Thailand

BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.

The lender is cautiously positive in expanding in China as its central bank tightened banking reserve requirement to avert possible overheating of economy.

Krungthai Bank rolled out an innovative Internet-based banking service under the name KTB netbank.

Bangkok Bank has introduced a special 15-month fixed deposit account offering an interest rate of 3.00 percent per annum, paying interest at the end of the deposit period.

The bank offers higher interest, 0.5 percentage points more than for normal savings accounts, for minimum deposit of $331 to draw pioneer customers.

Bank of China started operating its Phnom Penh Branch, making it the first lender from China in Cambodia. It also became the Kingdom's 30th commercial bank.

Bangkok Bank has recorded a consolidated net profit for the first quarter of 2011 of Baht 6.6 billion.

Krung Thai Bank's profits in the first quarter of 2011 is up 79% to 5,489 million baht.

TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.

The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.

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.