Tagged: Bangkok Post

GSB keeps merger option

GSB keeps merger option

The Government Savings Bank (GSB) will continue to focus on supporting government projects, including possible mergers with the ailing Islamic Bank of Thailand and SME Bank. The bank has targeted non-performing loans (NPLs) at 1.15% of total loans this…

For SME and Islamic banks, what went awry?

For SME and Islamic banks, what went awry?

Due to complete management failure, two state-controlled banks, the SME Bank and the Islamic Bank of Thailand, are now dealing with bad loans in excess of 80 billion baht. This management failure is collective, whether it be the executives and director…

Call 191 _ Islamic Bank is bleeding

Call 191 _ Islamic Bank is bleeding

The Islamic Bank of Thailand has experienced deposit runs due to worries about its financial stability. The state-controlled bank reported some 5 billion baht worth of withdrawals over the past two weeks following reports of its weakening financial sta…

Rehab key to IBank capital

Rehab key to IBank capital

The Finance Ministry is supervising and working on a restructuring of The Islamic Bank of Thailand, or IBank. The ministry’s approval for a capital increase depends on the success in the restructuring plan, according to Somchai Sujjapongse, the direct…