Permits foreign banks to establish a subsidiary in Thailand
15 Dec 2011
The Bank of Thailand annouced the policy which enables foreign banks which currently operate a branch in Thailand to apply to convert such a branch into a subsidiary, which can have a maximum of 20 branches and 20 off-premise ATMs, without limitation on location. The Ministry of Finance has approved the notification which will come into effect on 15 December 2011.
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Type:
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Entry and establishment (Ownership and control)
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Industry:
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Services (Financial and insurance activities)
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Sources:
