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BUSINESS

SCB foresees more floating rates this year

Business, Somruedi Banchongduang, Published on 12/03/2018

» Siam Commercial Bank (SCB), the country's biggest mortgage lender, expects to see more floating-rate mortgage packages this year as the market anticipates a local interest rate hike.

BUSINESS

TBank eyes Q2 deposit race heat-up

Business, Somruedi Banchongduang, Published on 08/03/2018

» Thanachart Bank (TBank) expects intensified deposit competition and a deposit rate hike next quarter -- a phenomenon unseen for several years -- following growth in corporate loan demand.

BUSINESS

SCB looks to B2C online platform

Business, Somruedi Banchongduang, Published on 07/03/2018

» Siam Commercial Bank (SCB) is focusing on providing an e-marketplace platform for the business-to-consumer (B2C) segment in a fresh effort to retain its market share in payment service amid intensified competition from tech and platform giants.

BUSINESS

CIMBT envisions massive profit uptick to B12-15bn

Business, Somruedi Banchongduang, Published on 06/03/2018

» CIMB Thai Bank (CIMBT) aims to dramatically boost its pre-provision operating profit (PPOP) to a range of 12-15 billion baht, hoping to meet its goal of upgrading to a mid-tier bank under its mid-term business plan through 2021.

BUSINESS

BAY studies banking agents for transactions

Business, Somruedi Banchongduang, Published on 05/03/2018

» SET-listed Bank of Ayudhya (BAY), the country's fifth-largest lender by assets, is studying a plan to provide a full range of transactional banking services through banking agents, while vowing to continue expanding its physical branch network.

BUSINESS

BAY taps mobile app to double digital loan growth

Business, Somruedi Banchongduang, Published on 28/02/2018

» Bank of Ayudhya (BAY) aims to more than double growth of new personal loans via the online and digital channels this year after rolling out Krungsri iFin, a mobile app for loan products.

BUSINESS

Kiatnakin reveals interactive 'Magic Mirror' adviser

Business, Somruedi Banchongduang, Published on 28/02/2018

» Kiatnakin Bank (KKP) will unveil an interactive and live video call financial adviser technology at five pilot branches next month, aiming to boost its customer base by 20%.

BUSINESS

TMB simplifies hierarchy in overhaul

Business, Somruedi Banchongduang, Published on 27/02/2018

» TMB Bank has streamlined its top-down command structure by removing 10 levels of hierarchy to improve productivity in the digital era.

BUSINESS

BoT head cautions against market corrections from mismatches

Business, Somruedi Banchongduang, Published on 23/02/2018

» Bank of Thailand governor Veerathai Santiprabhob has sounded the alarm over potential sharp market corrections based on a mismatch between market expectations and economic fundamentals.

BUSINESS

Tris Rating: Corporate bonds to outpace loans

Business, Somruedi Banchongduang, Published on 23/02/2018

» Tris Rating estimates Thai corporate bonds outstanding will outpace corporate loans in the next few years as large companies capitalise on the lower financial costs of bond issuance.