Thailand
TMB first quarter results reflect quality growth
TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.
TMB first quarter results reflect quality growth
TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.
Siam Commercial Bank sees better first quarter profit
The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.
CIMB Thai targets 20% loan growth
The lender also plans to issue $990.59mn in bonds to strengthen capital.
Foreigners’ investment in short-term bonds in Thailand up by $2.55bn
Japan's disaster and high uncertainty in the world economy prompted local and foreign investors to focus on short-term bonds.
Siam Commercial to auction shareholding in SICCO
SCB will divest its shareholding in SICCO through a public auction. With this process, Siam Commercial Bank will ensure that it openly canvasses a broad range of buyer as is possible in the shortest possible time frame and with a transparent process.
UOB Thai targets 20% business surge due to low base
The lender aims to rev up operations behind lackluster Thailand economy as its parent company’s overseas operations expected to benefit from the region's booming economic growth.
CIMB Thai posts $27M net profit in 2010
CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.
KBank warns against gangs demanding ATM money transfers
Kasikornbank is warning against gangs deceiving customers by claiming to be officials of the Revenue Department, courts, police, and financial institutions.
Thanachart-SCB integration to create top 5 bank
Thanachart Bank has completed the purchase of shares of Siam City Bank.
CP Group acquires $1.47B expansion loans from 8 Thai banks
The Charoen Pokphand Group will acquire financing totaling 1.47 billion from eight local banks to support its business expansion plans.
Kasikornbank extends financial facilities to Japanese businessmen
Kasikornbank enhanced its business partnership with Shizuoka Bank by connecting the financial service networks of the two banks. It's aim is to increase financial transactions by 4 billion Baht and becoming the top Thai bank serving Japanese customers.
KTB to cut on outside area fee rate
Krung Thai Bank is going to reduce its outside area transfer and withdrawal’s fee to 15 baht for customers conducting transactions through the Bank’s ATMs and ADMs.
SCB unveils 2011 SME lending strategies
SCB announced ts SME lending strategies for 2011, highlighting a diverse range of innovative credit programs and attractive promotional campaigns all year round.
KTB to move ahead into insurance market
KTB has joined hands with KTB-AXA to develop new life insurance products to welcome the year of golden rabbit. Ms. NongNutch Thienpaitoon, Senior Executive Vice president, Managing Director, Network group, Krung Thai Bank PCL. discloses that the Bank and KTB-AXA has together developed several full range products including short, medium, and long term life insurances to answer clients from every generation ’ needs.
SCB strengthens retail banking through 3 promotions
Siam Commercial Bank has promoted Ms. Pikun Srimahunt to Executive Vice President of the Mortgage Business Division. It also promoted Ms Sanannart Kulpaisantham to Executive Vice President of the SSME Business Division, and Ms Jamaree Ketrakool to Executive Vice President of the Retail Credit Division, with immediate effect.
Bangkok Bank reports 2010 net of $808M
Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.
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