Thailand

Bangkok Bank launched a range of China Yuan  transaction services to help serve the expansion of trade and investment between Thailand and China.

Bangkok Bank and Asian Property Development celebrated the success of the sale of the company’s 3.6-year debentures of Baht 1.5 billion.

Krung Thai Bank reported a net income of 10,730 million baht, its highest semiannually net income in 16 years.  Its quarterly net income soared 55% year-to-year to 1,868 million baht.

The service will ease payment of SME owners and will allow the lender to expand customer base and product cross-selling.

Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.

Maybank hopes to operate a bank in Thailand, said its president/CEO, Datuk Seri Abdul Wahid Omar.

With Thai government’s backing the lender will tap its regional network to bolster SMEs’ expansion.

Bangkok Bank has signed an MOU, agreeing to provide a full range of financial services, called 'Smart Chaqin Solution", to PTTPM business partners.

Siam Commercial Bank has been appointed as the mandated lead arranger for a 4.01-billion-baht syndicated loan with Krung Thai Bank to Index living Mall.

SCB has received approval on its plan to acquire SICCO's business by making a tender offer to purchase all securities of SICCO and the latter's delisting from the Stock Exchange of Thailand.

Bangkok Bank and the Japan Bank for International Cooperation will help Japanese companies in Thailand with a new lending program called "Two Step Loan."

The German lender said its government bond trading and other business activities in Thailand remain unaffected.

Confident of better second quarter after strong $92 mn first quarter profit as it sticks to loan target.

Krung Thai Bank introduced a special campaign to debtors under the government’s debt refinancing scheme for credit cards making a payment punctually.

Bangkok Bank and Ramathibodi Hospital will join forces to offer the “Rama Smart Card” to Ramathibodi Hospital staff and patients.

Bangkok Bank and Kasikornbank Senior signed a contract for the banks to provide financial support of Baht 7.9 billion for Amata B.Grimm Power to build power plants.