Thailand
SCB, Kbank tops among Thai banks in Q2 results
Siam Commercial Bank and Kasikornbank led Thailand's banks in net profits during the second-quarter.
SCB, Kbank tops among Thai banks in Q2 results
Siam Commercial Bank and Kasikornbank led Thailand's banks in net profits during the second-quarter.
SCB's quarterly earnings up 24%
Siam Commercial Bank's quarterly net profit increased 24 percent to Bt10.07 billion from Bt8.13 billion in the same period last year.
TMB Bank's net profit up 6% YoY
TMB Bank posted a 2Q12 profit of Bt1.26 billion, up by 6% YoY and 22% QoQ.
14 Vietnam banks make 62% of bad bank debts
Vietnam's 14 biggest banks accounted for as much as 62% bad debts of the whole banking system, based on yet another research report.
Thailand's Kasikornbank to open rep office in Myanmar
Kasikornbank has received a license to open a representative office in Myanmar.
Kasikornbank's earnings buoyed by loans, NIM
Kasikornbank reported a 4.22 percvxvcent in its consolidated second-quarter net profit of Bt9.4 billion.
Krungthai Card targeting active spenders
Krungthai Card's focus on attracting active spenders resulted in an increase in credit-card spending and use of its personal-loan products.
Thai banks wary of high fund cost
Thailand's banks identified the mobilisation of funds to meet loan demand while keping fund cost as low as possible as one of its challenges.
Mobile payments promoted in Mekong region
The latest developments in mobile payments in Thailand, Laos, Cambodia, Myanmar, and Viet Nam are being showcased at a banking summit in HCM City.
Number of Thai banks may be reduced
The number of Thailand’s banks may shrink from 14 to as few as five.
SCB denies TMB share swap rumour
Siam Commercial Bank called speculations it plans to buy a 26 percent stake in TMB Bank through a share swap as groundless.
ATMs, credit cards finally useful in Myanmar
Private banks in Myanmar have begun rolling out ATMs with more ambitious plans are in the works.
Embezzler in 1997 Asian financial crisis sentenced to imprisonment
Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.
Korean banks in cutthroat fight for customers
Korean banks are luring new customers by offering them great deals.
SCB prepares to expand, okays $3.2M more in bonds
Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas.
Siam Commercial Bank raises funds for expansion
Thailand's third-largest bank by assets is raising its outstanding bond ceiling by US$3.2 billion.
Krung Thai Bank expects smaller Q1 loan growth
Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.
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