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Thai banks’ sector outlook revised to neutral on slow recovery
Thai banks’ sector outlook revised to neutral on slow recovery
THURSDAY, JUNE 20, 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.Bank branches aren’t dead, but a new model is needed
Bank branches aren’t dead, but a new model is needed
WEDNESDAY, JULY 03, 2019
One might look at the steep decline in the numbers of bank branches in Thailand and other countries in recent years, and can't help to think that their future is doomed, particularly when considering that much of the world is moving towards all sorts of digital transactions, automated investment devices and cashless payments.TMB launches first 'multi-currency account'
TMB launches first 'multi-currency account'
THURSDAY, MAY 23, 2019
TMB on Thursday became the first bank in Thailand to launch "multi-currency account" for exporters and corporate clients.Thanachart Bank posts strong first quarter profits
Thanachart Bank posts strong first quarter profits
THURSDAY, APRIL 18, 2019
Thanachart Bank Public Company Limited reported a net profit of Bt3.65 billion for the first quarter, with pre-tax earnings increasing 18.7 per cent compared to the same period last year.CIMB posts Bt325m profit
CIMB posts Bt325m profit
THURSDAY, APRIL 18, 2019
The CIMB Thai bank said it has significant improvements attributed to growth in operating income and decline in provisions.Govt aims to encourage M&A in banking sector
Govt aims to encourage M&A in banking sector
SUNDAY, AUGUST 12, 2018
The Vietnam government plans not to license any more wholly foreign-owned banks in Vietnam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.Fat profits spur Vietnam banks hiring rush
Fat profits spur Vietnam banks hiring rush
FRIDAY, AUGUST 04, 2017
VIETNAMESE banks have been rushing to bolster their workforces, adding thousands of workers in the first half of the year while reaping impressive profits in the trillions of dong.High provisions mar bank’s profit growth
High provisions mar bank’s profit growth
FRIDAY, JANUARY 20, 2017
THE stubborn economic slowdown last year led banks to increase provisioning against non-performing loans, resulting in total net profit of the 11 listed banks growing by only 4.15 per cent from 2015 to Bt206.52 billion.KTB eyes lending to govt projects as key mechanism for growth
KTB eyes lending to govt projects as key mechanism for growth
THURSDAY, JANUARY 19, 2017
KRUNGTHAI BANK yesterday announced it is supporting government activities and is attempting to create a synergy with national projects in a bid to dominate the relevant targeted segments.