Thailand
Thailand’s SCBX names Arak Sutivong as next CEO
Thailand’s SCBX names Arak Sutivong as next CEO
Incumbent CEO Arthid Nanthawithaya’s term will conclude on 31 December 2026.
1 day ago
Krungsri and Schneider Electric promote energy efficiency in SMEs
They will develop advanced energy technologies alongside financial solutions in Thailand.
2 days ago
SCB extends $537.6m credit for SC Asset’s 17 premium housing projects
The bank sees opportunities in high-potential segments in the housing market.
2 days ago
Thai banks’ earnings expected to drop 9% in Q2 on higher credit costs
Kiatnakin Phatra and SCB X will likely log an increase in credit costs.
3 days ago
Thailand names three successful virtual bank applicants
They will need to begin business operations by June 2026.
4 days ago
Krungsri unveils loan for laundromat franchise Otteri
Financing is offered up to 110% of the total investment for a maximum of THB5m.
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
Thai banks’ loans contract 1.3% in Q1 on debt repayments and bad loans
But banks’ profitability improved compared to Q4 2024, the central bank said.
Krungsri to power payments of Thailand’s export-import certificate issuances
Users no longer need to physically visit service centers.
Bangkok Bank, Bangkok Life Assurance offer special deposit rate for life insurance customers
Its 2.5% per annum on top of the normal fixed deposit rates.
TMBThanachart Bank’s net profit down 5.17% to $152.7m in Q1
Earnings per share is THB0.05 for the period.
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
It aims to leverage the $5.2b in new Chinese investments entering Thailand in 2024.
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Thai banks’ net profits rose 5% in Q1
For 2025, the banks are expected to report lower NIMs and a 1% loan contraction.
Bangkok Bank, The Mall Group launch campaign to expand co-branded card customer base
They also plan to develop new products aimed for foreign tourists, especially those from China.
Thailand’s credit and charge card payments to rise 7.1% to $65.6b in 2025
Benefits such as rewards points, discounts, and cashbacks helped push for its growth.
Kiatnakin Phatra Bank can reduce losses on sale of repossessed vehicles
Net profit fell by 30% to THB1.06b in Q1 2025.
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He emphasised that balancing innovation with sustainability is now key to fintech’s growth trajectory.
