ's (BTMU) policy to deepen the group's reach in Southeast Asia.
BoT ready to curb baht if needed
Business, Somruedi Banchongduang, Published on 06/01/2018
» The Bank of Thailand on Friday issued a verbal intervention, saying it is ready to rein in the baht if the currency strengthens so rapidly that the private sector is damaged.
Thai banks forecast at least 4% growth for 2018
Business, Somruedi Banchongduang, Published on 09/01/2018
» The research houses of two Thai banks have painted an upbeat picture for the country's economic growth in 2018, forecasting its pace will be at least 4%, underpinned by exports, domestic investment and tourism.
Large banks embrace debt fund-raising
Business, Somruedi Banchongduang, Published on 15/01/2018
» Large banks have raised local and foreign currency debentures to lock in cheap costs and increase liquidity in anticipation of higher loan demand, which they expect to be driven by Thailand's positive economic momentum.
LHFG Q4 net profit gains, impairment dips
Business, Somruedi Banchongduang, Published on 16/01/2018
» Land and Houses Financial Group Plc (LHFG), the parent of LH Bank, has delivered a 16.8% year-on-year increase in its unaudited net profit during the three months to December, largely helped by a sharp decline in impairment charges for credit losses.
SCBT forecasts 4.3% GDP growth for 2018
Business, Somruedi Banchongduang, Published on 17/01/2018
» Thailand's economic growth outlook is expected to remain bright this year, with a 4.3% forecast attributed to improvement in manufacturing, services, and agricultural sectors, says Standard Chartered Bank Thai (SCBT).
Tisco Bank pumps brake on loan gains
Business, Somruedi Banchongduang, Published on 17/01/2018
» With concerns over high household debt and an uptick in bad loans, Tisco Bank has set a conservative loan growth target of 5% this year, far below the 11.8% loan growth it recorded last year, partly driven by a 33-billion-baht retail loan transferred from Standard Chartered Bank (Thai) (SCBT).
Central bank steps up fines for market conduct violators
Business, Somruedi Banchongduang, Published on 18/01/2018
» The Bank of Thailand is escalating the punishment for banks that violate the regulator's market conduct rules.