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Bangkok, Thailand, First Investment Trust to Offer Bank Services in Early 2005.

Bangkok Post (Bangkok, Thailand)

| February 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: Krissana Parnsoonthorn

Feb. 5--Following a post-merger licensing upgrade to universal bank status, Bangkok First Investment and Trust Plc (BFIT) is expected to start operations within the first quarter of next year.

"The new bank will be small, but this could become our strength as we will be able to get close to our customers and look after them better than the big banks. We will use technology to compete with others," said Vorasit Pokachaiyapat, managing director of Finansa Plc, which is seeking to merge its finance company with BFIT.

The new bank by BFIT would have a capital base of around 5.5-6 billion baht, with assets of 50 billion ...

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Source: HighBeam Research, Bangkok, Thailand, First Investment Trust to Offer Bank Services in...