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.

Thai economy shrinks amid global economic volatility: BoT

Worldwide downward economic trends have not bottomed out, Mrs. Tarisa warned, speaking on “Viewpoints on Money and Capital Market Situation,’ the central bank chief said that the global economic conditions had not yet bottomed out despite the latest home building data shows 22 per cent growth in the United States. The world economy this year is quite uncertain and worse than earlier predicted. It will affect the Thai economy, which is likely to shrink for the first time since 1998. However, she believed the impact on Thailand will not be as severe as that in 1997 when the country’s economy was in crisis. She said the central bank will revise Thailand’s gross domestic product (GDP) estimate for 2009 in April because all recently released economic data are delivering only bad news.

Bad loans rising with sluggish economy, says Bank of Thailand

BANGKOK, March 19 (TNA) Bank of Thailand (BoT) Governor Tarisa Watanagase on Wednesday conceded that non-performing loans (NPLs) incurred by the country s financial institutions were rising as a resu…