Despite substantial investment and effort, many Thai banks continue to fall short of successfully digitising their organisations, with cloud adoption lagging behind other leading banks in Southeast Asia, PwC Thailand said. Thai banks must overcome four significant obsta
Thai banks will most likely have stronger performances in 2023 due to lower credit costs and a pick-up in loan growth, supported by a stronger economic recovery, according to Fitch Ratings' 2023 briefing, Thailand's Economic and Bank Outlook, in Bangkok on Friday.Dr Somprawin Manprasert, Chief Economist of the Economic I
Fitch Ratings expects Thailand's economic recovery to continue despite slowing growth elsewhere due to its strong external buffers and a rebound in domestic demand and tourism. The overall performance of Thai banks and corporates is likely to continue to improve, although growth will be constrained by high energy costs, according to
Forward, a Thai digital asset and blockchain startup focusing on protocol development for decentralized derivative exchange and
Fitch Ratings expects the standalone profiles of Thailand's large banks to benefit from the gradual recovery from the weak economic environment of 2020-2021. Increased business activity and stable, or slightly improving, net interest margins would support bank revenue.The banks have been aggressive in provisioning o
KASIKORNBANK Public Company Limited's ( BBB/Stable) plan to increase its stake in PT Bank Maspion Indonesia Tbk (Maspion) to 67.5% from 9.99% reflects Thai banks' search for earnings opportunities outside of domestic commercial banking, says Fitch Ratings.Fitch believes the acquisition
The operating environment for Thai banks remains supportive of a gradual recovery in financial performance, says Fitch Ratings. However, business activity, which remains below pre-pandemic levels, is constrained by continued macroeconomic risks, limiting the potential for significant upside in the near term.Fitch exp
Thai banks' steady financial performance in 1H21 does not reflect ongoing risks, especially to asset quality, says Fitch Ratings.The recent escalation of the Covid-19 pandemic in Thailand will significantly affect business activity, while the Bank of Thailand's regulatory relief measures will reduce asset-
- Loan's interest rate linked to three core sustainability KPIs- Oversubscribed by a factor of more than two in both Thailand and Japan, demonstrating a significant step forward for Blue Finance- Bookrunners include leading Japanese and Thai banks with major global financial institutions participatingThai Union
Bangkok-3 Apr-Fitch Ratings Fitch Ratings has revised its operating environment mid-point score for Thai banks to 'bbb', from 'bbb ', due to the significant pressures on the banking sector stemming from the coronavirus pandemic. The ultimate trajectory and duration of the pandemic remains unclear, but Fitch believes that risks to economic growth and business activity are still skewed to the down
Bangkok-24 Feb-KASIKORNBANK Striving to become a zero-carbon organization, KASIKORNBANK (KBank) was rated A- (Leadership Level) in assessment of climate change management under the Carbon Disclosure Project (CDP) of 2019 the first and only Thai bank to earn this mark of recognition. The Bank is determined to adjust its working processes and services while also educating its employees
Bangkok-30 Jan-Fitch Ratings A number of Thai banks have looked to expand their international operations in recent weeks, highlighting a trend towards rising risk appetite among banks in Asia, says Fitch Ratings. The trend, which has been fed by pressures on profitability, could influence the ratings for some banks venturing into challenging operating environments. Low interest rates, subdued cre
Bangkok-10 Apr-Bangkok Bank Bangkok Bank was awarded Bank of the Year 2019 by Money Banking magazine for its outstanding performance and profitable growth. It is the 11th time the Bank has won the award in the past 13 years. The Bank's net profit in 2018 was the third-highest among Thai banks at Baht 35.3 billion, representing the highest net profit of Baht 18.51 per
Bangkok-31 Jan-Siam Commercial Bank 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 US$1 billion Reg S Senior Unsecured Notes (the Notes) on 29 January 2019, comprising US$500 million 5-year
Bangkok-19 Dec-CIMB Thai Bank Mr.Piyawat Jirapongsuwan, Head Innovation Office of CIMB Thai Mrs. Somchit Chuenchomchat, Head Consumer Sales Distribution of CIMB Thai Mr.Rungsun Promprasith, Chief Executive Officer of QueQ and Faunglada Saranee Sanguanruang, popular blogger As the host of the press conference launching new service. CIMB Thai Bank's customers no longe
Bangkok-11 Dec-KASIKORNBANK 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, LIENG HENG COMMERCIAL MANAGEMENT CO., LTD., recently introduced the QR KBank e-wallet application to offer greater conve
Bangkok-11 Dec-KASIKORNBANK 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 in support of the policy of the
Bangkok-23 Apr-TRIS Rating 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 stronger position to cope with competition from regional rivals, which is set to intensify along with ASEAN banking integratio
Bangkok-19 Mar-KASIKORNBANK 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 large business corporations to unveil Thailand Blockchain Community Initiati
Bangkok-19 Mar-KASIKORNBANK 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 technology, this initiative will be initially implemented with Thailand's first project of blockchain
Bangkok-24 Nov-KASIKORNBANK 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. For customers conducting QR code payment at any merchants in Chiang Mai, they will enjoy a cash back of 50 B
Bangkok-19 Oct-Fitch Ratings 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 better than we expected in 2017. Furthermore, banks have tightened underwriting standards for SMEs over the previous two years,
Bangkok-15 Sep-Fitch Ratings 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 negative, albeit with modest improvements in growth, asset quality and profitability expected in
Bangkok-26 Jul-Fitch Ratings 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 and tighter underwriting standards should help reduce NPL growth by the end of the year. Asset quality pressures were appar
Bangkok-31 Jan-Fitch Ratings 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 sector. However, capital and loan-loss buffers continue to rise, and are healthy enough to absorb pressures from the weak
Bangkok-6 Dec-Fitch Ratings 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, and higher loan delinquencies (particularly in the SME and retail segments). Nevertheless, Fitch expects that these pressures should
Bangkok-14 Sep-Fitch Ratings (Thailand) Fitch Ratings (Thailand)'s annual conference this year highlighted increasing pressure on sovereign ratings in emerging markets. Thailand's public and external finances remain the key strengths of its ratings although structural issues are a concern over the longer term. Thai banks' sound credit profiles should enable them to cope with a more challeng
Bangkok-29 Jul-Fitch Ratings 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 negative outlook on the sector. Still, we believe Thai banks' capital buffers and reserve coverage should remain adequate
Bangkok-8 Dec-Fitch Ratings Link to Fitch Ratings' Report: 2016 Outlook: Thai Banks The operating environment remains challenging for the Thai banking sector, and Fitch expects asset quality to deteriorate further in 2016. However, bank ratings generally remain supported by the sufficient loan-loss reserve buffers and solid capitalisation. Fitch believes that the SME loans and unsecured personal
Bangkok-1 Sep-Fitch Ratings Click into fields to type. For the title a maximum of 64 characters (including spaces) will be accepted by the wire services so please do not exceed this length. Type text of press release after dateline below: please do not modify the font/format or exceed one page length. Fitch Ratings believes that Thai banks exposure to the SME segment is increasingly becoming the main source of
