Standard Chartered Thailand

Standard Chartered Thailand (officially Standard Chartered Bank (Thai) PCL, Thai: ธนาคารสแตนดาร์ด ชาร์เตอร์ด (ไทย) จำกัด (มหาชน)) is a banking and financial services company in Thailand and a subsidiary of Standard Chartered. It serves consumer and wholesale banking customers.

History

Standard Chartered Bank has been in Thailand since 1894 when the Chartered Bank of India, Australia and China first established a branch in Bangkok.

In 1999, Standard Chartered acquired 75% of the shares of Thailand's Nakornthon Bank for THB 12.377 billion (GBP 193 million). Twenty-five per cent of the shares are held by the Financial Institutions Development Fund, a fund established by the Bank of Thailand, which has recapitalised Nakornthon to approximately THB 7 billion (GBP 109 million). Nakornthon Bank was established in 1933 under the name Wang Lee Chan Bank, but changed its name to Nakornthon Bank in 1985. After the acquisition, Standard Chartered changed the bank's name to Standard Chartered Nakornthon Bank. At the time of the acquisition, Nakornthon Bank, with 67 domestic branches, was the second oldest Thai bank. With assets of approximately GBP 1 billion, it ranked 12th out of 13 Thai commercial banks by asset size.

In 2005 Standard Chartered merged its Bangkok branch into Standard Chartered Nakornthon Bank, and renamed the new entity Standard Chartered Bank (Thai) PCL.

External links

• Standard Chartered Thailand

Standard Chartered
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Predecessors	American Express Bank Bank of British West Africa Chartered Bank of India, Australia and China Colesberg Bank Grindlays Bank Hsinchu International Bank P&O Bank Eastern Bank Standard Bank Union Bank
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Other	Seeing is Believing
1Nationalized  2Spun off  3Sold Category Commons

Banking in Thailand
Central bank	Bank of Thailand
State Bank Group	Krung Thai Bank SME Bank of Thailand Islamic Bank of Thailand Bank for Agriculture and Agricultural Co-operatives Export–Import Bank of Thailand Government Savings Bank Government Housing Bank
Private banks	Bangkok Bank Bank of Ayudhya Kasikornbank Kiatnakin Bank GE Money Bank CIMB Thai Bank ICBC Thai TMB Bank Tisco Bank Siam Commercial Bank Thai Credit Bank Thanachart Bank Siam City Bank UOB Bank Land & Houses Bank Standard Chartered Bank
Foreign banks	ABN AMRO Bank of Tokyo Mitsubishi UFJ Citibank Thailand HSBC ANA Bank RHB Bank Bank of China Deutsche Bank AG Mega International Commercial Bank