Citibank’s unit in Thailand is to ramp up its
distribution footprint following the Thai government’s move to
relax the country’s restrictive banking regulations.

The government has previously imposed severe
restrictions on the size of foreign lenders branch networks.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

In early January, the government said that
foreign bank will be allowed to open two additional branches.

Citibank’s retail banking director in
Thailand, Pavin Rodloytuk, said that the unit plans to open two
additional branches during the second quarter of this year.

It has already received approval from the
government and is seeking further approval to open another 17
branches by the end of 2012.

Under the proposed amendments,
international banks can covert their Thai units to a local
‘subsidiary’; this would allow them to open 20 additional branches
and 20 ATMs across the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

HSBC kicked off the New Year with an
announcement that it planned to expand its Thai branch
network.