Thailand has one of the most developed and dynamic banking systems in Southeast Asia, which has been developing very fast in recent years. Due to the favorable business environment, Thailand is popular among local and international banks that have established their presence in the country. In this article, we are going to discuss the top 10 banks of Thailand and explain the main characteristics, the services they provide, and their impact on the financial sector.
### 1. Bangkok Bank
The history of Bangkok Bank can be traced back to 1944 making it the biggest commercial bank in Thailand. It provides banking and other financial services to individuals, companies, and in trade finance and investment. Bangkok Bank has always been known for its customer service and has been recognized for having high quality services and good digital banking products.
### 2. Kasikornbank
KBanks is the second largest bank in Thailand. It has both retail and corporate banking division and a large number of customers. KBank has one of the biggest branch networks, good digital banking platforms and many products and services. The bank has also been involved in financial education and the promotion of SMEs in Thailand.
### 3. Siam Commercial Bank
Standard Chartered Bank (SCB) is one of the oldest and most prestigious banks of Thailand established in 1907. It offers a number of products and services in the areas of personal banking, business banking and wealth management. In the banking industry, SCB has been a leader in digital transformation and offers unique products like mobile banking and e-wallets.
### 4. Krung Thai Bank
Krung Thai Bank (KTB) is a state owned bank and one of the biggest banks in Thailand. It plays an important role in supporting the government’s efforts in improving the economy and finance. KTB provides a full range of banking services, from retail banking, corporate and institutional banking, and trade finance. The bank has paid much attention to the sustainable development and has engaged in a number of social and environmental projects.
### 5. Bank of Ayudhya
Bank of Ayudhya is commonly called Krungsri and is a subsidiary of MUFG Bank, one of the biggest banking groups in the world. Krungsri provides a full range of financial services to customers in retail banking, wholesale banking and wealth management. The bank has been praised for its good governance and sustainable business strategies.
### 6. TMB Bank
TMB Bank is one of the biggest banks in Thailand and has a branch in this district. It has a customer focused approach and offers new and unique banking solutions. TMB Bank offers a complete set of financial services for individuals, companies and in the digital bank. TMB Bank has been involved in the campaign for financial accessibility and has launched various projects for the needy and SMEs.
