- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
Siam Commercial Bank still stays in healthy financial status in 3rd quarter 2009
By k on October 26, 2009
BANGKOK, 26 October 2009 (NNT) – The Bank of Thailand (BoT) says that Siam Commercial Bank’s turnover in the 3rd quarter 2009 goes against the global economic slump due to the overrated reserves on non performing loans (NPL).
Assistant Governor of the Financial Institutions Policy Group, Bank of Thailand Krirk Vanikkul said that Siam Commercial Bank reported the revenue of 24,987 million baht in the 3rd quarter statement or an increase of 5.63% in revenue, compared with the recent year.
He also said that Siam Commercial Bank was still in a healthy financial status in the 3rd quarter 2009 as a result of 85% overrated reserves on non performing loan following the rule of multinational accounting (IAS39) from the last 3 years, causing Siam Commercial Bank to be in secure position in this year.
Mr Krirk added that all BoT had to do now was to keep watch on NPL while letting Siam Commercial Bank to make loan leasing on its own ways.
Related posts:
- sets loan target at 28 billion baht for 2009 :EXIM BANK BANGKOK, 27 July 2009 (NNT) – The President of...
- Thailand’s central bank requires financial institutions to justify loan rejections BANGKOK, Jan 22 (TNA) – Bank of Thailand (BoT) Assistant...
- Financial institutions to issue commercial credit cards for non-juristic SMEs BANGKOK, July 7 (TNA) — In an attempt to enable...
- KTB awarded 2009 Bank of the Year BANGKOK, 7 January 2010 (NNT) – The state-owned Krung Thai...
- BoT expects lending to surge in 4th quarter BANGKOK, Sept 22 (TNA) – Lending by commercial banks is...
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Thai-Myanmar trade exceeds target
February 9, 2010
BANGKOK, 9 February 2010 (NNT) — Trade along the Mae Sot - Myawaddy border in Tak province has increased by 15-16 billion THB year-on-year with a tendency to reach an all-time high of 23 billion THB.
Mae Sot Border Official Pongthep Buasap said the border trade had risen by 28-30% compared to the same period last [...]
Bank And Finance »
BoT to collect regional economic data
February 6, 2010
BANGKOK, 6 February 2010 (NNT) – The Bank of Thailand (BoT) is going to send teams to local areas to collect economic data for an analysis of the Thai economy by the Monetary Policy Committee.
Senior Director of the BoT’s Domestic Economy Department, Suchart Sakkankosone, said the data to be gathered on 9 February was from [...]
General News »
10% of foreign workers apply for work permit renewals
February 8, 2010
BANGKOK, Feb 8 (TNA) – Only 10 per cent, or around 140,000 foreign workers whose work permits expire at the end of February, visited Provincial Employment Offices to apply for document renewals, according to Thailand’s Foreign Workers Administration.
Foreign Workers Administration director Tanich Numnoi said all work permits and applications for nationality verification for an estimated [...]
Economy »
Gold price remains unpredictable after Chinese New Year
February 8, 2010
BANGKOK, 8 February 2010 (NNT) – The gold price is still difficult to predict until after the Chinese New Year. However it will not climb up beyond 19,000 THB as it did in the previous quarter, says the Gold Traders Association President, Mr Jitti Tangsitpakdee.
Mr Jitti stated that the descending gold price in the American [...]
Energy »
Energy Ministry confirms no blackout during closure of Yetagun gas field
February 9, 2010
BANGKOK, 9 February 2010 (NNT) – The Energy Ministry is confident there will be no blackout during the closure of the gas field in Yetagun, Myanmar, at the end of March.
Mr Sarawut Kaewtathip, an analyst from the Energy Ministry, said that Myanmar has planned to close the gas field in Yetagun for 7-10 days to [...]
Politics »
Hun Sen´s criticism against Abhisit resulted from anger
February 9, 2010
BANGKOK, 9 February 2010 (NNT) – Cambodian Prime Minister Hun Sen strongly criticized Thai Prime Minister Abhisit Vejjajiva because he was angry that he was unable to enter Prasart Ta Muen Thom in Suring province during his visit yesterday, according to Deputy Prime Minister for Security Affairs Suthep Thaugsuban.
Mr Suthep viewed that the Cambodian Prime [...]