Most local banks have enjoyed a steady increase in new lending during the past several months as consumers and companies alike ramp up their buying and investment plans for the second half.
Siam General Factoring reported a net profit of 28.9million baht for quarter two 2003, compared with 12.7million baht for the same period 2002, an increase of 127.6%.
Amid an apparent renaissance of small-business spirit, the government will provide financial and consultation services to young entrepreneurs between 20 and 30 who start "smart enterprises", Deputy Prime Minister Somkid Jatusripitak, said yesterda
Small businesses have been a major beneficiary of recent government efforts to extend financial and technical support to help improve the overall competitiveness of the country's industrial base.
More than 200 foreign and Thai small- and medium-sized enterprises (SMEs) are expected to attend the Asia Pacific Economic Cooperation (APEC) ministerial meeting, taking place in Chiang Mai on 7 of August 2003.
The state-initiated SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as a source of funds for small- and medium-sized enterprises (SMEs).
The Small and Medium Enterprise Development Bank of Thailand (SMED Bank) announced that new lending in the first six months 2003 totalled 9.5 billion baht, with a further 5.2 billion baht generated by the bank’s factoring operations.
The SME Development Bank (SME Bank) has cut lending rates in a bid to help the country's newest bank meet its lending target of 30 billion baht for the year.
Siam City Bank reported first-half pre-provisioning profits of 3.54 billion baht, well up from 2.25 billion last year.
The Industrial Finance Corporation (IFCT) has been given three months to complete a study on ways to transform the special-purpose financial corporation into a commercial bank, according to IFCT president Anothai Techamontrikul.
