Thailand
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.
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.
Bangkok Bank posts $606M net profit
Bangkok Bank increased its net profit in 2009 by 0.02 percent to US$606 million. Profit before provisioning and tax amounted to US$1.085 billion, 0.7 percent higher than 2008.
Krung Thai Q4 profit rises beyond expectation
9.5 percent increase is eyed to get rosier this year due to stimulus package.
Siam Commercial plans opening China operations in 2011
Lender targets profiting from Chinese small and medium enterprises as it ventures in the country.
Bangkok Bank eyes growth in loans to SMEs
Expected increase in small-sized loans prompts bank to focus on SME loans in 2010.
Maybank Cambodia eyes early turnaround for 7th branch
Maybank is targeting a turnaround in the second year of operation for its new Toul Kork branch.
CIMB Thai appoints Phasukvanich as Chairman
Chakramon Phasukvanich takes over from Dato’ Robert Cheim Dau Meng as Chairman of the Board of Directors of CIMB Thai with effect from 1 January 2010.
Bangkok Bank positive loans 2010 growth of 3-4%
Intensified lending to small and medium businesses and economic rebound give Bangkok Bank reason to cheer.
Siam Commercial Bank sustains financial profile
Siam Commercial Bank has maintained its strong financial profile despite political unrest and export contraction that has hit the Thai economy. This is according to Standard & Poor's credit analyst Geeta Chugh, who added that SCB's financial profile remains the strongest among its domestic peers. The bank's business profile also strengthened with about a 15 percent market share of deposits.
Krung Thai to extend remote service points
Krung Thai Bank will install remote product selling system in 1,382 service points by the first quarter of next year. The system enables customers to use products and services conveniently, while expediting loans' approval.
Siam City Bank eyes for better NPL deal
SCIB decides to suspend shedding off $271.7 million of non-performing loans due to low bids.
Maybank disinterested in Siam City Bank stake
Maybank emphasized in an official statement that it will not make any bid for a stake in Siam City Bank.
Thailand to raise $1bln in Siam City sale
Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.
Siam Commercial Bank's growth rate to miss target
Siam Commercial Bank, however, expects 7 percent lending growth due to aggressive moves and better global economy.
Krungthai cites rising number of clients
Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.
Acleda Bank boosts ATM network
Acleda Bank now has 76 ATMs in 51 offices nationwide and 7 outdoor ATMs in Phnom Penh and Siem Reap.
Bangkok Bank ups profits by 3.6%
Bangkok Bank recorded a net profit for the three months to 30 September 30 of US$149.4 million.
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