Thailand

Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report

SCBX said that Bitkub needs time to fix its issues with the local regulator.

Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report

SCBX said that Bitkub needs time to fix its issues with the local regulator.

Recovering business activity props up Thai banks’ revenues 

Credit costs will remain elevated in the long-term, however.

Thailand plays catch up with global green finance goals

Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.

SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand

SMBC will introduce clients entering or expanding in Thailand to the EECO.

Tourism woes hurt Thailand banks’ loans

The restructuring will only provide temporary relief, not solve the problem.

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.

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.

Thailand banks’ loans grew 6.5% in 2021

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

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.