Thailand

Thailand’s KBank unlikely to meet credit cost normalisation target: analysts

Credit costs are expected to remain at a high level in 2024.

Thailand’s KBank unlikely to meet credit cost normalisation target: analysts

Credit costs are expected to remain at a high level in 2024.

Siam Commercial Bank advised to overhaul mobile app: analysts

Its app logged 26 failure occurrences in 2023, UOB Kay Hian analysts said.

Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023

Net interest income rose, but fees and service income decreased.

Bangkok Bank earmarks over $560m for SME loan program

It aims to help Thai SMEs either expand to foreign markets or assist those still impacted by COVID-19.

Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023

Cost-to-income ratio decreased to 42% from 45.2% in 2022.

Thailand lays out measures to ease household debt crisis

Over 10 million Thai debtors are said to be facing repayment problems.

Thailand’s Krungsri net profit up 7.2% in 2023

Contributions from overseas businesses drove up loan growth and fee income.

Thailand’s Krungsri teams up with Klook to elevate position in travel market

Exclusive privileges will be offered to the bank’s customers.

Krungsri launches cross-border QR payments to Hong Kong

Travelers need only to pay using the KMA krungsri app.

Prudential partners with CIMB Thai for bancassurance venture

The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.

Krungsri clinches five major wins at ABF Retail Banking Awards

Its products and services demonstrate its dedication to supporting customers in achieving their financial goals.

SCB names ex-Citi banker as new SVP and chief wholesale banking officer

Parksuwan has worked for Citi Thailand and HSBC Bank Thailand.

SC Thai to maintain robust capitalisation, but profitability volatile: expert

The bank is expected to receive support from its parent SC in case of times of need

Higher risk of defaults on the horizon for Thai banks

Household leverage has reached “unsustainable levels”, says S&P Global Ratings.

Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%

The Thai bank is injecting an additional US$226m in Bank Maspion.

Thai banks’ profits improve in Q3, but bad loans also rose

Authorities to monitor debt serviceability of SMEs and households.