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, ; sign: ฿; 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. SWIFT ranked the Thai baht as the 10th-m ...
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 r ...
. It was listed on the
Stock Exchange of Thailand in August 1988
and is included in the
SET50 Index. The company headquarters is in
Bangkok
Bangkok, officially known in 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 estimated populati ...
.
History
Kiatnakin was founded in 1971 as a
financial services 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 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 or having a sam ...
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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See also
* Banking in Thailand
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
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