Thailand
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
It aims to leverage the $5.2b in new Chinese investments entering Thailand in 2024.
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Thai banks’ net profits rose 5% in Q1
For 2025, the banks are expected to report lower NIMs and a 1% loan contraction.
Bangkok Bank, The Mall Group launch campaign to expand co-branded card customer base
They also plan to develop new products aimed for foreign tourists, especially those from China.
Thailand’s credit and charge card payments to rise 7.1% to $65.6b in 2025
Benefits such as rewards points, discounts, and cashbacks helped push for its growth.
Kiatnakin Phatra Bank can reduce losses on sale of repossessed vehicles
Net profit fell by 30% to THB1.06b in Q1 2025.
TMBThanachart Bank may see loans contract by 1.7% in 2025
Its Q1 net profit dropped 5% compared to the same quarter in 2024.
Krung Thai Bank reports flat net profit growth in Q1
Net interest income and non-interest income were higher than a year ago.
Bank of Ayudhya’s net profit up 20% to $226.9m in Q1
Corporate loans grew by 4.7% during the quarter although SME and retail loans contracted.
Bangkok Bank’s net profit up 19.9% to $380.29m in Q1
Total loans and deposits logged single digit increases during the quarter.
SCB X reports 10.8% higher net profit of $375.66m for Q1
Net interest income fell but fees and other income rose.
Thailand’s finance sector expected to log 5% net profit rise in Q1
However, most finance companies will likely miss loan targets
Krungthai Bank links Thaoil’s FX hedging transactions to ESG
Thaioil can get discounts if it successfully meets its ESG goals.
Thai banks not “materially” affected by Myanmar earthquake
It only brought limited property damage and business disruption to Thailand, Moody’s said.
Krungthai Bank strengthens business position with higher profitability
KTB has notably closed its profitability gap with peers, according to S&P.
SCB, GLN launch cardless ATM withdrawals for Korean tourists in Thailand
Tourists just need to scan a QR code via their app.
SCB X eye more profits from Gen 2 firms as Thai corporates cut bank loans
Its banking services loan portfolio contracted in 2024, whilst those from Gen 2 expanded.
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