KBank hunts upcountry millionaires | Bangkok Post: business

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FINANCE KBank hunts upcountry millionaires

16 May 2013 : Kasikornbank (KBank) plans to expand its private banking business aggressively this year, targeting a growth rate of 12% in assets under management (AUM) and 15% for the wealthy customer base.
WEALTH CARETaking a pay cut to return to the nest

13 May 2013 : I was very interested in the bond laddering strategy you recommended to the gentleman with a 40-million-baht problem last week. I was wondering if you could advise me on an issue.

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WEALTH CARE
Refinancing blues, Where to park 40 million baht
29 Apr 2013 : I financed my home with a 20-year mortgage fixed at 3.25% for the first three years. That three-year period is going to end next year. The mortgage rate remains low, but all the other banks are offering more attractive rates. If I refinance to another bank's fixed lower rate, I will have to pay a penalty to my current bank for switching. Do you suggest I refinance?
MARKET MONITOR
Makro deal and baht keep investors' attention
29 Apr 2013 : Recap: The Thai stock market ended on an upbeat note in a week dominated by CP All's 188.88-billion-baht takeover of Siam Makro and concerns about intervention to slow the baht.
Building blockage
29 Apr 2013 : Rich families who own most of the new property projects in Khao Yai may suffer the most from a possible drop in land prices if the new Nakhon Ratchasima town plan does not allow any property development.
NETWORTH
Renouncing your US citizenship for tax advantages? Think carefully
28 Apr 2013 : Is there an argument for renouncing your US citizenship as a tax-saving strategy? In the vast majority of cases, no; such a move would be impractical. But for a small number of US expats it might be worth considering.
MARKET MONITOR
BTS fund keeps SET on a roll
22 Apr 2013 : Recap: The market survived a short but tumultuous week after gold plunged while Thailand was celebrating Songkran. Gold lost 10% on reports that Cyprus would sell 10 tonnes from its reserves, leading to fears that other euro zone countries would follow.
WEALTH CARE
Roth IRA investments in thailand, Buying foreign ETFs
22 Apr 2013 : Hello. I'm an American and I use the Roth IRA scheme. I've lived in Thailand for several years. Are there Roth IRA options to invest exclusively in the SET, or do I have to invest in Western equities? Thanks.
FINANCE
Thai banks again rake in the profits
19 Apr 2013 : Siam Commercial Bank (SCB) and TMB Bank (TMB) delivered solid earnings in the first three months of this year, likely marking another stellar year for the banking industry.
GH Bank to lift retail loans
11 Apr 2013 : The new president of the Government Housing Bank (GH Bank) plans to raise the share of retail mortgage loans from 85% overall to 91.5% to increase opportunities for low earners to own their own home.
Kasikornbank sells B8bn mortgages to free up funds
11 Apr 2013 : Kasikornbank has sold mortgages worth 8 billion baht to Secondary Mortgage Corporation (SMC) to free up funds for more lending and eliminate the need to raise capital.
FINANCE
Listed banks set for 50% profit leap
11 Apr 2013 : Listed banks are set to post a combined quarterly record profit of 48 billion baht in the first quarter, a 50% rise from the previous quarter, thanks mainly to the reduction in corporate income tax, analysts said.