Thailand
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
Thai fintech SYNQA raises $80m in series C funding round
SCB 10X and SPARX Group led the funding round.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
Volatility spells investment losses for Thai non-bank financial firms
Higher NPLs and credit costs may set in once measures expire.
Thai banks' Q1 earnings down 8% YoY to $1.12b
The sector saw a 20-25bps growth in loan yield.
Krung Thai Bank's Q1 net profit slips 17% YoY to $187m
Higher provisions against rising NPLs triggered the fall.
Hurdles ahead for Thai banks as Q1 profit drops 13%: analyst
Loan demand and NIMs are under threat because of the pandemic.
Open source drives digital banking fanfare in ASEAN
Traditional banks are embracing open source solutions and reaping the benefits of increased market agility.
Thai central bank to monitor US Fed rate cut
It is expected to further slash its benchmark interest rate of 1%.
Siam Commercial Bank face dampened 2020 growth prospects: analyst
NPL ratio will likely rise to 3.7% this year.
ASEAN lenders on the defense amidst oil volatility, COVID-19
Falling visibility is evident despite lower prices and stimulus measures.
Krung Thai Bank faces headwinds over sluggish loan demand
Net loan growth rose 0.9% in January versus a 1.6% increase in December.
COVID-19 pushes Thai asset manager to the top
Bangkok Commercial Asset Management’s shares ballooned by 74% this year.
Thai banks' loan growths, asset quality may dwindle due to coronavirus
Profit levels, strong capital, and good coverage ratios may soften short-term impacts.
Thai banks on an overseas buying spree
But this could reduce their capital buffers and create additional risks.
Thai banks' net profits expected to grow 27% in Q4 2019
But earnings are down 6% over the same period due to higher operating expenses.
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
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