Thailand

Visa has stared a series of training workshops to prepare selected local banks for the introduction of electronic payments in Myanmar.

Krung Thai Bank believes that it will have enough financial muscle to serve non-Thai customers such as state agencies in Myanmar and Vietnam.

Kasikorn Bank plans to offer Chinese-language forms and documents, Chinese-speaking call center and a number of Renminbi-based transaction services.

Commercial banks in Thailand are more inclined to focus on medium-sized to large property developers, which are less likely to default, bank executives say.

Thailand's commercial banks are fiercely competing for deposits as lending expanded 14.2 percent in the second quarter against 10.1 percent year-on-year growth of deposits.

Thai banks are cool to Finance Minister Kittiratt Na-Ranong's advice to recapitalise as many of them have built up reserves aggressively in the past year.

KrungThai Bank hopes to raise at least Bt14 billion via a rights offering.

CIMB Thai Bank is adjusting its deposit structure to expand the number of retail customers.

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong encouraged Thai banks to recapitalise to cope with growing loan demand ahead of the activation of the Asean Economic Community in 2015.

Myanmar has outlined a master plan for monetary development to be implemented with the assistance of the World Bank.

Kasikornbank will get more involved in financial advisory banking to help retail customers.

 

Banks and non-bank institutions will continue to experience loan growth in the third, to a June survey by the Bank of Thailand.

Find out what analysts from Asian Development Bank has to say.

KTB will help companies manage their cash flow and reduce the risk of their payees holding cash through its new corporate cash card.

So which banks in Thailand will have the highest net profit growth in 2012?