Thailand
Kiatnakin Phatra Q1 net profit surge 84% on fee growth and lower losses
Kiatnakin Phatra Q1 net profit surge 84% on fee growth and lower losses
Credit costs did rise in Q1 as the bank braces for the geopolitical impact.
TMBThanachart Bank posts higher Q1 profit despite shrinking loan book
The bank saw a decline in auto loans, credit card loan repayments, and large corporate loans.
Krungthai Card beats Q1 profit estimates but credit costs loom
However, its NPL ratio rose to 1.96% due to its non-core leasing business.
Thai banks face asset stress on risky borrower exposure
Over a fifth of Thai loans are exposed to highly leveraged large corporations.
Krungthai Bank launches US dollar bond wallet on Paotang app
The minimum investment is US$1,000.
Krungsri names Kohei Omori as head of Japanese corporate banking
He headed the corporate banking division in the US Midwest.
Commercial banks seize 45% of Thailand’s total financial assets
Depository corporations like savings cooperatives trail far behind with 6.8% share.
SCB allocates $539m to finance 9 green hotel projects in Thailand
These will be developed by seven hotel groups.
Krungsri teams up with Invesco to enhance advisory and wealth services
Krungsri aims to build "a multi-asset discretionary portfolio management platform."
SCB Wealth unveils CardX collab card with up to 40% shopping discount
It offers Dine 3, Pay 2 offers and special miles rates, subject to conditions.
KBank and Shizuoka mark 15 years of cooperation
The two banks have helped over 300 Japanese companies expand in Thailand.
Thai finance firms’ profit up 9% to $190.7m on more loans
Sawad and Tidlor saw credit costs rise in Q4.
Thailand finance sector shrugs off oil shock: UOBKH
Whilst US oil prices rose to $86.4 by 10 March, Thai oil prices only inched up 1.6%.
SME loan 4.1% slump weighs on Thai bank earnings
Overall credit outstanding fell 1.1% year on year across licensed banks and subsidiaries.
Krungsri, Thai stock exchange push SETCarbon platform for SMEs’ green transition
The platform is now used by 380 organisation, with 85% being listed companies.
Krungsri names Chayathip Phanmanee as head of Krungsri Auto Group
Phanmanee implemented debt restructuring policies during the COVID-19 period.
SCB expands cardless withdrawals to 9,200 ATMs with new partners
SCB first introduced cardless ATM withdrawal services in 2021.
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