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Siam Commercial Bank easing lending terms, sets 90 billion baht goal

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Siam Commercial Bank has set a new loan target of between 80 billion and 90 billion baht for 2010, and has eased lending conditions in line with the improving economy.

SCB president Kannikar Chalitaporn discusses the outlook at a briefing yesterday.

Bank president Kannikar Chalitaporn said the bank aimed for loan growth of 7% to 10% this year, based on an economic growth forecast of 3.5% to 4.5%.

SCB's corporate banking business is expected to show significant growth of 11% to 14% this year from a portfolio of 320 billion baht at the end of December.

Siam Commercial Bank

Small and medium-sized business lending, which totalled 130 billion baht at the end of 2009, is projected to grow 4.7% this year. Consumer finance is expected to grow 6% to 10% this year from its portfolio of 300 billion at the end of December.

SCB, which tightened its lending criteria since late 2008 in response to the global crisis, will now ease loan terms in light of the economic recovery.

via SCB easing lending terms, sets B90bn goal.

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.

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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.

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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.

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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.

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