Thailand

Myanmar opens door to foreign credit cards

Myanmar has granted permission to Visa, MasterCard, China UnionPay and Japan Credit Bureau to do business in the country.

Myanmar opens door to foreign credit cards

Myanmar has granted permission to Visa, MasterCard, China UnionPay and Japan Credit Bureau to do business in the country.

Krirk-kiat, key figure in '97 financial crisis, dies at 63

Krirk-Kiat Jalichandra, the former president of defunct Bangkok Bank of Commerce had suffered from lung cancer for years, has died.

CIMB Thai net profit up 66%

CIMB Thai recorded a 66 percent increase in net profit with 1.4 billion baht for the nine months of this year.

Bangkok Bank to expand in Myanmar

Bangkok Bank plans to increase its bank partnerships in Myanmar from four, in line with higher investing demand from Thai customers.

Four Thai banks report strong Q3 earnings

Four of Thailand's banks reported robust profits for the third quarter.

Thailand's Tisco looks to break Q3's record net

Tisco Financial Group reported a net profit of Bt953 million in the third quarter, marking a new quarterly high.

Maybank likes Thailand but has other priorities

If Maybank acquires a Thai bank, it would be based on terms and an environment that it was comfortable with and would not be purely for the sake of having a representation.

Krung Thai Bank Leasing targets more retail market share

KTB Leasing foresees the retail market to expand sufficiently capable of boosting its loan growth and interest income.

Bangkok Bank wants broader use of Yuan as settlement currency

Bangkok Bank is awaiting once China's central bank approval to allow yuna to be used as a settlement currency.

Siam Commercial Bank raises 2012 growth projection for mortgages

Siam Commercial Bank is aiming to raise its housing loans by Bt120 billion this year, instead of the expected Bt95 billion.

Myanmar's banking system vulnerable to rumors

Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.

Krung Thai Cards prioritizes Laos in regional expansion

Krung Thai Card will expand its business into neighbouring countries next year.

CIMB Thai shares bolstered by Bank of Ayudhya buy report

News of CIMB's planned acquisition of Bank of Ayudhya stake pushed the shares of CIMB Thai Bank by as much as 23 percent to 2.96 baht.

OCBC and CIMB show interest in Bank of Ayudhya

The jockeying for a share in Thailand's Bank of Ayudhya PCL now involves Singapore's largest bank and one of Malaysia's largest universal banks.

Bangkok Bank to fortify retail banking business

Bangkok Bank will build brand awareness by revamping its retail banking business.

Thai commercial banks demand level playing field vs state banks

Thai Commercial banks after are questioning four state-owned banks' failure to pay the fee of 0.46 percent of deposits to the Financial Institutions Development Fund.

Thailand's BAY offers alternative to card readers

Bank of Ayudhya has launched a mobile credit-card-payment service for small merchants that does away from using expensive card readers.