Thailand
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
Ant International unveils microlending service bettr
It has partnered with Thailand’s AWC to start.
UOB Thailand ushers in new CEO
Richard Maloney will begin his role on 1 July.
Siam Commercial Bank shares crisis lessons from pandemic
The bank’s early investment in tech helped it grow its digital customer base to 17 million.
Thailand’s central bank appoints new assistant governors
The four individuals promoted were previously senior directors for different teams.
Citi names ex-BNP Paribas banker as new head of markets for Thailand
Nattaphan Assavavisessivakul was head of global markets and ALM Treasury at BNP Paribas.
Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch
This is due to suspension of electrical supply.
China, Thailand ink MOU to enhance local currency use
They will also promote cross-border payment and settlement.
KBank Private Banking, EQT Partners unveil new private equity fund
The minimum investment is THB500,000 with an 18 month lock-up period.
Thai central bank’s digital payments on ‘top of the world’
The Bank of Thailand is eyeing to expand connectivity with more countries.
Alipay+ and Thai tourism body launch D-Hub program for Chinese tourists
Over 2.35 million Chinese tourists visited Thailand in January to April 2024.
Thailand’s central bank appoints three new senior roles
Two deputy governors are rotating while one assistant governor is moving up.
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.
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Technology to underpin future of financial services
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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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