Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Banks cut home loan interest rates Business

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
Thailand gives urgent support to tourism operators World

Thailand gives urgent support to tourism operators

Thailand’s economic ministers on January 31 endorsed urgent aid measures for tourism operators battered by the coronavirus outbreak. According to local media, the measures include a soft-loan scheme and principal and interest payment suspension for six months by state-owned banks, including Krungthai Bank, Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives.