Tuesday July 16, 2019 07:48

THAI BANKS Press Releases

Thailands blockchaintowards full-scale of e-Letter of Guarantee Stcoks—29 May 19

A total of 22 Thai banks and foreign-bank branches have joined hands to build a full network of electronic Letter of Guarantee (e-LG) on blockchain via BCI (Thailand) Co., Ltd. with support of the Bank of Thailand (BOT). The first of its kind in the

SCB USD Bonds Overwhelmingly Subscribed by Foreign Institutional Investors Stcoks—31 Jan 19

Siam Commercial Bank Successfully Priced US$1billion Senior Unsecured Notes with 4 Times Oversubscription, One of the Largest Orderbooks from Thai Banks in Recent Times Siam Commercial Bank PCL ("SCB") announced that it successfully priced dual-tranche

Photo Release: CIMB Thai Banks customers no longer have to stand or sit around in the banks Stcoks—19 Dec 18

Mr.Piyawat Jirapongsuwan, Head Innovation Office of CIMB Thai Bank; Mrs. Somchit Chuenchomchat, Head Consumer Sales & Distribution of CIMB Thai Bank; Mr.Rungsun Promprasith, Chief Executive Officer of QueQ and Faunglada Saranee Sanguanruang, popular

Photo Release: KBank launches QR KBank - First Thai banks e-wallet Stcoks—11 Dec 18

Mr. Soulysak THAMNUVONG (center), Acting Director General – Payment Systems Department, Bank of Laos, along with Mr. Pattanapong Tansomboon (right), First Senior Vice President, KASIKORNBANK, and Mr. Visith SENGDARA (left), Chief Executive Officer,

KBank launches QR KBank the first Thai banks e-wallet in foreign country with Lao PDR as the first Stcoks—11 Dec 18

KASIKORNBANK (KBank) introduces the "QR KBank" – an e-wallet application to grant an access to financial services for residents of Vientiane, Lao PDR, which will be effective on December 11, 2018. This application that offers cashless convenience

Fitch: Thai Banks# Asset Quality Stabilising in Line with Expectations Stcoks—01 Aug 18

The 1H18 results for listed Thai banks show that the asset-quality cycle has started to stabilise, with positive impact on banks' profitability and buffers. The trend is in line with Fitch Ratings' expectations (see Fitch: Thai Banks' Asset Quality

CIMB Thai Bank appoints Datuk Joseph Dominic Silva and Chanmanu Simawong as a Stcoks—04 Jun 18

CIMB Thai Bank stated that the bank has appointed Datuk Joseph Dominic Silva as a Director and Mr. Chanmanu Simawong as an Independent Director. Datuk Joseph Dominic Silva's directorship and positions held in other companies are Avicennia Capital Sdn Bhd

Fitch: Thai Bank Merger Incentives May Shift Sector Landscape Stcoks—23 Apr 18

The tax incentives encouraging Thai banks to merge could lead to a significant shift in the local sector landscape, with one or two of the largest domestic banks emerging in dominant positions, says Fitch Ratings. Larger national champions would be in a

Photo Release: Concerted effort of 14 Thai banks to develop the first Thailand Blockchain Community Stcoks—19 Mar 18

Recently, at Bank of Thailand (BOT) Learning Center, Mr. Veerathai Santiprabhob, BOT Governor, Mr. Predee Daochai, Thai Bankers' Association Chairman, and representatives from 14 commercial banks in Thailand joined hands with seven state enterprises and

Concerted effort of 14 Thai banks to setup the first Thailand Blockchain Community Stcoks—19 Mar 18

The Thailand Blockchain Community Initiative is pushed forward by 14 Thai banks, in cooperation with 3 state enterprises and 4 large business corporations. With an aim to upgrade the business efficiency and competitiveness by adopting blockchain

Fitch: Thai Banks# Asset Quality Deterioration to Ease in 2018 Stcoks—30 Jan 18

Listed Thai banks reported a further decline in profitability in their preliminary full-year results for 2017, largely owing to an increase in credit costs. Fitch Ratings expects impaired loans to level off during the course of this year, as a more

Photo Release: KBank promotes K PLUS SHOP in Chiang Mai during high tourism Stcoks—24 Nov 17

Recently, KASIKORNBANK (KBank) introduced the "ปิ๊บจังออนทัวร์" campaign and started to promote the K PLUS SHOP service across Chiang Mai to allow for QR code payment via all Thai banks, as well as Alipay and WeChat Pay, during the high tourism season.

Thailand banks to deliver enhanced cross-border payments experience to their Stcoks—07 Nov 17

SWIFT announces today that 3 major Thai banks, Bangkok Bank, Kasikorn Bank, and Siam Commercial Bank are part of over 120 banks around the globe that are now live or planning to implement SWIFT's Global Payments Innovation (gpi). Together, these Thai

Fitch: Asset Quality of Thai Banks SME Exposures Stabilising Stcoks—19 Oct 17

Some positive signs are emerging for Thailand banks' SME asset quality, although risks are likely to persist over the next few quarters, says Fitch Ratings. GDP growth and economic activity, including in key service sectors, has so far been slightly

Fitch: Thailand#s Economic Banking Outlook Challenging Despite Modest Economic Stcoks—15 Sep 17

Thailand's medium-term growth outlook continues to be challenged by high household debt and adverse demographic trends even though the economy has picked up in 2017, while the prospects for Thai banks' operating environment and sector performance remains

Fitch Rates CIMB Thai Bank#s Short-Term Programme at #F1+(tha)# Stcoks—18 Aug 17

Fitch Ratings (Thailand) has assigned a National Short-Term Rating of 'F1+(tha)' to CIMB Thai Bank Public Company Limited's (CIMBT; AA(tha)/Stable/F1+(tha)) short-term debenture programme of THB30 billion. This programme replaced CIMBT's previous THB34

Fitch: Thai Bank Performance Weakening, but NPL Growth to Ease Stcoks—26 Jul 17

Thai banks continue to face asset quality pressure stemming from vulnerabilities in the SME and unsecured retail loan sectors, and are exposed to risks in the highly indebted household sector, says Fitch Ratings. However, a slight pick-up in the economy

CIMB THAI appoints Akash Rathke as Advisor to the President and CEO Stcoks—24 Jul 17

CIMB Thai Bank stated that the bank has appointed Mr. Akash Rathke as Advisor to the President and CEO and also Thailand Management Committee of CIMB THAI effective on July 2017 Mr.Rathke is a seasoned banker with more than 25 years of experience in

CIMB Thai Bank appoints Jittiwat Kantamala as a Head of Private Banking Stcoks—20 Jun 17

CIMB Thai Bank stated that the bank has appointed Mr. Jittiwat Kantamala as Executive Vice President and Head of Private Banking. Jittiwat brings with him over 28 years working experiences in Private Banking, Marketing, Finance, and Operations. Prior to

Gossip News: CIMB Thai Bank appoints Maris Samaram as an Independent Director and Chairman of Audit Stcoks—24 May 17

CIMB Thai Bank stated that the bank has appointed Mr. Maris Samaram as an Independent Director and Chairman of Audit Committee. His directorship and positions held in other companies are an Independent Director, Member of Audit Committee and Member of

Fitch Hosts Briefing on Thai Bank Sector and Market Outlook Stcoks—31 Mar 17

Fitch Ratings (Thailand) Limited held a briefing in Bangkok today for more than 100 executives, including bankers, corporate treasurers, insurers and asset managers, to provide a medium-term view on the Thai bank sector landscape, as well as an update on

CIMB Thai Bank appoints ZethjakLeeyakars as a Head of Compliance Department Stcoks—21 Mar 17

CIMB Thai Bank stated that the bank has appointedMr.ZethjakLeeyakarsas Executive Vice President, Head of Compliances of CIMB Thai Bank effective since March 2017. Zethjak brings with him more than 20 years of working experiences in Compliance. Zethjak

Fitch: Thai Banks# Buffers Can Withstand Weak Environment Stcoks—31 Jan 17

Fitch Ratings expects a further deterioration in Thai banks' performance in 2017, after the full-year results for 2016 showed a rise in impaired loans and a slight decline in profitability. These trends are consistent with our negative outlook on the

CIMB Thai Bank appoints Bussakorn Puttinan as a Head of Group Information and Operations Stcoks—11 Jan 17

CIMB Thai Bank stated that the bank has appointed Mrs. Bussakorn Puttinan as a Head of Group Information and Operations Division and also be one of CIMB Thai's Management Committee. Mrs. Bussakorn brings with her more than 34 years of working experiences

Thai Banks Face Further Ratings Supported by Buffers Stcoks—06 Dec 16

Fitch Ratings' outlook on Thai banks in 2017 is for the terrain to remain difficult, with continued pressures particularly on asset quality and profitability. Banks will be hampered by the low-interest-rate environment, muted levels of economic growth,

SCB tops Thai banks on Forbes Global 2000 Stcoks—20 Sep 16

Reaffirming its status as a leading global company, Siam Commercial Bank has been ranked No. 1 among Thai banks on the Forbes Global 2000 list. The list is an annual ranking of the top 2,000 public companies in the world by leading American business

CIMB Thai Bank appoints Arthit Masathirakul as a Deputy Head of Risk Management Stcoks—09 Aug 16

CIMB Thai Bank stated that the bank has appointed Mr. Arthit Masathirakul as a Deputy Head of Risk Management Group effective 1 August 2016. Arthit brings with him more than 24 years of working experiences in the areas of risk management, corporate

Fitch: Thai Banks 2Q Results Show NPLs Rose, Buffers Still Solid Stcoks—29 Jul 16

Fitch Ratings expects NPLs at Thai banks to rise further - albeit slightly - for the rest of 2016 amid a weak operating environment after second-quarter results showed their profitability and asset quality had deteriorated. The results underscore our