trending Market Intelligence /marketintelligence/en/news-insights/trending/KE8dy8fZC0GDNmpooOnEuA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

StanChart to transfer Thai retail banking biz to TISCO Financial

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


StanChart to transfer Thai retail banking biz to TISCO Financial

Standard Chartered Plc is transferring its retail banking business in Thailand to TISCO Financial Group PCL.

Standard Chartered Bank (Thai) PCL will transfer the business TISCO Financial subsidiaries TISCO Bank PCL and All-Ways Co. Ltd. TISCO Bank will take over the bank's personal lending, mortgage, retail banking, wealth management and individual deposits businesses. All-Ways Co. will take over the credit card business.

TISCO Financial said the assets to be transferred have a net value of around 5.50 billion baht as of Sept. 30.

The proposed transfer is expected to be completed in 2017, subject to regulatory and shareholder approvals.

As of Dec. 21, US$1 was equivalent to 36.02 Thai baht.