Banking

Government Housing Bank of Thailand reports $46.5 million profit in Q1

Published

11 years ago

May 11, 2010

The Government Housing Bank (GH Bank) has generated 1.49 billion THB in net profit for the first quarter of 2010 out of the year-round target of 5.27 billion THB.

According to GH Bank President Khan Prachuabmoh, the bank enjoyed total credit extension of 25.59 billion THB in the first quarter of this year as the net profit amounted to 1.49 billion THB. The bank saw 550 billion THB in deposits while its non-performing loan (NPL) stood at 8.92%, a decrease from 10.51%.

The GH Bank’s high profit and healthy credit extension resulted from the government's tax reduction policy to assist the property sector.

via GH Bank gains 1.49 bn THB in profit in Q1 : National News Bureau of Thailand.

Banking

Thailand’s Public debt to GDP ratio within framework says Finance Minister

Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent.

Published

1 month ago

November 27, 2020

National News Bureau of Thailand

BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence index and domestic spending, showing positive signs.

(more…)

Banking

Raising inequality posing credit risks for sovereign in APAC countries

Governments with weaker social protection systems and tighter fiscal positions will face tougher challenges in tackling income inequality

Published

1 month ago

November 24, 2020

Pr News

Moody’s Investors Service says in a new report that the impact of the coronavirus pandemic will exacerbate income inequality in APAC, posing credit risk for sovereigns across the region and in particular for those with weaker fiscal capacity and social protection systems.

(more…)

Banking

Bank of Thailand steps in to curb recent baht strength

Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities

Published

1 month ago

November 22, 2020

Olivier Languepin

In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects the fragile economic recovery.

(more…)