Thailand

Bank of China started operating its Phnom Penh Branch, making it the first lender from China in Cambodia. It also became the Kingdom's 30th commercial bank.

Bangkok Bank has recorded a consolidated net profit for the first quarter of 2011 of Baht 6.6 billion.

Krung Thai Bank's profits in the first quarter of 2011 is up 79% to 5,489 million baht.

TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.

The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.

The lender also plans to issue $990.59mn in bonds to strengthen capital.

Japan's disaster and high uncertainty in the world economy prompted local and foreign investors to focus on short-term bonds.

SCB will divest its shareholding in SICCO through a public auction. With this process, Siam Commercial Bank will ensure that it openly canvasses a broad range of buyer as is possible in the shortest possible time frame and with a transparent process.

The lender aims to rev up operations behind lackluster Thailand economy as its parent company’s overseas operations expected to benefit from the region's booming economic growth.

CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.

Kasikornbank is warning against gangs deceiving customers by claiming to  be officials of the Revenue Department, courts, police, and financial institutions.

Thanachart Bank has completed the purchase of shares of Siam City Bank.

The Charoen Pokphand Group will acquire financing totaling 1.47 billion from eight local banks to support its business expansion plans.

Kasikornbank enhanced its business partnership with Shizuoka Bank by connecting the financial service networks of the two banks. It's aim is to increase financial transactions by 4 billion Baht and becoming the top Thai bank serving Japanese customers.

Krung Thai Bank is going to reduce its outside area transfer and withdrawal’s fee to 15 baht for customers conducting transactions through the Bank’s ATMs and ADMs.

SCB announced ts SME lending strategies for 2011, highlighting a diverse range of innovative credit programs and attractive promotional campaigns all year round.