PUBLISHED : 29 Mar 2024 at 05:00
The consortium including Gulf Energy Development, Advanced Info Service (AIS), Krungthai Bank (KTB) and PTT Oil and Retail Business (OR) is the strongest contender among the applicants for a virtual bank licence, says Asia Plus Securities (ASPS).
ASPS executive vice-president Therdsak Thaveeteeratham said at least three groups of investors are seeking virtual bank licences as the Bank of Thailand welcomes applications until Sept 19.
The Finance Ministry has not decided how many licences will be awarded to investors.
A virtual bank uses technology to reach out to customers in remote areas, or underserved customers who cannot access financial services, according to the central bank’s definition.
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