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.

Thailand and Japan sign deal to promote yen and baht in direct trade

Thailand and Japan signed a Memorandum of Cooperation between the Ministry of Finance of Japan and the Bank of Thailand on the Cooperation to Promote the Use of Local Currencies

Thailand Economic Forecast 2013

Economic Growth (GDP) GDP is expected to grow by 4.9% driven by the strength of domestic economy according to a research unit of SCB Bank. Thailand’s domestic demand is expected to grow well.

Thai Banks set for 31% profit surge

Overall net profit of 10 commercial banks is expected to record 31-per-cent growth to nearly Bt170 billion in 2012, though the fourth-quarter results were somewhat weakened by loan-loss provisions and cost-to-income ratios.

Growth momentum encourages Foreign banks operating in Thailand

Foreign banks operating in Thailand reiterated their readiness to increase lending in an effort to help maintain the country’s economic growth momentum.Thai banks provide a wide range of services throughout the country. Most foreign banks are represented, however, at this stage they offer limited services to the individual consume

Thailand likely to grow 6-7% in 2010, says Siam Commercial Bank chief economist

Thailand’s economy is expected to grow around 6-7 per cent this year, given improvements in many economic indicators, according to a leading economist.

Four banks to close all BK branches

As the situation is escalating, the Bangkok Bank, Krung Thai Bank, Kasikornbank and Siam Commercial Bank will close all of their Bangkok branches at 1pm on Wednesday, Prasarn Trairatvorakul, chairman of the Thai Bankers Association said.