News
Ten banks see profits rise 8%
Ten banks have announced that their combined net profit in the first quarter of this year was Bt55.71 billion, up 8 per cent from the same period of last year, thanks to increases on both interest and non-interest income. Most of their non-performing-loan ratios in ...
KBank keen to buy Indonesian banks
Thailand’s fourth-largest bank, Kasikornbank, is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. The regulations require foreign banks to buy more than one bank, and that the ...