Thailand
Chart of the Week: Thai banks put up fight against telcos in e-wallet war
Lenders will snap up half of the market in the next four years.
Chart of the Week: Thai banks put up fight against telcos in e-wallet war
Lenders will snap up half of the market in the next four years.
Citibank Thailand completes acquisition of TISCO's consumer portfolio
The bank has added over 130,000 new accounts and $150m in receivables.
Chart of the Week: Have Thai banks' credit costs peaked?
Credit costs have been on a steep uptrend in the past four years.
CIMB Thai moves to beef up thin capital buffers
It is planning to increase its capital by $120m through a rights issue.
Kasikornbank ties up with state postal service agency to tap the rural unbanked
Customers will soon be able to deposit cash at post offices.
Thailand moves forward in wholesale digital currency development plan
The first phase will be completed by Q1 2019.
Mega infra projects to boost Thai banks loan growth to 5% in 2018
Around $14b worth of construction projects will break ground this year.
Kasikornbank ties up with DBS to extend funds transfer service to Singapore
The bank's inward fund transfer system can accommodate $45,085 at a time per day.
Krungsri taps on IBM for digital transformation
The deal is worth $140m.
Thailand's Big 4 onboard SWIFT gpi for faster cross-border payments
They join around 10,000 other banks on the platform.
Krung Thai Bank and Kasikornbank hit by data leak
However, no financial damage has been found.
Can Thai banks keep their bad loan woes at bay?
Lending to SME operators will keep NPL formation levels elevated.
Krung Thai Bank profit balloons 140% to $230.26m in Q2
A sharp decline in provisions, which fell by half, buoyed earnings.
TMB Bank profit down 13% to $60.07m in Q2
Lending to SME weakened amidst an economic slowdown.
Thailand and Cambodia to launch QR code payment system
This will streamline the cross-border fund transfer process.
Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2
Krung Thai Bank’s net profit more than doubled to $230.08m.
7-Eleven stores in Thailand to start offering banking services
The convenience store operator is aiming to be a commercial bank agent.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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