Thailand
Thailand banking system rallies to higher profits in 2021
Net profit is 23.6% higher compared to 2020.
Thailand banking system rallies to higher profits in 2021
Net profit is 23.6% higher compared to 2020.
Thailand banks’ loans grew 6.5% in 2021
But gross non-performing loans rose slightly during the year.
Thailand to issue virtual bank guidelines and allow fintech investments by lenders: report
BOT is aiming to issue the new guidelines by June.
Siam Commercial Bank joins the Equator Principles Association
SCB joins 128 financial institutions from around the world who are also signatories.
Why Siam Commercial Bank is transforming itself into a fintech group
With its reorganisation, the group plans to expand to a customer base of 200 million.
KBank to eliminate long-term loan for coal power by 2030
KBank is a signatory of the UN's sustainable financing initiative.
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
The new entity aims to become a regional fintech conglomerate by 2025.
Relaxed regulation heightens Thailand banks’ systematic risks: S&P
NPL ratio is expected to rise to its highest since the 2009 financial crisis.
New bank players from Thai, Malaysia agreement face limited growth prospects
The latest licensed banks in Thailand have loan market share below 0.5%.
Chart of the Week: Thai card payments market to shrink 3.5% in 2021
Recovery is not expected to begin until end-2022, says GlobalData.
Bank of Thailand base rate to hold through 2022: Fitch
This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.
SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes
Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.
Thailand’s KBank unveils sustainability fund for institutional clients
K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.
Thai payment service provider GB Prime Pay now accepts JCB
The partnership expands the online merchant payment network in Thailand.
Strong IPO turnout buoys Thailand's investment banks in 2020
Market rebounded in H2 2020 and raised higher capital compared to 2019.
KASIKORNBANK arranges first credit facility using new Thai Overnight Repurchase Rate
Holding company Central Group received more than $20m under the credit facility.
Thailand IPO boom to buoy Siam Commercial Bank's bottom line
The country is Asia's second most active IPO market in 2020.
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