Showing 101 - 110 of 449
Virtual bank race: 5 in the running
Somruedi Banchongduang, Published on 23/09/2024
» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.
The effort to clamp down on scams
Business, Somruedi Banchongduang, Published on 19/09/2024
» Wiroj Lakkhanaadisorn, a People's Party list MP, recently slammed the Bank of Thailand governor for his slow action in tackling rampant call centre scams.
Virtual bank competition heats up
Business, Somruedi Banchongduang, Published on 18/09/2024
» Competition for the new virtual bank licences has intensified, with five business groups expressing interest in applying.
Call for national asset management firm
Business, Somruedi Banchongduang, Published on 17/09/2024
» SCB EIC, the research centre under Siam Commercial Bank (SCB), says the government should establish a national asset management company (AMC) to prepare for a potential increase in non-performing loans (NPLs) within the banking industry.
Bank of Thailand chief says local focus key to growth
Business, Somruedi Banchongduang, Published on 14/09/2024
» Domestic resilience and the strength of the local economy will be key to sustaining Thailand's economic growth in the long term, especially amid a slowdown in foreign direct investment (FDI), according to the Bank of Thailand chief.
KBank, BAM set up asset management company
Business, Somruedi Banchongduang, Published on 12/09/2024
» Kasikornbank (KBank) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture asset management company (JV-AMC) to handle non-performing loans (NPLs).
Five groups seek to establish virtual banks
Business, Somruedi Banchongduang, Published on 21/08/2024
» Five business groups are expected to apply for the Bank of Thailand's virtual bank licences, including both Thai and regional operators.
Double financing adds to property sector's woes
Business, Somruedi Banchongduang, Published on 20/08/2024
» Higher debt leverage resulting from double financing is making it more difficult for property companies to secure bank loans, forcing some developers to rely on short-term loans from major shareholders.
Loan growth slows amid credit crunch
Business, Somruedi Banchongduang, Published on 14/08/2024
» Kasikorn Research Center (K-Research) has slashed its total loan growth projection for the banking industry in 2024 to 1.5% from an earlier forecast of 2.5-3.5%.
To cope with credit risk, Thai banks focus on asset quality
Business, Somruedi Banchongduang, Published on 12/08/2024
» Large local banks anticipate their corporate clients will face heightened challenges in the second half of this year because of global uncertainties and concerns about a potential US recession.