Thailand

Myanmar’s largest bank clinches licence to open office in Thailand

It’s the first Myanmar bank to have an international office.

Myanmar’s largest bank clinches licence to open office in Thailand

It’s the first Myanmar bank to have an international office.

Bangkok Bank's NPLs may have risen to 3.15% in 1Q16

The increase seems broad based, analysts say.

KBANK's 1Q16 profit likely to have dropped 28%

NPLs could rise 3.3 this month. Maybank Kim Eng analysts attended the 1Q16 results preview meeting held for analysts last Friday. Based on what they learnt from the meeting, they project 1Q16 net profit about THB8.9b, which is down 28% YoY but up 63% QoQ (4Q15 reported results were depressed by heavy expensing). "Regardless, 1Q16 profit is likely to be viewed as weak compared to the historical standard. One should not be surprised to see a rise in NPLs (+23bps to 3.30%) and high credit cost (2.20%), as previously guided in 4Q15. The company will report its full results on 20th April."

Thai banks’ asset quality feared to remain under pressure in 2016

The deterioration in asset quality can be seen as Thai commercial banks’ non-performing loans surge.

Thai banks' gross NPL down 6.2% to THB335b at the end of 4Q15

NPL ratio of every bank fell from 3Q15, except for KBANK and TMB.

CEO Noriaki Goto on the ‘new Krungsri’ following the bank’s integration with MUFG

Partnering Krungsri’s local expertise with Mitsubishi UFJ Financial Group’s global network pays off.

KBANK president Predee Daochai speaks of digitisation and overseas partnerships

He is leading partnerships between KasikornBank and ASEAN countries plus China, Japan, and Korea.