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Krung Thai expects to expand customer base this year through Bill Payment and THB 35 bn loan releasing

BANGKOK, 25 January 2010 (NNT) – Krung Thai Bank set the target to expand customer base in the private sector to cover 1,000 companies, through the Bill Payment service, along…

Central bank retains economic growth estimate unchanged

BANGKOK, Jan 23 (TNA) – Bank of Thailand (BoT) Assistant Governor Paiboon Kittisrikangwan on Friday announced that the central bank will maintain its economic growth estimate for this year at…

Thailand’s central bank requires financial institutions to justify loan rejections

BANGKOK, Jan 22 (TNA) – Bank of Thailand (BoT) Assistant Governor Pimpa Thawarayut on Thursday revealed that the central bank has issued letters of instruction to managers of all financial…

KBANK warns high risks from foreign banks

BANGKOK, 21 January 2010 (NNT) – Even though the global economy is improving, foreign banks still carry high risks, said Songpol Chevapanyaroj, Executive Vice President of Kasikorn Bank (KBANK), adding…

SCIB plans to lend more this year

BANGKOK, 20 January 2010 (NNT) – The Siam City Bank Plc (SCIB) has targeted to release more loans worth 18 billion THB for this year, a 6% increase when compared…

Thai banks back construction projects aboard

BANGKOK, 19 January 2010 (NNT) – President of the Thai Trade Representative (TTR), Kiat Sitthiamorn said the TTR has co-operated with Krungthai Bank PLC, Export-Import Bank of thailand and Small…

Finance minister positive with 2010 economy, stock trade

BANGKOK, 18 January 2010 (NNT) – Finance Minister Korn Chatikavanij is optimistic with the trend of the Thai economy and stock market this year due to the attempts and measures…

Private sector urged to brace for increased financial volatility

BANGKOK, Jan 15 (TNA) – Thailand’s private sector should prepare for rising interest rates and increased fluctuation in the financial market in 2010, according to the Bank of Thailand (BoT).…

SCB funds loans for CP to expand retail business in China

BANGKOK, 14 January, 2010 (NNT) – Siam Commercial Bank (SCB) will provide financial support of up to 250 million USD or 8.25 billion THB for Lotus Supercenter’s expansion in China,…

BoT to maintain interest rate at 1.25%

BANGKOK, 14 January 2010 (NNT) – The Bank of Thailand (BoT) decided to maintain the national interest rate at 1.25% to back up continuous economic recovery, according to Mr Paiboon…