Moody’s downgrades BCAs of Kasikornbank and Siam Commercial Bank

Moody’s has also downgraded the Baseline Credit Assessments (BCAs) of KBank and SCB to baa2 from baa1, reflecting the structural challenges to their asset quality and profitability that are exacerbated by the slow economic recovery in Thailand

Thai banks net profit stood at 146.2 billion baht in 2020

The Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19 pandemic. according to latest Bot assessment.

AMLO is investigating four Thai banks’ alleged role in suspicious transactions

Thailand’s Anti-Money Laundering Office (AMLO) is verifying a report, by the International Consortium of Investigative Journalists (ICIJ), stating that four Thai banks have been involved in suspicious financial transactions over nearly two decades.

Four Thai banks Probed Over Anti-Money Laundering Investigations

Four Thai banks allegedly involved in suspicious financial transactions are under investigation from the Anti-Money Laundering Office (Amlo)

BoT starts offering soft loans totaling 24.2 billion baht

Soft loans sourced by the BOT will be distributed mostly to individual SMEs, the credit lines of which don’t exceed 20 million baht, accounting for 76 percent of all clients.

Moody’s affirms Bangkok Bank’s ratings on Bank Permata takeover

Bangkok Bank Plc agreed to buy 89.1% of Indonesia’s PT Bank Permata for about US$2.7 billion.

Bangkok Bank confident on Asean growth despite trade tensions

Bangkok Bank President Chartsiri Sophonpanich spoke of the economic potential of ASEAN, despite concerns over the trade dispute between the US and China

Your Bank Account in Thailand: Resident or non resident?

As a foreigner in Thailand, you may wish to open a bank account in the country to accommodate your financial needs or investment portfolios. You may therefore wonder whether you can open a bank account in Thailand and what types of accounts are available to you.