Customer takes over: Thai bank is the stockmarket's darling
Article Abstract:
Krung Thai Bank Ltd's stocks gained a significant advance as a result of large-scale changes introduced by its president Sirin Nimmanahaeminda. Its profits increased by 176% since early 1992 and gross spreads or difference between deposits and loans rose to 3.6%. The restructuring program involved an increase in cash circulation at Krung Thai branches by opening seven cash-management centers and by investing money in short-term transactions. Meanwhile, Sirin plans to commercialize the bank by extending its services to private corporations together with its public-sector clients.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Profits before Anand's rules
Article Abstract:
Thai head of government Anand Panyarachun has effected reforms expected to provide new challenges to the banking industry. Among these reforms are the setting up of a Securities and Exchange Commission,the putting into effect by the Bank of International Settlements of a capital adequacy regulation, and the implementation of changes in tax rules affecting capital markets. Thai banks aim for the following objectives in light of the reforms: expansion into markets in China, Burma and Indochinese countries and the establishment of Thailand as a global finance centre.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Young execs ride high
Article Abstract:
Earnings for Thai banks went up by an average of 42.5% since 1991 at the same time that seven of these banks, including the five biggest, acquired new presidents. Continued profitability in the first half of 1993 further boosted the new leadership's prestige and placed Thai banks among the world's strongest. Two emerging issues now face the new presidents: the need to bolster bad-debt reserves and the government's call for increased lending to aid the growth of rural industry.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Dresdner quits European mezzanine market. ING loses Barings. ArosMaizels' star rises in the North
- Abstracts: The storm breaks over Europe. Giants gather at the gate
- Abstracts: Matters of opinion: Japan reviews legal market. Predators eye the carrion. Marriages of convenience
- Abstracts: Big chill. Roaring back; Taiwan's relief sends stockmarket activity soaring. Year of the bull, too?
- Abstracts: Clinton's message. The royal banners forward go. Keep it simple, Bill