Thailand
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.
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.
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.