BBL: Asset quality remains sound in China and Vietnam. Despite the slowing economic growth in China and Vietnam, BBL said that its asset quality in both countries remains good. NPL stood at a low 1% of its loan in China and 2% in Vietnam. This is because their loans are geared towards real sector in […]
Read More →BTS BTS lays tracks for infrastructure IPO — BTS wants to bid for three mass transit rail projects worth a combined Bt100bn, of which Bt30bn will be allocated from the imminent launch of its infrastructure fund, from which it expects to raise more than Bt60bn. Chairman Keeree Kanjanapas said the BTS, the first company to […]
Read More →AMATA AMATA to set up property fund this year — AMATA aims to set up a real estate property fund this year. It said sales have grown by 10-20% from last year’s 2,800 rai. It has also secured a backlog of land worth Bt7.6bn, which is expected to be recognized this year. The company will […]
Read More →BANPU May not make provisions for lawsuit — BANPU may not set provisions for lawsuit by Siva after the Laos government found that BANPU has the right to terminate the contract with Mr. Siva. Management expects this case to take years before a decision is made. (Khao Hoon, 14/12/12) BTS BTS plans US$1.5bn IPO for […]
Read More →Analysts have been sending me this table most of today with the headlines that Thai Bank’s loan growth has been slowing in the month of August but a MoM growth of +1.0% for the whole sector isn’t bad. Based on the figures this is what I see: The Small financial institutions (KK and TISCO) have […]
Read More →Earlier today the local media report that the Ministry of Finance, Bank of Thailand and the Thai Bankers Association agreed to increased the Financial Institutions Development Fund fees from 0.4% to 0.47% for deposits (0.46% to fund FIDF debt and 0.01% to the Deposit Protection Agency). These new rates are expected to be implemented by […]
Read More →I touched on the fact that the government was trying to transfer the FIDF (Thailand’s loans from the ’97 asian financial crisis) from the government’s balance sheet to the Bank of Thailand’s balance sheet. And now there is a recent development, according to local news today the BOT Governor is exploring ways to make up […]
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