Thailand

Private banks in Myanmar have begun rolling out ATMs with more ambitious plans are in the works.

Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.

Korean banks are luring new customers by offering them great deals.

Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas.

Thailand's third-largest bank by assets is raising its outstanding bond ceiling by US$3.2 billion.

Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.

Kiatnakin Bank plans to complete its merger with Phatra Capital by August, with revenue from the integrated business to be recognised by the fourth quarter.

Thai banks are eyeing to operate in Myanmar when the latter's policy of opening to international banks takes effect on 2015.

Kasikornbank and CIMB Bank Thai will temporarily suspend electronic banking services this weekend for a major systems upgrade.

BCEL's initial unaudited profit for 2011 is a 70 percent increase over the 2010 audited figure.

Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.

The Anti-Money Laundering Office will explain Thailand's position after the Financial Action Task Force labelled the country "high-risk".

The Kasikorn Group will lend Dongfeng Automobile more than US$9.85 million as the latter builds its presence in Thailand.

Thailand's commerce minister Kittiratt Na-Ranong urged Australian banks to buy stakes in, or enter local partnerships with, established banks in the country.

Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February.

CIMB Group would apply for a banking licence in Laos in its bid to cover all Asean markets.