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Thai Government Savings Bank Plans New Insurance Business.
Jan. 5--The Government Savings Bank plans to split its insurance operation from its core business and targets Dhipaya Insurance Co as a strategic partner.
Separating the banking and insurance operations would enhance the state agency's role in banking, its main business, and allow the insurance unit to develop more effectively to meet future growth targets, the bank's board decided yesterday.
The GSB's life insurance department has provided a service called "life welfare" for several years.
Somchainuk Engtrakul, the board chairman and permanent secretary for Finance, said that Dhipaya was a potential partner even though the private company was ...
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