Thailand

Thai bank earnings rise in Q2, but bad loans slated to rise

Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.

3 days ago

Thai bank earnings rise in Q2, but bad loans slated to rise

Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.

3 days ago

KASIKORNBANK’s stake buy of PT Bank Maspion unlikely to dent strength: Fitch

Thai banks are on an expansion spree overseas amidst weak chances domestically.

Thailand bank loans up 6.9% in Q1

Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.

Thailand bars use of cryptos as mode of payment

The government said that digital assets are a threat to the nation’s financial system.

Thai banks bad loans will rise to highest since GFC: S&P

Regulatory forbearance is only delaying the inevitable, the ratings agency warned.

Maybank reports $1.93b net profit for FY2021

Q4 2021 net profit rose to $330m.

Thailand banking system rallies to higher profits in 2021

Net profit is 23.6% higher compared to 2020.

Thailand banks’ loans grew 6.5% in 2021

But gross non-performing loans rose slightly during the year.

Thailand to issue virtual bank guidelines and allow fintech investments by lenders: report

BOT is aiming to issue the new guidelines by June.

Siam Commercial Bank joins the Equator Principles Association

SCB joins 128 financial institutions from around the world who are also signatories.

Why Siam Commercial Bank is transforming itself into a fintech group

With its reorganisation, the group plans to expand to a customer base of 200 million.

KBank to eliminate long-term loan for coal power by 2030

KBank is a signatory of the UN's sustainable financing initiative.

Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts

The new entity aims to become a regional fintech conglomerate by 2025.

Relaxed regulation heightens Thailand banks’ systematic risks: S&P

NPL ratio is expected to rise to its highest since the 2009 financial crisis.

New bank players from Thai, Malaysia agreement face limited growth prospects

The latest licensed banks in Thailand have loan market share below 0.5%.

Chart of the Week: Thai card payments market to shrink 3.5% in 2021

Recovery is not expected to begin until end-2022, says GlobalData.

Bank of Thailand base rate to hold through 2022: Fitch

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.