Connect with us

Banking

Thai Banks remain resilient resilient but risks remain

Published

on

Thai banks are expected to continue to show resilience after economic and political shocks in the past two years, International ratings agency Fitch Ratings said in its special report released on Tuesday.

“The heightened operating risks from the prolonged political turmoil in Thailand and still weak economic environment, could impact profitability, loan growth and asset quality in the medium term. However, strong capital and liquidity should help at least the stronger banks to maintain overall performance in 2010,” said Vincent Milton, Managing Director of Fitch Ratings Thailand and a Senior Director of Financial Institutions at the agency.

bank atm

“The three bellwether banks, Bangkok Bank Public Company Limited, Siam Commercial Banks Public Company Limited and Kasikornbank Public Company Limited continue to outperform the sector with Bank of Ayudhya Public Company Limite also emerging as a strong performer. TMB Bank Public Company Limited still lags, although its performance has stabilized andshould improve in 2010,” Mr Milton noted.The report entitled “Thai Banks: 2009 and Q110 Review and Outlook — Resilient, But Risks to Outlook Remain” states that although Thailand’s economic outlook for 2010 appears to be improving, overall conditions are likely to remain weak.

via Fitch: Thai Banks’ performance resilient; risks remain.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

Published

on

e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

(more…)
Continue Reading

Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

Published

on

BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,159 other subscribers

Wise

Recent