Thailand
Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices
Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices
Used cars make up 62% of the bank’s hire purchase loans.
Thailand’s TMBThanachart Bank eyes higher dividend payouts in 2024: analyst
The bank’s net profits rose 24% in Q1 compared to a year ago.
SCB X reports 2.6% higher net profit of $305.43m in Q1
Net interest income rose by fees and other income dropped.
Thailand’s TISCO maintains strict credit policy as car loans fall
It will maintain its high dividend payout but won’t heed calls to raise it, analysts said.
Thailand’s Krungthai Bank temporarily closes two branches
They will resume normal operations on 22 April.
Bangkok Bank bookmarked $1.09b in cash for Songkran 2024
The cash was expected to have served over 8,000 ATMs and branches.
Bangkok Bank’s large credit reserves lends stability to problem loans
The bank is expected to maintain strong solvency and liquidity.
EXIM Thailand inks MOU with SINSOURE; to provide risk, investment support
It aims to facilitate market penetration for Thai and Chinese exporters.
Bangkok Bank unveils financing service for gold traders
It has partnered with InterGold Gold Trade Co. to launch an online lending service to gold traders.
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
Thai broker KKPS, Nasdaq ink deal for banking and brokerage risk platform
KKPS is expected to benefit from a rapid onboarding process.
Thai banks brace for a rise in loan defaults in 2024: analyst
The sector grapples with elevated costs and weak loans, S&P said.
Alipay+ adds 9 int’l e-wallets to Thai ecosystem ahead of CNY
A large number of the 1 million tourists visiting Thailand for the holidays are from China.
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Thailand banks’ profits underperform in Q4
Thai banks are expected to see THB130b in new bad loans in Q1, UOBKH warns.
Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy
The bank is scaling up its wealth advisory business to grow fee income.
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