Showing 91 - 100 of 2,450
BoT hikes interest rate for 4th time
Business, Somruedi Banchongduang, Published on 26/01/2023
» The Bank of Thailand yesterday raised its policy interest rate by 0.25 percentage points for a fourth consecutive time in an attempt to contain high inflation.
MPC expected to hike policy rate further
Business, Somruedi Banchongduang, Published on 27/01/2023
» Economists forecast the Bank of Thailand's terminal policy rate will be in the range of 1.75% to 2.5% for this cycle of rate hikes.
KBank sets target of 5-7% loan growth this year
Business, Somruedi Banchongduang, Published on 28/01/2023
» Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.
BBL follows BoT, raises lending, savings rates
Business, Somruedi Banchongduang, Published on 28/01/2023
» Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.
KTC records 20% net profit growth in 2022
Business, Somruedi Banchongduang, Published on 24/01/2023
» SET-listed Krungthai Card (KTC), a non-bank business under Krungthai Bank (KTB), posted net profit growth of 20% in 2022, thanks to Thailand's economic rebound and improving tourism after the country's reopening.
BoT issues warning on cybercrime
Business, Somruedi Banchongduang, Published on 19/01/2023
» The Bank of Thailand has warned banks and consumers to keep up their guard against an elevated risk of financial cybercrime.
SCB X keen on novel banking opportunity
Business, Somruedi Banchongduang, Published on 20/01/2023
» SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.
Agency preps operations for new deposit variety
Business, Somruedi Banchongduang, Published on 20/01/2023
» The Deposit Protection Agency (DPA) plans to safeguard customers' accounts at the proposed virtual banks, with the agency preparing its internal operations in line with this new offering.
Rising rates sustain gains in banks' profits
Business, Somruedi Banchongduang, Published on 23/01/2023
» The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.
Krungthai Compass predicts 22.5m foreign arrivals in 2023
Business, Somruedi Banchongduang, Published on 11/01/2023
» Krungthai Compass, a research unit under Krungthai Bank, expects foreign tourist arrivals in 2023 to more than double the number recorded last year, estimating it will take two years to return to the level posted in 2019.