Banking and financial services

The Bank of Thailand (BOT) on Tuesday has amended conditions in soft loan decree to be more accessible to a wider range of borrowers, focusing on assisting SMEs in surviving during the pandemic.The BOT and the Finance Ministry have discussed with related parties to offer ...

The Thai financial system has become more vulnerable due to negative shocks from the recent Covid-19 outbreak, says the Bank of Thailand (BoT).The financial situation of Thai households has become more fragile as reflected in the elevated debt-to-income ratio which is higher compared to other ...

The state-owned lender Government Savings Bank (GSB) temporarily stopped accepting applications for its Covid-19-relief loans on Thursday as more than 100,000 requests are pending in the system, amid online backlash.“We expect to resume taking loan applications again early next week,” said GSB director Withai Rattanakorn ...

The Bank of Thailand (BoT) is concerned with the expected higher number of non-performing loans (NPLs) of tourism-related businesses in the second quarter of this year because of the the third wave of Covid-19.Both the BoT and financial institutions are concerned about rising NPLs in ...

Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections.The outbreak, the country’s biggest so far, has hit consumption and tourism, ...

A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45 per cent) were likely to avoid using cash after the Covid-19 pandemic ends.The study also delves into which activities Thai consumers are looking forward to spending on when recovery ...

Liquidity in the domestic banking sector has been declining due to higher deposit withdrawals from business operators attempting to cope with the impact of the prolonged pandemic.According to Kasikorn Research Center (K-Research), outstanding deposits at 19 registered commercial banks in the first quarter of 2021 ...

Ten SET-listed commercial banks restrained their non-performing loan (NPL) ratio in the first quarter of 2021 as they set aside a relatively high provision for loan loss amid uncertainty brought about by the pandemic.Among the big players, Bangkok Bank (BBL) and Krungthai Bank (KTB) reported ...

The Bank of Thailand said on Monday the current Covid-19 outbreak was highly uncertain and it was ready to introduce necessary assistance measures in addition to recent support schemes.The central bank is also closely monitoring the situation and discussing with relevant agencies help for retail ...

Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic.According to the Bank of Thailand, e-money spending value has continued to increase for the past five years.Keep reading ...