Thailand
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
Thai broker KKPS, Nasdaq ink deal for banking and brokerage risk platform
KKPS is expected to benefit from a rapid onboarding process.
Thai banks brace for a rise in loan defaults in 2024: analyst
The sector grapples with elevated costs and weak loans, S&P said.
Alipay+ adds 9 int’l e-wallets to Thai ecosystem ahead of CNY
A large number of the 1 million tourists visiting Thailand for the holidays are from China.
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Thailand banks’ profits underperform in Q4
Thai banks are expected to see THB130b in new bad loans in Q1, UOBKH warns.
Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy
The bank is scaling up its wealth advisory business to grow fee income.
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Credit costs are expected to remain at a high level in 2024.
Siam Commercial Bank advised to overhaul mobile app: analysts
Its app logged 26 failure occurrences in 2023, UOB Kay Hian analysts said.
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
Bangkok Bank earmarks over $560m for SME loan program
It aims to help Thai SMEs either expand to foreign markets or assist those still impacted by COVID-19.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
Thailand lays out measures to ease household debt crisis
Over 10 million Thai debtors are said to be facing repayment problems.
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Krungsri launches cross-border QR payments to Hong Kong
Travelers need only to pay using the KMA krungsri app.
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