Thailand

Kasikorn Leasing Company's earnings for the first half of 2011 totaled 237 million Baht, an increase of 5.8 percent over-year, said Mr. Isara Wongrung, Managing Director of Kasikorn Leasing Co., Ltd.

Siam Commercial Bank's personal loan business grew by 30% for the first half of the yearwith an outstanding loan amount of 18 billion baht.

To enable customers to gain the highest benefit from investment and to give an option for them to invest to their heart’s content, Krung Thai Bank launched 2 short-term deposit products.

Bangkok Bank launched a range of China Yuan  transaction services to help serve the expansion of trade and investment between Thailand and China.

Bangkok Bank and Asian Property Development celebrated the success of the sale of the company’s 3.6-year debentures of Baht 1.5 billion.

Krung Thai Bank reported a net income of 10,730 million baht, its highest semiannually net income in 16 years.  Its quarterly net income soared 55% year-to-year to 1,868 million baht.

The service will ease payment of SME owners and will allow the lender to expand customer base and product cross-selling.

Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.

Maybank hopes to operate a bank in Thailand, said its president/CEO, Datuk Seri Abdul Wahid Omar.

With Thai government’s backing the lender will tap its regional network to bolster SMEs’ expansion.

Bangkok Bank has signed an MOU, agreeing to provide a full range of financial services, called 'Smart Chaqin Solution", to PTTPM business partners.

Siam Commercial Bank has been appointed as the mandated lead arranger for a 4.01-billion-baht syndicated loan with Krung Thai Bank to Index living Mall.

SCB has received approval on its plan to acquire SICCO's business by making a tender offer to purchase all securities of SICCO and the latter's delisting from the Stock Exchange of Thailand.

Bangkok Bank and the Japan Bank for International Cooperation will help Japanese companies in Thailand with a new lending program called "Two Step Loan."

The German lender said its government bond trading and other business activities in Thailand remain unaffected.

Confident of better second quarter after strong $92 mn first quarter profit as it sticks to loan target.