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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.

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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.

Asean

12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)

The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.

Asian Development Bank

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Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.

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Banking

Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses

Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.

Olivier Languepin

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The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.

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Banking

APAC Banks to Face Portfolio Valuation Losses As Yields Rise

The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.

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Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.

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