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BUSINESS

BoT: Banking agent regulations due this quarter

Business, Somruedi Banchongduang, Published on 24/01/2018

» The Bank of Thailand is due to announce this quarter regulations governing banking agent licences, which allows banks to access people in remote areas with cheaper operating costs.

BUSINESS

Survey: Lending structure may cause economic harm

Business, Somruedi Banchongduang, Published on 25/01/2018

» The structure of lending in Thailand, which has a high concentration of lenders and borrowers, could have a widespread impact to the country's economic system in the event that there is a change in lending supply from large banks or demand from large borrowers, the central bank's think tank says.

BUSINESS

KBank plans buffer for SME loans

Business, Somruedi Banchongduang, Published on 25/01/2018

» Kasikornbank (KBank) is required to set aside larger loan impairment charges for its small and medium-sized enterprise (SME) loans in compliance with the International Financial Reporting Standard 9 (IFRS9), which requires lenders to have larger reserves and earlier recognition of credit losses.

BUSINESS

KKP aims for 10% growth in loans

Business, Somruedi Banchongduang, Published on 26/01/2018

» SET-listed Kiatnakin Bank (KKP) has set an aggressive loan growth target of 10% this year after recording a rise in 2017 -- the first time in three years.

BUSINESS

Legal squad to back SCB's push into digital banking

Business, Somruedi Banchongduang, Published on 29/01/2018

» Siam Commercial Bank has set up a digital legal team to step up efforts in guarding against rising cybersecurity threats and to comply with new digital laws amid SCB's shift towards a digital banking platform.

BUSINESS

SCB union ends strike after head vows proposal review

Business, Somruedi Banchongduang, Published on 30/01/2018

» Siam Commercial Bank (SCB)'s labour union on Monday ended its protest over salary, performance evaluations and staff rotations after the bank's chief promised it would consider their proposals.

BUSINESS

Krungsri seeks credit card spending rise

Business, Somruedi Banchongduang, Published on 31/01/2018

» Krungsri Consumer, an unsecured lending unit under Bank of Ayudhya (BAY), aims for 10% growth in credit card spending to 300 billion baht this year.

BUSINESS

BoT tells off banks over baht speculation

Business, Somruedi Banchongduang, Published on 31/01/2018

» The Bank of Thailand has reprimanded some financial institutions with operations in Thailand for their behaviour in the light of speculative activity with the baht, say senior officials at the central bank.

BUSINESS

SCB proposes severance for non-adapters

Business, Somruedi Banchongduang, Published on 01/02/2018

» Siam Commercial Bank (SCB) wants to offer severance packages to employees who cannot adapt to the bank's needed skill areas, its chief says.

BUSINESS

BoT official hints at higher GDP forecast

Business, Somruedi Banchongduang, Published on 01/02/2018

» The Bank of Thailand may upgrade its current GDP growth forecast of 3.9% for 2018 because state investment is expected to provide a larger boost, says a senior official at the central bank.