Thailand
TMBThanachart Bank may see loans contract by 1.7% in 2025
TMBThanachart Bank may see loans contract by 1.7% in 2025
Its Q1 net profit dropped 5% compared to the same quarter in 2024.
Krung Thai Bank reports flat net profit growth in Q1
Net interest income and non-interest income were higher than a year ago.
Bank of Ayudhya’s net profit up 20% to $226.9m in Q1
Corporate loans grew by 4.7% during the quarter although SME and retail loans contracted.
Bangkok Bank’s net profit up 19.9% to $380.29m in Q1
Total loans and deposits logged single digit increases during the quarter.
SCB X reports 10.8% higher net profit of $375.66m for Q1
Net interest income fell but fees and other income rose.
Thailand’s finance sector expected to log 5% net profit rise in Q1
However, most finance companies will likely miss loan targets
Krungthai Bank links Thaoil’s FX hedging transactions to ESG
Thaioil can get discounts if it successfully meets its ESG goals.
Thai banks not “materially” affected by Myanmar earthquake
It only brought limited property damage and business disruption to Thailand, Moody’s said.
Krungthai Bank strengthens business position with higher profitability
KTB has notably closed its profitability gap with peers, according to S&P.
SCB, GLN launch cardless ATM withdrawals for Korean tourists in Thailand
Tourists just need to scan a QR code via their app.
SCB X eye more profits from Gen 2 firms as Thai corporates cut bank loans
Its banking services loan portfolio contracted in 2024, whilst those from Gen 2 expanded.
Bangkok Bank, Shell unveil prepaid card for Thai SMEs
They can use the preloaded card to pay for fuel at over 720 Shell service stations
Krungsri Bank launches online bill payment solution for Thai SMEs
SME merchants can accept payments via QR code.
Thai finance operators tone down loan growth targets amidst asset quality concerns
They foresee a weaker-than-expected economic outlook in 2025
Siam Commercial Bank unveils online gold trading service
It offers real-time transactions starting at 0.1 troy ounces.
Siam Commercial Bank targets top wealth manager spot in Thailand
SCB CEO expects Thai assets to exceed $1t by 2028.
Thai digital banks urged to rethink playbook
They should acquire customers from the get-go with profit in mind.
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