Thailand

Four of Thailand's banks reported robust profits for the third quarter.

Tisco Financial Group reported a net profit of Bt953 million in the third quarter, marking a new quarterly high.

If Maybank acquires a Thai bank, it would be based on terms and an environment that it was comfortable with and would not be purely for the sake of having a representation.

KTB Leasing foresees the retail market to expand sufficiently capable of boosting its loan growth and interest income.

Bangkok Bank is awaiting once China's central bank approval to allow yuna to be used as a settlement currency.

Siam Commercial Bank is aiming to raise its housing loans by Bt120 billion this year, instead of the expected Bt95 billion.

Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.

Krung Thai Card will expand its business into neighbouring countries next year.

News of CIMB's planned acquisition of Bank of Ayudhya stake pushed the shares of CIMB Thai Bank by as much as 23 percent to 2.96 baht.

The jockeying for a share in Thailand's Bank of Ayudhya PCL now involves Singapore's largest bank and one of Malaysia's largest universal banks.

Bangkok Bank will build brand awareness by revamping its retail banking business.

Thai Commercial banks after are questioning four state-owned banks' failure to pay the fee of 0.46 percent of deposits to the Financial Institutions Development Fund.

Bank of Ayudhya has launched a mobile credit-card-payment service for small merchants that does away from using expensive card readers.

GE raised about $462 million through sales of its 7.6% stake in Thailand's Bank of Ayudhya to institutional investors for 14.65 billion baht.

Thailand's banks are expected to lend more to SMEs next year due to new Basel requirements.

Maybank hopes to complete its regional expansion in Southeast Asia by establishing a domestic retail and commercial banking presence in Thailand.