BoT announced Thai Credit Retail Bank upgraded to a full commercial bank under the name “Thai Credit Bank” starting 2 Sept. 2023

Mr. Tharith Panpiamrat Assistant Governor Financial Institutions Policy Group The Bank of Thailand (BoT) said that Thai Credit Retail Bank Public Company Limited has received approval from the Minister of Finance to upgrade from The Retail Commercial Bank will become a full-fledged commercial bank on August 17, 2023. It will begin operating under the name Thai Credit Bank Public Company Limited by 2 Sept. 2023

Thai Credit Retail Bank Public Company Limited has received a license to conduct commercial banking business. for retail businesses, having opened for business since January 18, 2007, which has been upgraded to a commercial bank full this time It will allow the bank to provide services to large companies. from the original service only for small people and small and medium sized enterprises Including being able to do business related to money foreign currency and derivative instruments as well. The bank can continue to provide services to current customers. However, the bank must ensure that there is a process Personnel, work systems, resources, and risk management which is consistent with being a full-fledged commercial bank.

Source: Thai News Agency