Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…
Thailand Post branches out into banking Thailand Post has joined hands with 10 banks to provide money deposit services via its 1,200 branches and counter services nationwide. The firm expects 50,000 transactions per month with value of around Bt700 million in the next three months. Thailand Post president Smorn Terdthumpiboon said the firm is partnering…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
First Bank In Thailand To Use Facial Recognition To Open Accounts Krungsri Bank has introduced facial recognition for verifying the identities of its customers Krungsri (Bank of Ayudhya) has introduced facial recognition through electronic Know Your Customer (e-KYC) technology for verifying the identities of people as they open a deposit account. Under the Bank of Thailand’s…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
$11.7 Trillion Rated Debt Have High Risk Exposure To Cyber-Attacks As the potential for significant cyberattacks rises globally, the growing intersection of supply chains, connectivity and access to data is creating new vulnerabilities for governments and businesses. “We view cyber risk as event risk that can have material impact on sectors and individual issuers,” Moody’s…
Thailand’s TMB and Thanachart bank sign $4 billion merger MOU BANGKOK (Reuters) – Thailand’s TMB Bank said on Tuesday it signed a non-binding agreement to merge with Thanachart Bank in a deal worth up to 140 billion baht ($4.47 billion), which would make the new entity the sixth largest bank in the country. The planned…
UOB Launches Mobile-Only Bank In Thailand Thailand’s digital generation will be the first consumers in ASEAN to experience TMRW, a digital bank powered by United Overseas Bank (UOB). According to a press release issued by UOB, TMRW aims to make banking simpler, more transparent and more engaging for its customers through the use of data.…
Relentless Rise Of Thai Baht Causes Exporting Concerns Commerce Ministry officials fear that continued currency strength could hinder Thai exports. The Thai baht has been relentless in its pursuit of the dollar, with the baht set to finish the financial year once again as one of Asia’s strongest performing currencies. The Thai baht’s climb against…
Thailand Leads Mobile Banking Penetration That is well ahead of the global rate of 41% and higher than China, at 61% Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social. That puts…