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1 week ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 19 Apr 2025 at 07:03 Listen to this article Play Pause A Bangkok Bank branch on Pradiphat Road in Bangkok's Phaya Thai district. Bangkok Bank (BBL) reported 20% year-on-year growth in net profit for the first quarter of 2025, supported by a sharp increase in fee-based income, despite a contraction in loan volume.
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1 week ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 19 Apr 2025 at 07:03 Listen to this article Play Pause A Bangkok Bank branch on Pradiphat Road in Bangkok's Phaya Thai district. Bangkok Bank (BBL) reported 20% year-on-year growth in net profit for the first quarter of 2025, supported by a sharp increase in fee-based income, despite a contraction in loan volume.
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1 week ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 18 Apr 2025 at 06:19 Ms Kattiya says the bank immediately engaged with potentially affected clients, helping them to identify alternative export markets. As part of its efforts to mitigate the impact of the US tariffs on Thai exports, Kasikornbank (KBank) is assisting export clients in exploring new international markets to minimise potential disruption.
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1 week ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 18 Apr 2025 at 06:08 The Bank of Thailand plans to license three virtual banks in the first phase. The Finance Ministry is scheduled to announce the list of approved virtual banks by June 19, with the Bank of Thailand confirming it will grant three banking licences in the initial stage. According to Chayawadee Chai-anant, the central bank's assistant governor for corporate relationships, it already submitted the approved virtual bank applicants to the ministry.
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1 week ago | 
bangkokpost.com | Somruedi Banchongduang
Thailand Post plans to leverage its strong network and the expertise of its delivery staff, who have access to underserved and unserved communities across the country, to support its consortium in securing a virtual bank licence.
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2 weeks ago | 
bangkokpost.com | Somruedi Banchongduang
Mr Arthid says virtual banking and regional expansion were identified as key pillars for SCB X's future growth. SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), is entering its third year of operations in 2025. Despite economic headwinds, the company expects stronger profitability from its second-generation financial subsidiaries, said SCB X chief executive Arthid Nanthawithaya.
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2 weeks ago | 
bangkokpost.com | Somruedi Banchongduang
The International Monetary Fund (IMF) is urging Thailand to strengthen household financial security to mitigate the country's persistently high household debt. In its Country Focus report published on April 9, the IMF said more than half of Thai workers are not formally employed, which deprives them of job security and social protection. This leaves Thai households vulnerable to economic shocks and income disruptions, often needing to borrow to cover their basic living expenses.
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2 weeks ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 11 Apr 2025 at 05:50 The government is being urged to address zero-dollar exports and investments from China, as they are expected to intensify due to the US tariff measures. The US reciprocal tariffs, both universal and those targeting Thailand, are likely to exacerbate the global decoupling between the US and China.
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2 weeks ago | 
bangkokpost.com | Somruedi Banchongduang
PUBLISHED : 10 Apr 2025 at 03:30 Rescuers search for victims in the collapsed State Audit Office building. The earthquake prompted SCB X to strengthen its business continuity plan to address earthquake risks. Nutthawat Wichieanbut SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), plans to strengthen its business continuity plan to address earthquake risks.
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2 weeks ago | 
bangkokpost.com | Somruedi Banchongduang
Cars awaiting loading onto cargo ships for export at Laem Chabang Port. The automotive sector could be dented by US reciprocal tariffs. (Photo: Patipat Janthong) The automotive and agricultural sectors are crucial areas requiring negotiation with the US to address the reciprocal tariffs imposed on Thai imports, says Kobsak Pootrakul, director and senior executive vice-president of Bangkok Bank.
