Bangkok Bank Consortium Seeks Virtual Bank Licence
Strategic Partnerships Poised to Secure Virtual Banking Success
Bangkok Bank (BBL) is optimistic about obtaining a virtual bank licence through a powerful consortium backed by significant partners like Sea Limited, BTS Group, Saha Group, and Thailand Post.
According to BBL's senior executive vice-president, Kobsak Pootrakool, success in the virtual banking sector hinges on core banking technology, a strong ecosystem, and effective risk management.
BBL and its partners plan to leverage extensive customer bases and advanced digital capabilities, including South East Asia's leading e-commerce platform, Shopee, and its digital financial services branch, SeaMoney.
With 79 years of banking history in Thailand and comprehensive regional experience, BBL is well-positioned to meet Asean's economic growth demands.
The bank aims to capitalize on green finance and sustainable development, projecting loan growth in its expanding markets.
BBL's strong financial performance, marked by a record net profit in Q3, underscores its potential for sustainable growth and further regional integration.