Showing 51 - 60 of 105
Listed banks report 32% dip in profits
Business, Somruedi Banchongduang, Published on 23/01/2021
» The average of 10 SET-listed commercial banks and subsidiaries is a 32% decline in combined net profit based on unaudited financial statements for 2020, largely attributed to higher loan-loss reserves.
Listed banks post net profit decline of 23% for 2020
Business, Somruedi Banchongduang, Published on 22/01/2021
» Large SET-listed commercial banks posted a decline of more than 23% in net profits last year, mainly attributed to allocation of higher amounts of expected credit losses (ECLs) to cushion against rising uncertainties amid the pandemic crisis.
World Bank: 1.5m fell into poverty
Business, Somruedi Banchongduang, Published on 21/01/2021
» Around 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank.
Tisco Bank expects NPLs to reach 3.5%
Business, Somruedi Banchongduang, Published on 20/01/2021
» Tisco Bank expects the non-performing loan (NPL) ratio to climb to 3-3.5% of total outstanding loans this year under a worst-case scenario where a third-wave of Covid-19 occurs in Thailand.
Krungthai forecasts GDP gain of 2.5%
Business, Somruedi Banchongduang, Published on 14/01/2021
» Thailand's GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass.
Recovery momentum picks up in Q3
Business, Somruedi Banchongduang, Published on 26/11/2020
» Thailand's economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.
BoT's forex management 'to propel economy'
News, Somruedi Banchongduang, Published on 20/11/2020
» The Bank of Thailand has continued to manage the baht's value through foreign exchange intervention, a short-term measure used to help propel the economic recovery momentum.
Robinhood eyes customer acquisition
Business, Somruedi Banchongduang, Published on 27/10/2020
» Robinhood, a local food delivery platform under Siam Commercial Bank (SCB), anticipates posting losses for the next three years under a no gross profit (GP) policy to support small merchants.
Banks see double-digit dip in profit as NPLs advance
Business, Somruedi Banchongduang, Published on 22/10/2020
» Both the third-quarter and nine-month net profit of major SET-listed financial institutions saw a double-digit decline on a year-on-year basis as banks beefed up loan provisions to cushion against higher bad debt prospects.
Headwinds cause major B4.9tn loss
Business, Somruedi Banchongduang, Published on 29/09/2020
» Uncertainties in domestic politics, economic policies and the external front over the past 14 years led to losses to Thailand's GDP worth 4.9 trillion baht, according to a research paper.