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.
18 hours ago
Krungsri and Schneider Electric promote energy efficiency in SMEs
They will develop advanced energy technologies alongside financial solutions in Thailand.
1 day 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.
1 day 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.
2 days ago
Thailand names three successful virtual bank applicants
They will need to begin business operations by June 2026.
2 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 advises that fintechs must align tech investments with business goals and evolving customer expectations.
