Thailand

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.

Kiatnakin Bank hopes to boost its SME lending portfolio ten-fold through its newly-acquired knowledge gained from its merger with Phatra Capital.

Kasikornbank is pushing for more credit cards transactions for revolving credit, aiming to raise their proportion 55 to 60 percent in two years.

Thai banks are hopeful that they would get a sizable share of business in Myanmar, as the latter liberalises its financial sector.

Thanachart Bank plans to accelerate loan growth in its SME portfolio from small enterprises in the provinces.

CIMB Thai's ATM network will be linked to CIMB in the Philippines, the sixth country of the CIMB ATM Regional Link.

Siam Commercial Bank will issue Bt40 billion in subordinated debentures in the second and third quarters.

Check out how this will affect the competition for deposits.