Bank And Finance

Additional banks declared closed during UDD rally

By k on March 15, 2010

BANGKOK, 14 March 2010 (NNT) - Commercial banks have requested temporary suspension of their operations at 17 branches located in Bangkok from 15 March onwards owing to the mass rally of the anti-government United Front for Democracy against Dictatorship (UDD), according to the Bank of Thailand.

Krung Thai Bank is closing its branches located on Ratchadamnoen [...]

Security, cash reserves of banks well-prepared

By k on March 12, 2010

BANGKOK, 12 March 2010 (NNT) – Commercial Banks have prepared security measures and adequate cash reserves upon the mass demonstration of the anti-government United Front of Democracy Against Dictatorship (UDD).
Kasikorn Bank CEO Banthoon Lamsam stated that cash withdrawal of customers at present was normal, and the bank would not increase the amount of cash reserves [...]

Bangkok Bank foresees 4-5% econ expansion

By k on March 11, 2010

BANGKOK, 11 March 2010 (NNT) – Bangkok Bank says the Thai economy is likely to expand by 4-5% due to recovery, asking the Bank of Thailand (BoT) to adjust the policy interest rate in line with the national economy.

Speaking about the direction of the Thai economy this year, Bangkok Bank President Chatsiri Sophonpanich forecast that [...]

Bank of Thailand keeps interest unchanged at 1.25%

By k on March 10, 2010

BANGKOK, March 10 (TNA) –  The Bank of Thailand (BoT) on Wednesday decided to maintain its policy interest rate at 1.25 per cent per annum and will consider adjusting it to normal levels during the next meeting on April 21 if no incident likely to severely affect the economy occurs.
The Monetary Policy Committee (MPC) decision [...]

Bankers permitted to halt ATM, close bank branches in emergency

By k on March 9, 2010

BANGKOK, Mar 9 (TNA) – The management of Thailand’s commercial banks are permitted to instruct an immediate halt to ATM services or the operations of bank branches in risk-prone areas without prior consent from the central bank,  according to Bank of Thailand (BoT) Deputy Governor Krirk Vanikkul.
The BoT decision was made amid mounting rumors that [...]

BAAC ready to help farmers suffering from drought

By k on March 8, 2010

ANGKOK, 8 March 2010 (NNT) – The state-run Bank for Agriculture and Agricultural Cooperatives (BAAC) is ready to help farmers from the drought crisis by issuing loans and moving forward the weather insurance scheme.
According to BAAC President, Luck Wajananawat, the bank will approve short-term loans for farmers for irrigation system development. The six-month period loan [...]

Exim Bank to expand loans and services for investment abroad

By k on March 6, 2010

BANGKOK, 6 March 2010 (NNT) – Export-Import Bank of Thailand or EXIM Bank is ready for loan issuance and information services to support Thai investment abroad particularly in the Mekong sub-region countries.
The EXIM Bank managing Director, Apichai Bunteeravorn, stated that the bank was in the process of expanding credit release and information services for all [...]

EXIM´s loans given to Myanmar to be reconsidered

By k on March 4, 2010

BANGKOK, 3 March 2010 (NNT) - The Finance Ministry and the Export-Import Bank of Thailand (EXIM) will work together to review the conditions of loans given to Myanmar. There will also be discussions on the modification of the telecom tax during the premiership of ousted former premier Thaksin Shinawatra.
Evaluation of the effects and total damage [...]

GH Bank offers express housing loans before tax stimulus expires

By k on March 3, 2010

BANGKOK, 3 March 2010 (NNT) – The Government Housing Bank is offering a special express loan package before the tax stimulus for real estate expires at the end of March.
Following a recent ministerial resolution to lift the property tax incentives, Director of the GH Bank, Mr Khan Prachuabmoh, said the bank is prepared for an [...]

SCB awaits court orders to proceed with the asset seizure

By k on February 27, 2010

BANGKOK, 27 February 2010 (NNT) — As the main bank that services the accounts and investment unit of the assets involved in the court confiscation of the 43.6 billion THB, Siam Commercial Bank (SCB) is awaiting for the court directions on how to proceed with the amount handed to state.
The SCB however ensures that the [...]

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