Kiatnakin Phatra Bank ( th, ธนาคารเกียรตินาคินภัทร) is a full-service bank based in Thailand. The bank was founded in January 1971 in Bangkok with 17,000 million

baht The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldw ...

in funds, and has grown to 52

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

. It was listed on the

Stock Exchange of Thailand The Stock Exchange of Thailand ( th, ตลาดหลักทรัพย์แห่งประเทศไทย), or SET, is the only stock exchange in Thailand. Founded on 30 April 1975, it is ASEAN’s 2nd largest after Singapore and the ...

in August 1988 and is included in the

SET50 Index The SET50 and SET100 Indices are the primary stock indices of Thailand. The constituents of both lists are companies listed on the Stock Exchange of Thailand (SET) in Bangkok. Calculation The SET50 Index and the SET100 Index were created "to ac ...

. The company headquarters is in

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...

History

Kiatnakin was founded in 1971 as a

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

company, and grew steadily until the recession of the late-1990s forced a suspension of operations. In 2005 the bank, which at the time had 22 financial service branches, applied for and received a commercial

banking license A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in th ...

. In December 2011, Kiatnakin Bank and Phatra Capital amalgamated to form a new organization with a $1 billion valuation.

Subsidiaries

Kiatnakin Securities is a

subsidiary company A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company ...

of the bank, and in 2008 the company established a new wholly owned subsidiary, Erawan Law Office.Google finance, Kiatnakin Bank
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References

External links

Kiatnakin Bank official siteGoogle finance, Kiatnakin BankBloomberg, Kiatnakin Bank
Banks of Thailand Companies based in Bangkok Banks established in 1971 Companies listed on the Stock Exchange of Thailand Thai companies established in 1971 {{Thailand-stub

History

Subsidiaries

See also

References

External links