Banking & Finance

Paul Wong Chee Kin, President and Chief Executive Officer, CIMB Thai Bank PCL (CIMB Thai) commented on the unaudited consolidated financial results for the six months ended June 30, 2024.

SCB X Public Company Limited (SCBX) reported a consolidated net profit of 10 billion baht for Q2 2024, a 15.6% YoY decrease. For the first half of the year, net profit was 21.3 billion baht , down 6.9% YoY.

Krungsri (Bank of Ayudhya PCL and its business units) posts a net profit of 15.75 billion baht for H1 2024, a 7.9% YoY decline due to increased prudential provisions. Operating profit growth was driven by revenue from 2023 ASEAN acquisitions and higher domestic income.

SCB Asset Management (SCBAM), Thailand’s largest asset manager, has maintained its ‘Excellent(tha)’ National Investment Management Quality Rating (IMQR) from Fitch Ratings, according to a press release issued on Monday.

Finance Ministry preps new rules for ESG funds and state-owned securities

Banks introduce stricter lending protocols and focus on debt collection as household debt continues to soar

Krungsri (Bank of Ayudhya PCL) reaffirms its commitment to being “The Leading Sustainable and Regional Bank” by joining forces with leading partners, to organise the Japan-ASEAN Startup Business Matching Fair 2024.

Fitch Ratings has revised the Thai banking sector outlook to neutral from improving, as the subdued pace of economic recovery is likely to limit earnings upside.

Sluggish economy blamed on lack of liquidity due to delays in disbursement of fiscal 2024 budget

The Crown Property Bureau (CPB) and Siam Commercial Bank (SCB) continue to promote community market development by introducing financial technology that will ready communities and small entrepreneurs to welcome QR payments from local shoppers and international tourists.

Siam Commercial Bank (SCB) intends to apply artificial intelligence (AI) to advance operations, aiming to boost digital income to 25% by 2025 compared to 9.9% in the first quarter of this year, the bank said on Friday.

Thailand’s household debts at the end of first quarter of 2024 amounted to 16.3 trillion baht, with 1.09 trillion baht classified as non-performing loans (NPLs) from having defaulted for more than 90 days, the National Credit Bureau (NCB) reported on Monday.

Creating a strong presence with a distinct identity, strengthening security to maintain trust, and not ignoring social media are all factors that digital payment solution providers must embrace if they are to stand out and thrive in the industry, said leading CEOs and experts at the first Money20/20 Asia in Bangkok in the last week of April.