Thailand
Thai banks called to supercharge profitability by enacting future-oriented strategy
They’ve lagged behind their peers, with market cap falling to just 8% of ASEAN.
Thai banks called to supercharge profitability by enacting future-oriented strategy
They’ve lagged behind their peers, with market cap falling to just 8% of ASEAN.
Thailand banks’ loans up 5.3% in Q3
Corporate loans rose from a year ago and consumer loans also grew.
Thailand’s Beam raises $2.5m in seed funding
Beam offers a one-click checkout solution for seamless payments.
Thailand’s KBank earmarks $5.53b for sustainable funding, loans
The bank says it will grant the funding and loans to 1.9 million small pocket customers.
Thai banks face shrinking margins, ballooning costs amidst economic woes: analyst
Thailand can’t rely on tourism to buoy reserves.
Thai banks’ recovery besieged by inflation, weakening currency: S&P
The tourism hit has affected income levels, which would borrowers’ ability to pay.
Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report
SCBX said that Bitkub needs time to fix its issues with the local regulator.
Recovering business activity props up Thai banks’ revenues
Credit costs will remain elevated in the long-term, however.
Thailand plays catch up with global green finance goals
Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.
SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand
SMBC will introduce clients entering or expanding in Thailand to the EECO.
Tourism woes hurt Thailand banks’ loans
The restructuring will only provide temporary relief, not solve the problem.
Thai bank earnings rise in Q2, but bad loans slated to rise
Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.
KASIKORNBANK’s stake buy of PT Bank Maspion unlikely to dent strength: Fitch
Thai banks are on an expansion spree overseas amidst weak chances domestically.
Thailand bank loans up 6.9% in Q1
Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.
Thailand bars use of cryptos as mode of payment
The government said that digital assets are a threat to the nation’s financial system.
Thai banks bad loans will rise to highest since GFC: S&P
Regulatory forbearance is only delaying the inevitable, the ratings agency warned.
Maybank reports $1.93b net profit for FY2021
Q4 2021 net profit rose to $330m.
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