CIMB Thai Bank has found that fixed deposits of wealthy customers dropped by Bt10 billion during the first half of this year after the account holders migrated to high-yield investment products.
CENTRAL Pattana has earmarked Bt60 billion for the development of shopping complexes between this year and 2018 in five local and foreign locations, including Mahachai in Samut Sakhon and Kuala Lumpur in Malaysia, its first overseas project.
THE THAI BANKERS’ Association yesterday confirmed that the recent malware attack on ATMs of the Government Savings Bank (GSB) had not affected customers’ deposits, and said the banking industry would focus on maximising the level of anti-virus...
Kasikorn Leasing hopes its outstanding loans this year will start growing again after its auto-loan portfolio registered flat growth for two years in a row.
THAILAND HAS suffered its first ATM (automatic teller machine) hack, which affected 21 cash machines in Bangkok and other provinces resulting in stolen cash totalling more than Bt12 million, while another 200 ATMs are suspected of having been...
GLOBAL economic uncertainties, rapid changes in technology and new regulations are the key three challenges confronting specialised financial institutions(SFI), Veerathai Santiprabhob, governor of the Bank of Thailand, said yesterday.
CREDIT CHECKS of new loan applicants by financial institutions are expected to reach only 12.5 million this year, the lowest in five years, as the economic uncertainty forces financial institutions to tighten criteria for new customers.
DESPITE the growing number of customers using digital banking, Bank of Ayudhya
SRI Ayudhya General Insurance (SAGI) has said it will not open more branches, preferring to focus instead on serving more customers via online channels.
TRUE Corp yesterday announced that it would invest Bt20 billion to develop True Digital Park as Thailand’s first digital hub as part of the plan to support the government’s hope of making the country a regional centre of digital innovation, said...