The new signs have not had a clear impact on loan growth as it is the first stage of restoring confidence, said chief executive
After the bank's outstanding loans at the end of March shrank 0.4% from the end of December to
"Japanese investors have splashed a lot of money here after the floods [in late 2011] and they have no need for new investment at the moment,"
Japanese investors have become BAY's targeted customers after
Its percentage of bad loans at the end of March rose to 2.97% from 2.67% at the end of December due largely to higher NPLs among small and medium-sized enterprises (SMEs) and retail loans.
BAY is eyeing 500,000 employees of Japanese companies that have used financial services at BTMU's
BAY yesterday launched the Krungsri Thai Benefit Package, which combines a savings account, debit card and Visa Platinum credit card.
"In the initial stage, the product will be offered mainly to Japanese expatriates who are relocating to
The package for Japanese is in line with BAY's policy to become the primary local bank for them. It has opened a desk manned by Japanese-speaking staff at the Siam Paragon branch, with more to come.
BAY shares closed yesterday on the SET at
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