Thailand

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

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

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

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

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

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

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

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

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

Q4 2021 net profit rose to $330m.

Net profit is 23.6% higher compared to 2020.

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

BOT is aiming to issue the new guidelines by June.

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

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

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