Thailand

Siam Commercial Bank inks MOU with Thailand Privilege Card

It will provide financing and investment services to card members.

Thailand’s banking system loans contract 2% in Q3

Loans to petrochemical, electronic, and automotive sectors fell.

Siam Commercial Bank offers 0% interest solar panel installation packages

The package includes solar panels, inverter equipment, and installation.

Siam Commercial Bank, Praram 9 Hospital to develop ESG-aligned financial products

Praram 9 Hospital is the first private hospital to join the Sustainability Deposit initiative.

Citi unveils real-time 24/7 liquidity mgmt solution in Thailand

With 7-Day Sweeps, cash concentration capabilities are extended to non-business days.

Export-Import Bank of Thailand faces elevated asset quality risk, profit pressures

Its gross NPL ratio rose whilst profitability declined in the first half of 2024.

Bangkok Bank reports $358.91m net profit for Q3

Earnings per share is THB6.54 for the period that ended on 30 September 2024.

Thai banks to fall short of loan growth targets in 2024: analyst

Banks have a cautious stance as their lending policy for Q4.

Siam Commercial Bank unveils cross-border payments using stablecoin

Stablecoins will be used for settlements of payments and remittances.

TMBThanachart Bank sees 11% net profit growth in Q3

Net interest margin (NIM) may rise 4 basis points after a central bank rate cut.

SCB X sees 0.9% dip in 9M 2024 net profit on lower loans, fee income in Q3

Its third quarter net profit is 13.2% higher than in Q3 2023, however.

Bangkok Bank logs net profit of $1.05b for 9M 2024

Net income interest and non-interest income both rose during the period.

Thailand’s Kasikorn Bank expects credit costs to normalize in 2025

The bank says that it will end its loan portfolio clean up this year.

Siam Commercial Bank’s Mae Manee App to undergo maintenance

It will be unavailable for a few hours each on October 11-12, 2024.

Flooding impact on Thai banks ‘manageable’

Only a small number of branches have been affected.