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BUSINESS

BoT to keep a lid on baht interventions

Business, Somruedi Banchongduang, Published on 21/02/2018

» The Bank of Thailand is expected to scale back its interventions in the foreign exchange market amid concerns they could prompt the wrath of the US and place Thailand on a currency manipulation watchlist, says a Kasikornbank (KBank) senior executive.

BUSINESS

KBank: Fees losing impact

Business, Somruedi Banchongduang, Published on 22/02/2018

» Kasikornbank (KBank) expects fee-based income growth from corporate banking business in a range of 2-5% this year, down from 9% last year, amid rising usage of electronic transactions that charge cheaper fees.

BUSINESS

Banking agents pegged to lift finance access

Business, Somruedi Banchongduang, Published on 22/02/2018

» Banking agents will increase consumer access to financial services by 34%, with more than 200,000 of them potentially setting up shop nationwide, says the central bank's think tank.

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.

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

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

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

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

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.