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Thailand: BBL predicts digital normal

Bangkok Bank (BBL) expects most basic banking transactions to be made over the digital channel within the next three years.  With the online banking boom, 90% of the bank’s basic transactions, including fund transfers and payments, are expected to be done through mobile apps within that period, said Prassanee Ouiyamaphan, executive vice-president of BBL.  BBL’s digital […]

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Thailand: Countdown to mortgage requirements

On Nov 9, 2018, the Bank of Thailand announced new requirements on down payment rates for mortgages that will take effect on April 1, 2019.  Homebuyers who purchase a residential unit priced lower than 10 million baht and seek a second or subsequent home loan will be required to make a down payment of at least […]

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