TAT co-brands “Miracle Thailand” debit Card

Offered as part of a campaign entitled, “Miracle Thailand Card for the Miracle Journey in Thailand”, the card is valid for use from now until December 31, 2012.

Malaysia: Taking Islamic finance further

Malaysia’s Islamic finance sector is further consolidating its position as a market leader, moving to broaden its product range and expand its reach, though it may need to keep an eye on rivals aspiring to emulate its success.

Bank of Ayudhya posts net profit 24% growth from 2Q/09

Bangkok, 21 July 2010:  Bank of Ayudhya Public Company Limited announced an improvement in its operating performance for the second quarter of the year. The Bank and its subsidiaries (KRUNGSRI Group) result highlights, are as follows: Bank of Ayudhya posts 2.14 bn in net profit for 2Q/10,A 24% growth from 2Q/09 • Baht 6.20 Billion operating profit before provisioning for doubtful accounts and taxes, a 31% and a 1% increase as compared to 2Q/09 and 1Q/10, respectively.

Kasikornbank offers one-day fund transfers to China

Kasikornbank becomes the first Thai bank to provide the US dollar-denominated fund transfer services to China.

Most thai banks have better results in 2009

As further evidence of the Thai banking sector’s resilience to the global economic crisis, all but two institutions releasing their 2009 financial results managed to end the year with higher earnings than in 2008.