Thailand
Siam City-Thanachart merger on target
SCIB chief is optimistic that the combined 679 branches will provide room for further expansion.
Siam City-Thanachart merger on target
SCIB chief is optimistic that the combined 679 branches will provide room for further expansion.
Bangkok Bank Q1 2010 profit up 24%
Analysts believe net profit growth at $187mln may be sustained due to economic rebound.
Siam Commercial Bank seeks tapping corporate customers
Lender sees high-value financial services as vital scheme to strengthen bank’s profitability amidst fierce competition.
Krung Thai sees loan growth exceeding 7% target
Yet lender decided to focus on short-term loans amidst nation's continuing political uncertainties.
Thanachart acquires $1bln Siam City stake
Purchase of 47.6% stake in SCB has given Scotiabank avenue to expand in Thailand.
Principal Financial eyes Thailand operations through CIMB tie-up
US company seeks mutual fund and asset management business as it targets 20% growth overseas market.
Siam City Bank stake deal set for signing
Sources said Thanachart Bank had $984mln bid to acquire 48% of SCB from Bank of Thailand.
CIMB Thai eyes selling unit stake to parent
100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.
Siam Commercial retains strict requirement on personal loans
Minimum monthly income of $452 is still required by lender for personal loans and credit cards.
Thanachart is top bidder for Siam City stake
A person familiar with the deal said Thanachart offered $984.3 million for the SCIB's 47.6 percent stake.
HSBC, Thanachart among the remaining Siam City bidders
Lenders still eager to acquire 47.6 percent stake in Siam City after three other bidders quit.
Krung Thai Bank launches E-Cheque service
Krung Thai Bank has developed electronic money transfer innovation for payment of goods.
Siam City's suitors to submit final bids
HSBC and KDB compete to seize the chance of extending operations in the under-banked country.
Arnold appointed President of Bank of Ayudhya
Mr Mark Arnold succeeds Bank of Ayudhya's former President and CEO, Mr Tan Kong Khoon. He had announced his wish to step down from his role on 31 December 2009 as his term expires early 2010.
Krung Thai eyes 30% surge in fee income
Lender's optimism extends to its expansion plans and growth in consumer loans.
SCB nets US$630.6 million for 2009
SCB reported a 2009 net profit of US$630.6 million--almost at par with the record high set in 2008. In addition, the Bank reported a resumption of loan growth at 2.5 percent, significantly higher fee income at 10.9 percent.
Siam City seeks completion of 47.58% stake divestment
Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.
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