The strong relationship between Denmark and Thailand dates back four centuries and in the Embassy of Denmark in Bangkok’s series of memorable moments and important facts they shine a light on the important collaboration that resulted in Thailand’s first domestic Bank.
This week’s “Did you know” reads:
Did you know that Thailand’s first domestic bank, Siam Commercial Bank, was a result of strong collaboration between Denmark and Thailand?
At the beginning of the 20th century only two banks, both British, were operating in Siam. The visionary King Chulalongkorn had begun the process of modernization, which included the establishment of a domestic bank to grow the Thai financial industry.
The idea of a domestic banking…
