The military has helped in mediating informal debts owed by over half a million people Police had arrested 161 informal creditors on fraud charges and seized about 80 million Baht worth of valuables. The military has helped in mediating informal debts owed by over half a million people and has managed to return to the…
The new mortgage-lending rules are credit positive because they will help to reduce speculative buying says Moody’s Under the new rules, the maximum loan-to-value (LTV) ratio will be restricted at 80% on new mortgages for homes worth more than 10 million baht. On 4 October, the Bank of Thailand (BOT, Baa1) announced measures to tighten…
US dollar appreciation raises credit risk for sovereigns with large external funding needs according to Moody’s report. Countries with large current account deficits, high external debt repayments and substantial foreign-currency government debt are most exposed but Thailand is among the least vulnerable countries to a stronger dollar. The strengthening US dollar since mid-April has prompted…
The President of Bangkok Bank spoke today at the AEC Business Forum 2018, expressing confidence in the ASEAN economy Bangkok Bank President Chartsiri Sophonpanich spoke of the economic potential of ASEAN, despite concerns over the trade dispute between the US and China The President of Bangkok Bank spoke today at the AEC Business Forum 2018,…
Out of a total of 19 million credit cards, the bureau said that one million cards were involved in the 51 billion baht worth of NPLs for the first quarter of the year The amount of non-performing loans (NPLs) from credit cards during the first quarter of 2018 fiscal year has jumped to 51 billion…
Over 4,000 bank accounts in Thailand are suspected to be opened by individuals hired by criminals 36 commercial banks and financial institutes have agreed to tighten up the screening of new applicants Over 4,000 bank accounts are suspected to be opened by individuals hired by tricksters, drug traffickers, call centre scammers or other criminal elements…