Pay To Thailand
 
Bangkok Bank
  Bank of Ayudhya
  BankThai
  Citibank
  Export-Import Bank
  Kasikorn Bank
  Krung Thai Bank
  HSBC Bank
  Siam City Bank
  Standard Chartered Bank
  Siam Commercial Bank
  Thanachart Bank
  TMB Bank
  UOB Bank
 

Thanachart Bank Public Company Limited (TBANK) was originally a finance company known as Ekachart Finance Company Limited. Its head office is located at 900 Tonson Tower, Ploenchit Rd., Lumpini, Pathumwan, Bangkok. TBANK commenced its operations on April 22, 2002 with a restricted banking license. Afterward, the Ministry of Finance granted a full commercial banking license on March 1, 2004. The Bank, now, is providing all kinds of financial services with automobile hire purchase as its core business.
 


Background
In December 1998
The Ministry of Finance announced a policy to encourage a consolidation among finance companies by offering a Restricted Banking License, to replace a Super Finance License announced earlier by the government. One of the major requirements was that the applicant must be a merger or acquisition of at least 5 Financial Institutions with the minimum capital of Baht 10,000 million after fully provided for loan loss reserve.


In February 1999
Thanachart Capital Public Company Limited, formerly named as National Finance Public Company Limited, applied to the Bank of Thailand for a Restricted Banking License by using Ekachart Finance Public Company Limited as a core company and other 4 Financial Institutions (HSBC Finance Company Limited, Bangkok Home Company Limited, Sinkahakarn Credit Foncier Company Limited, and Vanit Credit Foncier Company Limited) to set up the new bank.


In June 2001
The Bank of Thailand approved in principle for Thanachart Capital to pursue on its restricted banking plan. It was also in this month that all good loans amounting to Baht 16,857 million from Thanachart Capital and those 4 acquired Financial Institutions were transferred to book at Ekachart. Distress assets under Ekachart for the total amount of Baht 4,464 million were transferred to manage at NFS Asset Management Company Limited. The assets transfer was done in line with the plan to apply for a Banking License.


On January 3, 2002
The Ministry of Finance finally granted the restricted banking license to Ekachart. To receive the License, Ekachart returned its Finance Business License back to the authority, and changed its name to Thanachart Bank Public Company Limited. The authority also allowed the Bank to carry forward its public company status. As a result, Thanachart Bank Public Company Limited was hence opened on April 22, 2002.


On March 1, 2004
Thanachart Bank Public Company Limited was awarded a Full Commercial Banking License. In this year, the Bank of Thailand and the Ministry of Finance introduced a number of measures aimed at enhancing the efficiency of the financial system by rationalizing the structure and roles of financial institutions under the Financial sector Master Plan. Thanachart Capital Public Company Limited and Thanachart Bank Public Company Limited submitted their reorganization plan in compliance with the One Presence Policy.


On April 22, 2005
The Ministry of Finance approved Thanachart Groupís reorganization plan in line with the One Presence Policy of the Financial Sector Master Plan. According to the plan, the Bank has been conducting hire purchase transactions in place of the Parent Company, Thanachart Capital since May 9, 2005; that on July 1 and November 1, 2005, the Parent Company transferred its deposits in form of promissory notes issued to individual and corporate customers amounting to Baht 79,803 million to the Bank; that on October 1, 2005, loans comprising principal and interest receivable amounting to Baht 535 million were transferred from the Parent Company to the Bank. In addition, on December 9, 2005, the Bank registered its paid-up capital from Baht 8,102 million to Baht 14,584 million.

 

     Head Office

    Thanachart Bank Public Co., Ltd.
    Address: 444 MBK Tower 11th Floor, Wangmai, Pathumwan, Bangkok 10330
    Telephone: 02-217-8000 ext. 2806 Fax: 02-217- 8100
    Website : http://www.thanachartbank.co.th

 
 
 

 

 

Email : webmaster@pay2thailand.com
© Copyright 2010 Pay To Thailand All Rights Reserved.
 
Home | Pay To Thailand | Exchange Rates | Bank Branches Locator | Currency Exchange Booths Locator | Exchange Calculator |