Chompoonoot Pathomporn News Today

Local banks are focusing on nudging their customers to digital platforms to grow services there, instead of applying for the central bank's upcoming virtual bank licence.

Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

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Land and Houses Bank Plc (LH Bank) is upgrading and plans to rebrand its existing mobile banking application to offer a full range of services.

Highlights Profita and “LHB You” to address comprehensive investment and financial lifestyles including a search for the best investor in the Profita by LH Bank Mutual Fund Tournament with prizes worth over Baht 1.5 million.

Land and Houses Bank (LH Bank) is putting more focus on Taiwanese businesses in Thailand, aiming for 70% loan growth in this corporate customer segment in 2022.

Land and Houses Bank (LH Bank) aims to expand its Taiwanese corporate customer base by 500 companies in five years thanks to positive growth of the Asean economy and Thailand's strong fundamentals.

Mr. Shih Jing-Fuh, President of LH Financial Group Public Company Limited (LHFG), elaborated that in 2022 the group would leverage our digital banking potential and collaborate with CTBC Bank, Taiwan’s largest commercial bank, raised its stake in LHFG from 35.62% to 46.61% in September 2021 and became the Group’s major shareholder. The transaction bolstered the Group’s competitiveness and paved way for international exposure.

Taiwan-based CTBC Bank (CTBC), a major shareholder of Land and Houses Bank (LH Bank), sees high growth potential of Thai small and medium-sized enterprises (SMEs) in the long term, though the SME segment is still facing hardships amid the pandemic, LH Bank president Chompoonoot Pathomporn said in an exclusive interview with the Bangkok Post.