Showing 71 - 80 of 1,749
SCB to close 200 branches
Business, Somruedi Banchongduang, Published on 09/04/2018
» Siam Commercial Bank (SCB) plans to shutter 200 physical branches this year as part of its three-year plan to cut operating costs by 30% by 2020 and move towards digital banking.
SMEs 'not suffering' from higher rates
Business, Somruedi Banchongduang, Published on 10/04/2018
» Bank of Thailand governor Veerathai Santiprabhob played down Finance Minister Apisak Tantivorawong's recent comment that commercial banks charge too much interest to small- and medium-sized enterprises (SMEs) compared to large corporates, saying SMEs enjoy competitive rates.
BoT offers seasonal narrative
Business, Somruedi Banchongduang, Published on 12/04/2018
» The Bank of Thailand has sought to dispel fears that the ratio of household debt to GDP accelerated in the final quarter of last year, saying the higher family debt load could be attributed to seasonal spending by mostly middle- to upper-income earners.
SCB seeking Gen Y yields from mortgage products
Business, Somruedi Banchongduang, Published on 13/04/2018
» Siam Commercial Bank (SCB), the country's biggest mortgage lender, is focused on offering high-yield housing loan products to the high-risk, Gen Y segment to keep up with rising demand from young borrowers.
Agents to lead unbanked drive
Business, Somruedi Banchongduang, Published on 14/04/2018
» The two biggest digital banking players, Siam Commercial Bank (SCB) and Kasikornbank (KBank), plan to use banking agents as an additional channel to access the unbanked, helping to plug the gap before the full-scale adoption of digital banking.
Boonterm unfazed by no fees
Business, Somruedi Banchongduang, Published on 16/04/2018
» MAI-listed Forth Smart Service Plc (FSMART), the country's largest top-up machine provider under the Boonterm brand, has moved to ease concerns over banks' no-fee digital transactions, saying almost all Boonterm customers are unbanked.
Tisco rejigs focus to secured loan options
Business, Somruedi Banchongduang, Published on 17/04/2018
» Tisco Bank has shifted its focus back to secured loan business after moving away from unsecured retail lending by offloading its credit card and personal loan portfolio to Citibank Thailand.
Tisco's Hi-Way ups refinancing outlets
Business, Somruedi Banchongduang, Published on 18/04/2018
» Tisco Financial Group's microfinance arm, Hi-Way Co, aims for aggressive lending growth of 50% this year for auto refinancing brand Somwang Ngern Sang Dai, through the expansion of outlets.
BoT tells e-money services to register
Business, Somruedi Banchongduang, Published on 19/04/2018
» The Bank of Thailand has required all e-money, credit, debit and ATM card, and fund transfer service providers to either register with or seek approval from the central bank by Aug 14 to prevent their business from being shut down.
KTB, SCB post biggest Q1 dips
Business, Somruedi Banchongduang, Published on 21/04/2018
» Eleven SET-listed commercial banks combined for a slight net profit during the first three months this year, with most large banks setting aside lower impairment charges.