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Finance Firm All Set to Apply for Bank Licence in Thailand.

Bangkok Post (Bangkok, Thailand)

| March 05, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Somporn Thapanachai

Mar. 5--Kiatnakin Finance Plc (KK) is ready to become a commercial bank offering full integrated services and will submit its application for a banking licence before the deadline on July 31.

Tawatchai Sudtikitpisan, Kiatnakin's managing director for real estate lending, said the company was confident that it had met the requirements set out in the government's new financial master plan to upgrade itself as a commercial bank.

For example, Kiatnakin currently has around 12 billion baht in registered capital, well above the minimum requirement of five billion baht.

However, the company needs to invest more in ...

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Source: HighBeam Research, Finance Firm All Set to Apply for Bank Licence in Thailand.