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Kiatnakin Phatra Bank

Thai bank From Wikipedia, the free encyclopedia

Kiatnakin Phatra Bank
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Kiatnakin Phatra Bank (Thai: ธนาคารเกียรตินาคินภัทร) is a full-service bank based in Thailand. The bank was founded in January 1971[1] in Bangkok with 17,000 million baht in funds, and has grown to 52 branches. It was listed on the Stock Exchange of Thailand in August 1988[1] and is included in the SET50 Index. The company headquarters is in Bangkok.[2]

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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.[3]

In December 2011, Kiatnakin Bank and Phatra Capital amalgamated to form a new organization with a $1 billion valuation.[4]

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Subsidiaries

Kiatnakin Securities is a subsidiary company of the bank, and in 2008 the company established a new wholly owned subsidiary, Erawan Law Office.[5]

See also

References

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