Thailand
Higher costs weigh on Bangkok Bank’s Q2 profit
Higher costs weigh on Bangkok Bank’s Q2 profit
The bank's opex rose 9% from Q1 on accrued expenses and IT-related costs.
Bangkok Bank’s net profit down 16.2% in H1 on lower interest income
Net interest income declined by 12.4% during the six-month period.
Krungsri posts 6.8% profit rise to $501m as AI supply chain fuels corporate lending
Loans inched up just 0.4% overall whilst deposits fell by 2.8% in the H1 period.
Krungsri maps out FX strategy with digital and currency expansion push
The Thai bank said it will deliver more tailored risk management solutions.
Krungthai Card's cautious loan strategy pays off as Q2 profit beats consensus
KTC is reducing its lease receivables and bad loans.
Krungsri rolls out loan for SMEs' larger investments
They can get up to $4.47m with a special interest rate of 3.5% for the first two years.
Thai finance sector profits rise 9% in Q2 ahead of H2 loan expansion
The firms benefited from the cash handout scheme and mild ME conflict impact.
SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services
Settlement is near instant, according to SCB.
Krungsri partners Thailand Post to co-develop financial and insurance products
The Thai bank will use the postal carrier service to develop new offerings.
Thailand SEC seeks tougher AML controls with travel rule for digital assets
The draft requires firms to share customer information with digital asset transfers.
Margin squeeze to hit Thai bank earnings
Loan growth holds up, but CGSI expects weaker profitability across eight lenders in Q2.
Thai banks target $31b wealth market as lending slows
CGSI expects wealth services to become more important over the next three years.
TMBThanachart’s NIM to rise to 2.92% in Q2 as loans shrink
The bank is focusing on higher-yielding loan segments.
Siam Commercial Bank and Sansiri push for 50% paper reduction this year
Sansiri will use SCB's Digital Workflow technology.
Thai cash handout to lift finance company debt collection and asset quality
The campaign will boost mid and low-income earners and alleviate their cost of living.
Bangkok Bank launches café-branch hybrid
It has an exclusive menu and will offer personal financial planning.
Thailand payments forecast shows 36% CAGR through 2032
Cloud-based services are projected to post a 38.58% CAGR from 2024 to 2032.
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