Thailand

SCB has received approval on its plan to acquire SICCO's business by making a tender offer to purchase all securities of SICCO and the latter's delisting from the Stock Exchange of Thailand.

Bangkok Bank and the Japan Bank for International Cooperation will help Japanese companies in Thailand with a new lending program called "Two Step Loan."

The German lender said its government bond trading and other business activities in Thailand remain unaffected.

Confident of better second quarter after strong $92 mn first quarter profit as it sticks to loan target.

Krung Thai Bank introduced a special campaign to debtors under the government’s debt refinancing scheme for credit cards making a payment punctually.

Bangkok Bank and Ramathibodi Hospital will join forces to offer the “Rama Smart Card” to Ramathibodi Hospital staff and patients.

Bangkok Bank and Kasikornbank Senior signed a contract for the banks to provide financial support of Baht 7.9 billion for Amata B.Grimm Power to build power plants.

RHB eager to buy Thai banks to take advantage on the robust growth in the country's banking sector.

The lender attempts to capture Thailand, which it calls ‘the place’ in Asia for seizing growth opportunities in the region.

The company is optimistic that Asia’s economic growth, while Asian currencies appreciate as against weakening US dollar will drive company’s earnings up.

Yet despite strong loan growth, the bank's net interest margin for the first quarter was 3.14%, below the expected 3.2%.

Phongsavanh became the first private bank in the Lao PDR to provide services for VISA and MasterCard.

BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.

The lender is cautiously positive in expanding in China as its central bank tightened banking reserve requirement to avert possible overheating of economy.

Krungthai Bank rolled out an innovative Internet-based banking service under the name KTB netbank.

Bangkok Bank has introduced a special 15-month fixed deposit account offering an interest rate of 3.00 percent per annum, paying interest at the end of the deposit period.