Oldest Thai Bank Out of Favor Among Analysts as Bad Loans Rise
By Anuchit Nguyen and Lee J Miller
January 23, 2020, 4:00 AM GMT+7
The Siam Commercial Bank head office in Bangkok on July 11, 2019. Photographer: Luke Duggleby/Bloomberg
Siam Commercial Bank PclshareholderAsia Plus Securities Co.
Soaring Defaultsdecline since 2008 on Jan. 20, the first trading day after the fourth-quarter earnings report showed a jump in bad-loan provisions. Asia Plus, Credit Suisse Group AG and JPMorgan Chase & Co. were among the brokerages that cut ratingsBangkok Bank Pcl to make acquisitions, she said.
Bangkok Bank last month announced that it would acquire a controlling stake
By Anuchit Nguyen and Lee J Miller
January 23, 2020, 4:00 AM GMT+7
- Siam Commercial rating tumbles to second-lowest in Asean index
- A third of analysts cut ratings after latest earnings report
The Siam Commercial Bank head office in Bangkok on July 11, 2019. Photographer: Luke Duggleby/Bloomberg
Siam Commercial Bank PclshareholderAsia Plus Securities Co.
Soaring Defaultsdecline since 2008 on Jan. 20, the first trading day after the fourth-quarter earnings report showed a jump in bad-loan provisions. Asia Plus, Credit Suisse Group AG and JPMorgan Chase & Co. were among the brokerages that cut ratingsBangkok Bank Pcl to make acquisitions, she said.
Bangkok Bank last month announced that it would acquire a controlling stake
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