Thailand

The lender also plans to issue $990.59mn in bonds to strengthen capital.

Japan's disaster and high uncertainty in the world economy prompted local and foreign investors to focus on short-term bonds.

SCB will divest its shareholding in SICCO through a public auction. With this process, Siam Commercial Bank will ensure that it openly canvasses a broad range of buyer as is possible in the shortest possible time frame and with a transparent process.

The lender aims to rev up operations behind lackluster Thailand economy as its parent company’s overseas operations expected to benefit from the region's booming economic growth.

CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.

Kasikornbank is warning against gangs deceiving customers by claiming to  be officials of the Revenue Department, courts, police, and financial institutions.

Thanachart Bank has completed the purchase of shares of Siam City Bank.

The Charoen Pokphand Group will acquire financing totaling 1.47 billion from eight local banks to support its business expansion plans.

Kasikornbank enhanced its business partnership with Shizuoka Bank by connecting the financial service networks of the two banks. It's aim is to increase financial transactions by 4 billion Baht and becoming the top Thai bank serving Japanese customers.

Krung Thai Bank is going to reduce its outside area transfer and withdrawal’s fee to 15 baht for customers conducting transactions through the Bank’s ATMs and ADMs.

SCB announced ts SME lending strategies for 2011, highlighting a diverse range of innovative credit programs and attractive promotional campaigns all year round.

KTB has joined hands with KTB-AXA to develop new life insurance products to welcome the year of golden rabbit. Ms. NongNutch Thienpaitoon, Senior Executive Vice president, Managing Director, Network group, Krung Thai Bank PCL. discloses that the Bank  and KTB-AXA has together developed several full range products including short, medium, and long term life insurances to answer clients  from every generation ’ needs.

Siam Commercial Bank has promoted Ms. Pikun Srimahunt to Executive Vice President of the Mortgage Business Division. It also promoted Ms Sanannart Kulpaisantham to Executive Vice President of the SSME Business Division, and Ms Jamaree Ketrakool to Executive Vice President of the Retail Credit Division, with immediate effect.

 

Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.

Thailand economic growth seen to boost the bank's loan demand in 2011.