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BankThai to Go Retail, Offer Full Service Range.
Byline: Darana Chudasri
Mar. 3--BankThai, positioned as a wholesale bank since its founding during the 1997 crisis, has announced a sweeping strategic shift with a plan to expand into the retail banking sector.
President Phirasilp Subhapolsiri said recent developments within the sector made it necessary for the bank to re-evaluate its strategy and direction.
The financial master plan announced by the government in January clearly points toward sector consolidation, with Thai Military Bank already announcing plans to take over DBS Thai Danu and the Industrial Finance Corp of Thailand, and ABN Amro planning to divest its 80 percent stake in Bank ...
- BankThai to Go Retail, Offer Full Service Range.
- Newspaper article from: Knight Ridder/Tribune Business News March 3, 2004 700+ words
...of the bank's portfolio. BankThai shares closed yesterday at...partner would be crucial for BankThai to meet its goals in the highly...Thai -- you can see that BankThai, with 60 branches, pales...she said. Subsidiary BT Securities, meanwhile, is similarly...
- BankThai Links with Japan-Based Insurer Millea.
- Newspaper article from: Knight Ridder/Tribune Business News April 9, 2004 700+ words
...12 million baht. In turn, BankThai will purchase 11.5 million...78.7 million baht. The BankThai shares sold to Millea represent...subsidiaries, Krungthai Thanakit and BT Securities. After the transaction...largest foreign investors in BankThai. The bank's largest shareholder...
- Only Half of BankThai Shares Taken Up on First Day by Retail Investors.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) September 26, 2002 700+ words
...is offering 707 million BankThai shares in the public offering...investors through branches of BankThai and Siam Commercial Bank. SCB Securities and BT Securities are lead underwriters...subscribe to the shares," BankThai said in a statement...
- Fast start into retail market by BankThai.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 26, 2005 700+ words
...Leasing for 247 million baht. BankThai president Phirasilp Subhapholsiri...consumer business strategy. BankThai will purchase 18 million new...companies under its umbrella: BT Securities, BT Insurance, BT Business...Management and BT Leasing. BankThai also has a 30 percent stake...
- BankThai Announces Stock Buyback Scheme.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) October 1, 2002 700+ words
...Nuntawun Polkuamdee Oct. 1--BankThai will launch a treasury stock...underwriters, SCB Securities and BT Securities, will absorb all unplaced shares. BankThai president Phirasilp Suphapolsiri...dividends this year. The BankThai board had also approved...
- Thai Government Savings Bank Proposes B500m BankThai Purchase.
- Newspaper article from: Knight Ridder/Tribune Business News October 5, 2002 700+ words
...be purchased directly from BankThai. The price was equivalent...month offered 707 million BankThai shares in a public offering...Underwriters SCB Securities and BT Securities were forced to absorb 161...plan by the GSB, saying that BankThai offered good fundamentals...
- BankThai Names New Director.
- Newspaper article from: Knight Ridder/Tribune Business News March 24, 2003 700+ words
Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 24--BankThai has named M.L. Supasit Chumpol as director of BT Securities. M.L. Supasit was formerly with Chase Manhattan Bank, head of international corporate...
- BankThai to raise B3bn in new capital.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 7, 2007 700+ words
Mar. 7--BankThai plans to float 2.2 billion new shares...completed in the next several months. BankThai announced yesterday that it had closed...05 billion baht in new capital for BankThai. The Financial Institutions Development...
Source: HighBeam Research, BankThai to Go Retail, Offer Full Service Range.