Thailand
Krung Thai to extend remote service points
Krung Thai Bank will install remote product selling system in 1,382 service points by the first quarter of next year. The system enables customers to use products and services conveniently, while expediting loans' approval.
Krung Thai to extend remote service points
Krung Thai Bank will install remote product selling system in 1,382 service points by the first quarter of next year. The system enables customers to use products and services conveniently, while expediting loans' approval.
Siam City Bank eyes for better NPL deal
SCIB decides to suspend shedding off $271.7 million of non-performing loans due to low bids.
Maybank disinterested in Siam City Bank stake
Maybank emphasized in an official statement that it will not make any bid for a stake in Siam City Bank.
Thailand to raise $1bln in Siam City sale
Sources say central bank would sell its 48 percent stake as Thai government loosens foreign investments restrictions.
Siam Commercial Bank's growth rate to miss target
Siam Commercial Bank, however, expects 7 percent lending growth due to aggressive moves and better global economy.
Krungthai cites rising number of clients
Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.
Acleda Bank boosts ATM network
Acleda Bank now has 76 ATMs in 51 offices nationwide and 7 outdoor ATMs in Phnom Penh and Siem Reap.
Bangkok Bank ups profits by 3.6%
Bangkok Bank recorded a net profit for the three months to 30 September 30 of US$149.4 million.
Thai banks suffering from political uncertainty
The Thai banking system’s continuous political volatility and economic uncertainty will suppress domestic demand and investment sentiment.
ICBC buys 19.26% stake in ACL
Pursuant to the agreement, the Chinese bank which is the world's biggest lender by market value, will buy Bangkok Bank's ACL Bank shares at 11.5 Thai baht ($0.34) apiece, as reported in China Knowledge. Bangkok Bank is Thailand’s largest lender.
Thanachart Bank to raise $1.2 bln for Siam Bank shares acquisition
Thanachart’s Chairman Banterng Tantivit said in a Reuters report on Oct 6: "It is in preparation in order to buy a stake in SCIB if we win the bid...and the rest will be used to boost our capital base". Under the plan, which got approval from a shareholder meeting Oct. 6, the bank would issue up to 4 billion new shares with a par value of 10 baht each to raise its registered capital to 59 billion baht from 19 billion baht. The share sale might be in one tranche or several tranches, according the bank's statement issued to its shareholders. Banterng declined to disclose the amount of funds for the acquisition until the bank completed due diligence.
Sansiri, SCB tie up to launch credit card
The two companies target to sell 50,000 of Thailand's first housing credit card in the first year of its release.
StanChart Thailand eyes to reduce risk
Stanchart targets US$1 billion worth of secured loans in 2012 by shifting its strategy.
SCB to change focus beyond lending
Despite expecting 3 percent to 5 percent growth in loans this year, SCB executive chairman Vichit Suraphongchai studies ways to upgrade the bank's core system.
Siam Commercial eyes 60,000 high-end clients for new card
Siam Commercial Bank is targeting 60,000 card holders within one year for its new "SCB Beyond Platinum" Credit Card aimed at expanding the high-end customer base. It has a wide range of benefits under the "Always Upgrade" concept catering to all client lifestyles, such as an entitlement of up to 4 times reward points, upgrading of air tickets and hotel accommodations, and many other privileges.
Thai gov't puts Siam City on the block
And the government considers waiving 49 percent rule to allow foreign banks to take a controlling stake.
Bangkok Bank boosts Internet economy with payment options
Thousands of Google AdWords customers across Thailand are getting assistance from Bangkok Bank financial pre-payment options.