SCB, AIS shares jump over online lending JVShares in Thailand's third largest lender, Siam Commercial Bank Plc (SCB) jumped in morning trading on Wednesday, following its announcement of a joint venture with the country's top mobile network, Advanced Info Service Plc (AIS). SCB and AIS late on Tuesday announced the creation of AISCB, to provide online lending via online platforms. AIS shares rose nearly 3% against a benchmark index gain of 0.1%. AIS, which has 43 million mobile subscribers in Thailand, will hold equal shares in the venture. Rival lender Kasikornbank Plc began a digital lending push with Japanese mobile chat app operator Line Corp and launched services last year.

Source: Bangkok Post September 22, 2021 07:07 UTC