New Thai Banking Rules Promise Boon for Foreign Investors.
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Jul. 21–Foreign banks and institutional investors will gain greater leeway in investing in Thai commercial banks under a new financial sector development plan now being reviewed by the Bank of Thailand and the Finance Ministry. Branch restrictions for foreign banks are also expected to be eased from the existing single-branch limit. The new development plan calls for shareholding limits of foreign banks investing in Thai banks to be increased to 49 percent from 25 percent. Most local banks, including Bangkok Bank, Siam Commercial Bank and Kasikornbank, already have foreign investors holding up to 49 percent, although single shareholder… |