Move contingent on BoT’s licensing rules
SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.
The company is keen to apply for a virtual bank licence from the Bank of Thailand, pending the central bank’s publication of the virtual bank licensing regulations, said chief executive Arthid Nanthawithaya at a shareholders’ extraordinary general meeting on Thursday.
Mr Arthid did not specify a time frame for seeking a licence, only indicating the goal is operating a virtual bank within a few years, based on the central bank’s…
