Thailand
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Thailand banks’ profits underperform in Q4
Thai banks are expected to see THB130b in new bad loans in Q1, UOBKH warns.
Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy
The bank is scaling up its wealth advisory business to grow fee income.
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Credit costs are expected to remain at a high level in 2024.
Siam Commercial Bank advised to overhaul mobile app: analysts
Its app logged 26 failure occurrences in 2023, UOB Kay Hian analysts said.
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
Bangkok Bank earmarks over $560m for SME loan program
It aims to help Thai SMEs either expand to foreign markets or assist those still impacted by COVID-19.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
Thailand lays out measures to ease household debt crisis
Over 10 million Thai debtors are said to be facing repayment problems.
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Krungsri launches cross-border QR payments to Hong Kong
Travelers need only to pay using the KMA krungsri app.
Prudential partners with CIMB Thai for bancassurance venture
The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.
Krungsri wins Domestic Technology & Operations Bank of the Year - Thailand at ABF Wholesale Banking Awards 2023
Its Krungsri Biz Online platform offers personalised banking solutions for SMEs.
Krungsri clinches five major wins at ABF Retail Banking Awards
Its products and services demonstrate its dedication to supporting customers in achieving their financial goals.
SCB names ex-Citi banker as new SVP and chief wholesale banking officer
Parksuwan has worked for Citi Thailand and HSBC Bank Thailand.
SC Thai to maintain robust capitalisation, but profitability volatile: expert
The bank is expected to receive support from its parent SC in case of times of need
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