Friday November 16, 2018 02:28

Stcoks Press Release : 19 Jan 2016

SCB Announces 2015 Net Profit of Baht 47.2 Billion A drop in profit as a result of substantial additional provisions Stcoks—19 Jan 16

Amid a sluggish Thai economy, Siam Commercial Bank PCL reported (unaudited) consolidated net profit of Baht 47.2 billion for 2015 – an 11.5% decrease year-on-year. This year-on-year drop in net profit was attributed to the substantially higher

Thanachart Bank improved in all aspects, Net profit grew,Capital strengthened, NPL decreased, with high Liquidity Stcoks—19 Jan 16

Bangkok--19 Jan--Thanachart Bank

Thanachart Bank (TBANK) announced its operating results for the year 2015 which was a year of accomplishment in its business operation. The Bank was able to achieve continuous improvement in all areas. This included the growth in net profit of the Bank which continuously increased for four consecutive quarters. As a result, the Bank and its subsidiaries' net profit in 2015 amounted to10,743 million baht. Asset Quality continued to improve especially the reduction of NPL to become lower than 3 percent. Coverage Ratio increased and closed to the level of the industry average. Furthermore, the Bank was able to strengthen the capital adequacy position to meet the top ranking level of the banking industry, as well as, was able to manage its liquidity effectively. Currently, the Bank had achieved LCR ratio higher than the regulated requirement of the Bank of Thailand in order to increase the confidence to our customers.

Mr. Somjate Moosirilert, CEO and President of Thanachart Bank Public Company Limited (TBANK) said that "Although the economic slowdown and high household debt in 2015 resulting in an unfavorable loan growth, the Bank focused on the strategic to conform such vigilant situation. Consequently, the Bank achieved an all-round improvement, resulting in the Bank and its subsidiaries' net profit of 10,743 mi

MasterCard meets growing demand for core products with two leadership appointments in Asia Stcoks—19 Jan 16

Singapore – MasterCard today announced the appointment of Jenn Ong and Paolo Bortolotto to the respective roles of Head of Consumer Credit, Asia/Pacific, and Head of Debit, Asia/Pacific, effective immediately. In her new role, Jenn will oversee the

Commonwealth Bank creates global innovation network Stcoks—19 Jan 16

Commonwealth Bank of Australia (Commonwealth Bank) has today launched an Innovation Lab in Hong Kong and announced plans to launch an Innovation Lab in London later this year. This innovation network is a natural extension of the Bank's successful

Chinas economy grows at slowest pace in 25 years Stcoks—19 Jan 16

SINGAPORE: China's economy grew at its slowest pace in 25 years in 2015, official data showed on Tuesday (Jan 19), confirming a slowdown in the world's number two economy. Gross domestic product (GDP) expanded 6.9 per cent last year, in line with market

Bangkok Bank reserves cash of Baht 35 billion to meet demand during the Chinese New Year festival Stcoks—19 Jan 16

Bangkok Bank will be reserving more than Baht 35 billion of cash at its 1,200-plus branches, including micro branches, and its nationwide network of 10,000 ATMs in order to meet the higher demand during the Chinese New Year festival. The bank will also

CIMB Thai Bank posts 2015 net profit of THB 1,052.5 million, 6.4% growth from last year Loan Stcoks—19 Jan 16

Mr. Subhak Siwaraksa, President and Chief Executive Officer of CIMB Thai Bank PCL stated that for the year ended 31 December 2015, CIMB Thai group's consolidated operating income rose by THB 1,727.8 million or 16.4% year-on-year ("Y-o-Y") to THB 12.2

Standard Chartered expects growing Sino-Thai trade and investment through Renminbi Qualified Stcoks—19 Jan 16

Standard Chartered Bank encourages its commercial and institutional clients in Thailand to seize the opening opportunities of direct access to onshore securities market in China through the Renminbi Qualified Foreign Institutional Investor (RQFII)

Thai bourse announces winners of 18th SET youth music competition Stcoks—19 Jan 16

The Stock Exchange of Thailand (SET), in conjunction with the College of Music, Mahidol University, has recently announced the winners of the 18th "SET Youth Music Competition", among youths with musical talents. The project aims to encourage young

Public hearing on crowdfunding rules Stcoks—19 Jan 16

The SEC is seeking public comments on draft rules and guidelines for supervising crowdfunding portals. The proposed rules aim to establish a standard framework for operating crowdfunding portals. The supervised areas include measures and implementation