Rise in ceiling on flood loan
Bank of Thailand yesterday announced to raise the maximum amount of soft loan for flood-affected individuals from Bt1 million to Bt3 million, given their demand of higher credit for house repair.
Ayudhya Allianz CP Life to be given new name
Ayudhya Allianz CP Life (AACP) is expected to change the company name to Allianz Ayudhya after Charoen Pokphand Group and Bank of Ayudhya (BAY) sold their stakes in the insurer to Sri Ayudhya Capital.
KBank looks to Chinese investors in Rayong estate
Kasikornbank foresees the Thai-Chinese Rayong Industrial Zone becoming a strategic location for boosting loans to Chinese investors due to the industrial estate expanding by an additional 2,000 rai this year.
StanChart offers service guarantee to boost sales
Standard Chartered Bank (Thai) has decided to focus on improving efficiency and productivity in its personal banking area, while aiming to boost consumer-banking sales by 15-20 per cent through its newly introduced Service Guarantee.
KBank ready to cash in on urbanisation
The growing economy in the provinces from increasing urbanisation is creating new opportunities for investors and financial houses, according to Kasikornbank.
Central bank says 2012 GDP expansion could surpass 6%
The Bank of Thailand now expects gross domestic product to expand this year by more than the 6 per cent it estimated in early May, after the country saw first-quarter growth of 0.3 per cent year on year, although uncertainties from the European...
Wider range of yuan exchange rates at HSBC
HSBC has rolled out six new currency trading pairs tied to the offshore renminbi, on top of its US/dollar yuan exchange service.
SCB No 1 Thai financial institution in Forbes
Siam Commercial Bank again ranked high in the annual Global 2000 list of world-leading corporations published by Forbes magazine, rising significantly this year.
IPO of Asia Aviation is expected to raise Bt4.5 bn
Asia Aviation (AAV), the holding company of Malaysia-based Thai AirAsia, expects to raise Bt4.5 billion from the sale of 1.212 billion shares in its initial public offering and the funds will be used to increase its shareholding in Thai AirAsia and...
Money Expo falls short of target
The 12th Money Expo ended on Sunday after recording about Bt93 billion in transactions, about Bt27 million short of the target for the four-day event, said Santi Viriyarangsarit, editor of Money & Banking magazine and president of Money Expo...
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