Thailand
Number of Thai banks may be reduced
The number of Thailand’s banks may shrink from 14 to as few as five.
Number of Thai banks may be reduced
The number of Thailand’s banks may shrink from 14 to as few as five.
SCB denies TMB share swap rumour
Siam Commercial Bank called speculations it plans to buy a 26 percent stake in TMB Bank through a share swap as groundless.
ATMs, credit cards finally useful in Myanmar
Private banks in Myanmar have begun rolling out ATMs with more ambitious plans are in the works.
Embezzler in 1997 Asian financial crisis sentenced to imprisonment
Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.
Korean banks in cutthroat fight for customers
Korean banks are luring new customers by offering them great deals.
SCB prepares to expand, okays $3.2M more in bonds
Siam Commercial Bank is preparing for massive fund flows for business expansion both locally and overseas.
Siam Commercial Bank raises funds for expansion
Thailand's third-largest bank by assets is raising its outstanding bond ceiling by US$3.2 billion.
Krung Thai Bank expects smaller Q1 loan growth
Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.
Kiatnakin Bank's merger with Phatra to be finalised by August
Kiatnakin Bank plans to complete its merger with Phatra Capital by August, with revenue from the integrated business to be recognised by the fourth quarter.
Myanmar's open door policy attracts Thai banks
Thai banks are eyeing to operate in Myanmar when the latter's policy of opening to international banks takes effect on 2015.
Thai ATMs to shut down briefly
Kasikornbank and CIMB Bank Thai will temporarily suspend electronic banking services this weekend for a major systems upgrade.
Laos' BCEL reports higher profits in 2011
BCEL's initial unaudited profit for 2011 is a 70 percent increase over the 2010 audited figure.
Lao, Thai banks extend cross-border ATM services
Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.
Anti-Money laundering group to explain Thai position
The Anti-Money Laundering Office will explain Thailand's position after the Financial Action Task Force labelled the country "high-risk".
Thailand's KBank to lend $9.85M to Chinese car maker
The Kasikorn Group will lend Dongfeng Automobile more than US$9.85 million as the latter builds its presence in Thailand.
Thailand targets Australian banking investments
Thailand's commerce minister Kittiratt Na-Ranong urged Australian banks to buy stakes in, or enter local partnerships with, established banks in the country.
Myanmar banks to provide money exchange services to ASEAN neighbors
Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February.
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