Thailand

Thailand

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.

Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Financial and insurance activities)
Inward FDI:
No
Outward FDI:
No
Sources: