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Indian bank branches operating abroad witnessed credit growth of 31.7 per cent to Rs 5.86 lakh crore ($ 107.7 billion) in 2012-13, while their deposits grew by 45.5 per cent to Rs 3.93 lakh crore, RBI data showed today. Credit extended by foreign
THE economy struggling to grow, Kasikornbank is taking a closer look at transactional banking, especially upcountry, including border provinces. The unexpected boom in financial activities in border provinces from people in neighbouring countries
Arthid Nanthawithaya, a senior executive vice president and head of SCB's wholesale banking group, said that while the bank would continue to actively support funding to customers in the financial and capital markets, lending to sectors such as
Hence, we have revised down our earnings projections by 3percent for FY14 to Bt33.5bn and by 5% to Bt36.5bn for FY15. As such, our YE14 KTB target price declines to Bt21.25 (from Bt24), pegged to an unchanged justified PBV of 1.33x. There would be
Core business remains steady SCB posted 3Q13 net profit at B12.7bn as expected, stabilizing qoq but surging 29.6%yoy. Net interest income growth in 3Q13 stood at 5.3%qoq and 16.5%yoy, better than expected...Small and medium SME and retail loans,
42 pm 3Q13 profit weakens slightly...Q13 net profit at B10.7bn, 4% better than our projection, shrinking 2.4%qoq but still growing 16.3%yoy, thanks to fee income that rose 2%qoq and 20.6%yoy, mostly fee income from loan-related transaction and credit
The result was 5.8% below our forecast and 1.4percent short of the Bloomberg consensus, as the bank set very heavy loan loss provisions of Bt4.2bn (we had expected only Bt2.7bn). Pre-provisioning operating profit was Bt19.7bn, up by 31% YoY and 9%
52 pm Q3 2013 shrinks less than expected qoq...Loans remain weak, fee income drops BBL posted 3Q13 net profit at B8.96bn, 4% higher than our projection but contracting 12.7%qoq (growing 9.2%yoy) due to following factors.
33 am 3Q13 profit worse than expected...Though B138m profit from sales of NPA from the total principal of B541m was recognized, the profit was negated by B401m loss from sales of repossessed cars in 3Q13, as used car price fell by 20-25%.
31 pm 3Q13 profit rallies stronger than expected...Provision normalizes TMB reported 3Q13 net profit at B1.87bn, 7% higher than our projection, skyrocketing 642.3%qoq and 67.1%yoy due to the following factors...Credit cost normalized to 101bp from