Thai Credit Bank Positions Itself for Expansion in Thailand

Thai Credit Bank Public Company Limited (“the Bank” or “Thai Credit Bank”) made a significant debut on the Stock Exchange of Thailand, indicating its readiness to expand loan services to the Thai people. This milestone marks the Bank as the first commercial bank to raise funds (IPO) in a decade.

Thai Credit Bank specializes in providing credit services to Micro SMEs (MSME) and micro and nano businesses in Thailand’s high-growth sectors. In its debut on the stock exchange, the Bank offered additional common stock available for sale, as well as common stock previously held by existing shareholder OCA Investment Holdings I Pte. Ltd.

As part of the IPO, a total of 254,124,200 shares were offered, representing approximately 20.7% of the Bank’s issued and paid-up ordinary shares. OCA Investment Holdings I Pte. Ltd., an independent mid-market Private Equity firm, will retain a…