Top List of Banks in Thailand
Thailand was ranked 2nd in the world by the World Bank for ease of doing business in 2017. Thailand’s banking system is also one of the most competitive in Asia, with a number of international banks establishing branches and subsidiaries in Bangkok. Learn more about Thailand’s top banks, from their opening times to their strengths and weaknesses.
There are many reasons why you might want to visit a Thai bank, such as withdrawing money or opening an account. But which one should you choose? Here’s a list of some popular banks so that you can make an informed decision.
Bangkok Bank
The Bank of Thailand, the central bank, and the national banking regulator have Bangkok Bank as one of its four banks of first-class standing. It is also one of Thailand's 3 state-owned banks (along with Krung Thai Bank and Government Savings Bank).
Bangkok Bank's head office is at Bangkok Bank Building on Silom Road in the Bang Rak district in Bangkok. Bangkok Bank has the most extensive branch network of any bank in Thailand, with 1,165 branches nationwide as of 31 December 2014.
Bangkok Bank is a commercial bank that provides a wide range of services and products to both consumers and business customers through its branch network, call center, and internet banking service. The bank caters to retail customers, small and midsize enterprises (SMEs), large corporates, and financial institutions.
Total Assets: 3.117 trillion THB
Employees: 27,142
Kasikorn Bank
The Kasikorn Bank Public Company Limited (Thai: ธนาคารกสิกรไทย) is a Thai commercial bank. In October 1993, TFB became a commercial bank and changed its name to K-Bank to reflect its new position as a universal banking institution. It was listed on the Stock Exchange of Thailand in 1994.
Kasikornbank focuses on four core businesses: retail banking, wholesale banking, wealth management, and investment banking. In addition to its traditional strengths in agriculture, SME, trade finance, and corporate banking, Kasikornbank has expanded into new areas such as investment banking services and asset management.
Total Assets: 3,293,889 million baht (2019)
Employees: 20,681 and 887 branches
Siam Commercial Bank (SCB)
Siam Commercial Bank (SCB) is the oldest bank in Thailand. It was founded in 1906. Its headquarters is located in Bangkok, Thailand. It has assets worth Baht 3,315 billion and over 25,953 employees.
SCB offers a diverse range of retail, corporate, and investment banking services throughout its global network of branches and subsidiaries. The bank offers personal banking services such as savings accounts, credit cards, loans, car financing, mortgages, and insurance. It also offers business banking services such as loans, deposits, and cash management products.
It has more than 400 branches in Thailand. The bank was formerly known as Siam Commercial Bank Public Company Limited and changed its name to Siam Commercial Bank PCL in February 1992.
Krung Thai Bank
Krung Thai Bank is Thailand's leading commercial bank. It provides services to individuals, small and medium-sized enterprises, large corporations, and financial institutions. Services include retail banking, wholesale banking, wealth management, and custodial services.
Krung Thai Bank has the largest branch network in Thailand with approximately 1,100 branches throughout the country. The bank also operates a number of branches overseas, including a branch in Beijing, China; a representative office in Ho Chi Minh City, Vietnam; and representative offices in New York and Los Angeles in the United States.
Total Assets: 2,854 billion baht
Employees: 29,226
Branches: 500
TMBThanachart Bank
TMB Bank Public Company Limited (SET: TMB) (Thai: ธนาคารทหารไทย เอ็ม. บ๊อก) is a commercial bank in Thailand. TMB Bank is the 8th largest bank in Thailand by assets. The bank is the result of a merger between Thai Military Bank and Thanachart Bank in April 2013.
TMB provides financial services to individuals, small-medium enterprises ("SMEs"), large corporations, and institutions. The product offerings include deposits, loans, mortgages, savings accounts, investment products, microcredit, credit cards and debit cards, remittances, and foreign exchange services via its network of branches across Thailand as well as in Hong Kong, Singapore and Myanmar. The bank also provides online banking services which allow clients to carry out banking transactions online.
Total Assets: 891,713 million baht (2018)
Employees: 8,373
Branches: 617
Bank of Ayudhya
Bank of Ayudhya Public Company Limited (BAY) is a leading Thai financial institution with a banking license granted by the Bank of Thailand. BAY provides a full range of products and services for both retail and corporate customers, including savings and deposits, personal loans, mortgages, credit cards, SME lending, corporate lending, investment banking services, and other financial products.
The bank has a nationwide network of more than 700 branches and service outlets under the brand name Krungsri. As part of its commitment to providing the best possible customer experience, BAY has invested significantly in IT infrastructure and online banking services.
Total Assets: 1,833,188 million baht (2016)
Employees: 22,834
Thanachart Bank
The Thanachart Bank Public Company Limited was established on 23 December 1945 as the Savings and Development Bank and was renamed on 1 November 1967 as the Thanachart Bank. Its registered head office is in Bangkok, Thailand.
The bank provides personal banking products and services such as current accounts, savings accounts, deposits, lending, and credit card products. The bank also offers corporate banking services including SME finance, investment banking, asset management, treasury services, and trade finance.
The bank serves its customers through a network of branches located throughout Thailand. The company also maintains correspondent relationships with international banks located in countries such as China, Japan, India, Italy, Malaysia, Vietnam, and Singapore.
Total Assets: 1,008,890 million baht
Employees: 14,806
Branches: 617
Kiatnakin Phatra Bank
Kiatnakin Phatra Bank (Thai: ธนาคารเกียรตินาคิน แพทย์ เมโท) is a commercial bank in Thailand. It has been established on 25 June 1994 with registered capital of Baht 5,000 million and commenced operations on 25 September 1994.
As of 30 September 2017, the bank had total assets of ฿411008 Mil. The bank employs 5,924 staff. It has 52 branches in Bangkok and upcountry.
The bank's products include loans for various purposes (home loan, car loan, and personal loan); investment and saving accounts; credit cards; investment in stocks; corporate finance (working capital finance, long term finance, and off-shore financing); trade finance (import/export bill discounting); foreign currency exchange; money transfer through Western Union Money Transfer; safe deposit box; and insurance services.
CIMB Thai Bank
CIMB Thai Bank is a commercial bank in Thailand. It was established in December 2005 with a registered capital of THB 15 billion. The bank is fully owned by CIMB Group Holdings Berhad, Malaysia (CIMB Group).
The bank provides banking services such as deposits, savings, time deposits, current accounts, and fixed deposits; lending, including mortgages, car loans, credit cards, and personal loans; and wealth management services, including investment funds and insurance products. CIMB Thai also offers trade finance services to help the business community to expand their business through both import and export activities.
Total Assets: 410,527 million baht
Employees: 3,900
Branches: 54
Standard Chartered Thailand
Standard Chartered Bank's network covers major cities in Thailand including Bangkok, Chiang Mai, Phuket, and Samui. In addition to its retail banking business, Standard Chartered is also one of the top global banks for corporate clients in Thailand offering a comprehensive suite of banking services such as Cash Management Services, Trade Finance Services, Project & Acquisition Finance as well as risk management solutions including Foreign Exchange and Investments.
FAQs
Q. What is the most popular bank in Thailand?
A. Bangkok Bank
