Thailand

Recovery is not expected to begin until end-2022, says GlobalData.

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.

K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.

The partnership expands the online merchant payment network in Thailand.

Market rebounded in H2 2020 and raised higher capital compared to 2019.

Holding company Central Group received more than $20m under the credit facility.

The country is Asia's second most active IPO market in 2020.

UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.

They expect around 100,000 loan applications to be approved by 2021.

Supaneewan Chutrakul is the First Senior Vice President for the Retail Business Division at KASIKORNBANK. She is in charge of supervising KBank’s Retail Innovative Business Solution Department to actively develop a new digital financial platform to serve customers' lifestyle together with the key strategic partners such as Facebook, JD Central, Grab, LINE Finance, Chulalongkorn University, PTT, amongst others.

It will cut the amount of reserved provisions, but lower future interest income.

About 60% of the population are more attuned to digital services.

Capital funds and provisions were raised to guard against the slump.

It will make use of a cloud-exporting model developed by Lufax Holding.

The lender has set aside $305.4m of provisions given ongoing uncertainties.