Articles in the Banking Category
Scotiabank’s Affiliate Thanachart Bank Reaches Agreement to Acquire Stake in Siam City Bank
Thanachart Bank today confirmed that it has reached an agreement to acquire almost 48 per cent of Thailand's Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand's Central Bank through the Financial Institutions Development Fund (FIDF). Canadian-based Scotiabank owns 49 per cent of Thanachart Bank.
Thanachart Bank today confirmed that it has reached an agreement to acquire almost 48 per cent of Thailand's Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand's Central Bank through the Financial Institutions Development Fund (FIDF). Canadian-based Scotiabank owns 49 per cent of Thanachart Bank.
Some Events cancelled in Bangkok, but normal bank operations continue
The Stock Exchange of Thailand has cancelled all activities to take place during March 12-14, on concerns over inconvience of visitors and their safety.
The Stock Exchange of Thailand has cancelled all activities to take place during March 12-14, on concerns over inconvience of visitors and their safety.
ICBC Submits Tender Offer for All Shares in Thailand’s ACL Bank
Industrial & Commercial Bank of China Ltd. submitted a tender offer to buy all shares in Thailand’s ACL Bank Pcl for 11.5 baht apiece, according to a statement from the Bangkok-based company to the stock exchange.
Industrial & Commercial Bank of China Ltd. submitted a tender offer to buy all shares in Thailand’s ACL Bank Pcl for 11.5 baht apiece, according to a statement from the Bangkok-based company to the stock exchange.
Thai GDP likely to grow higher than expected says HSBC
Thailand’s gross domestic product (GDP) will grow 4.6 per cent this year, higher than the 4.2 per cent forecast by many other financial institutions, according to projections by London-based global banking giant HSBC.
Thailand’s gross domestic product (GDP) will grow 4.6 per cent this year, higher than the 4.2 per cent forecast by many other financial institutions, according to projections by London-based global banking giant HSBC.
Future of Government’s 400-billion baht borrowing bill is still uncertain
The government's second Bt400-billion borrowing bill, now pending in Parliament, is facing increased uncertainty, due to the country's delicate political situation.
The government's second Bt400-billion borrowing bill, now pending in Parliament, is facing increased uncertainty, due to the country's delicate political situation.
Three banks offer financing for 7-Eleven franchise
Entrepreneurs wanting to jump on the 7-Eleven franchise bandwagon can now access financing from Siam City Bank, Kasikornbank and Siam Commercial Bank.
"We will allow individual investors to select successful outlets from the list of our 7-Eleven stores and turn them into their franchised outlets," Korsak Chairasamisak, CEO of CP All, the rights holder for Thailand, said yesterday.
Entrepreneurs wanting to jump on the 7-Eleven franchise bandwagon can now access financing from Siam City Bank, Kasikornbank and Siam Commercial Bank.
"We will allow individual investors to select successful outlets from the list of our 7-Eleven stores and turn them into their franchised outlets," Korsak Chairasamisak, CEO of CP All, the rights holder for Thailand, said yesterday.
Bangkok Bank will offer special deals at Money Expo Pattaya
Bangkok Bank will offer loads of special deals at Money Expo Pattaya 2010, including loans with special interest rates, discounts and free gifts.
Bangkok Bank will offer loads of special deals at Money Expo Pattaya 2010, including loans with special interest rates, discounts and free gifts.
China will be ready to move on yuan’s exchange rate
China will be "ready'' to deal with the currency exchange rate issue when its global partners begin to withdraw their stimulus packages, the deputy head of China's central bank said ...
China will be "ready'' to deal with the currency exchange rate issue when its global partners begin to withdraw their stimulus packages, the deputy head of China's central bank said ...
