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Changes at the top of KBC Group Subject to the approval of the Annual General Meeting of Shareholders on 6 May 2021, KBC Group will reshuffle its Executive Committee: Rik Scheerlinck, KBC Group CFO, who reached the statutory age limit in January 2021, will retire after a career of 37 years with KBC.
Luc Popelier, the current CEO of the International Markets Business Unit, will succeed Rik Scheerlinck as CFO and Executive Director of KBC Group. Luc will also oversee Markets and KBC Securities.
On the recommendation of the KBC Group Nomination Committee, the Board of Directors has appointed Peter Andronov, the current CEO of UBB and Country CEO for Bulgaria, to the Executive Committee and successor to Luc Popelier as CEO of the International Markets Business Unit. Peter will also oversee KBC Asset Management. ....
GH Bank aims to provide housing loans worth 215 billion baht this year. (Photo by Patipat Janthong) State-owned GH Bank expects domestic interest rates will remain low over the next three years, providing a golden opportunity for people wanting to own their own homes. GH Bank s interest rate for home loans stands at 3% ±0.25% at present, a very low rate for the past decade, said Chatchai Sirilai, GH Bank s president. Low interest rates reduce borrowers monthly instalment payments. The price of property in Thailand has also fallen, with a large quantity of pre-owned homes available in the housing market, said Mr Chatchai. ....
US stimulus hopes keep equities aloft published : 13 Feb 2021 at 04:00 1 Recap: Global stocks and emerging markets hovered near record highs as investors bet on more US pandemic relief spending, despite signs of fresh US-China tension, while European stocks fell with retail and energy shares posting losses. The SET index moved in a range of 1,503.19 and 1,529.49 points before ending a holiday-shortened week at 1,508.35 on Thursday, up 0.8% from the previous week, in daily turnover averaging 92.12 billion baht. Foreign investors were net buyers of 3.11 billion baht. Brokerage firms bought 2.82 billion, while retail investors purchased 1.42 billion baht. Institutional investors were net sellers of 7.35 billion baht worth of shares. ....
More than half of this year's new housing loan target of 215 billion baht will be provided with low interest rates to help low-income earners to purchase their own homes, says GH Bank. ....
The Finance Ministry is set to propose relief measures for cabinet approval next week to help borrowers at state-owned financial institutions in 33 provinces affected by stringent containment restrictions. ....