Leading companies KTB and ADVAN collectively debut "Click Bank," a new virtual banking platform
Thai Trinity Holding, a joint venture between Krungthai Bank (KTB), Advanced Info Service (ADVANC), and PTT Oil and Retail Business (OR), is gearing up to establish Click Bank as a virtual bank in Thailand. However, as of the latest available information, no specific updates or details on the share ownership structure, board of directors, or regulatory approvals related to this venture have been found.
Initially, Thai Trinity Holding was established with a strategic partnership that aimed to combine banking expertise, telecom and digital capabilities, and retail infrastructure. The typical shareholding split was expected to be an equal or near-equal division among KTB, ADVANC, and OR. At launch, HoldCo, a company under KTB's control, held 95% of Click Bank's capital, while 15 founding shareholders jointly held the remaining 5%.
The board of directors for Click Bank, or any official composition details, have not been disclosed in recent sources. Regarding regulatory approvals, virtual banks in Thailand must secure licenses and comply with supervision by the Bank of Thailand (BOT). Although the Bank of Thailand has granted approval to three entities to establish virtual banks in Thailand, including ACM Holding Co., Ltd., SCB X PCL, WeTechnology Limited, KakaoBank Corp., and a consortium including KTB, ADVANC, and OR, no confirmation or update regarding BOT licensing or operational launch of Click Bank has been made public.
The consortium has begun preparations to comply with all legal and regulatory requirements and has announced the establishment of Thai Trinity Holding with a 41:39:20 share split. They have set up Click Bank PCL (VBCo) with a registered capital of 50 million baht and are planning to establish "Click Bank" as part of their virtual bank operations. The consortium is also setting up a public limited company to apply for a virtual banking licence with the aim of launching the virtual bank service by 2026.
For up-to-date comprehensive details, it is recommended to consult official announcements by KTB, ADVANC, OR, or the Bank of Thailand, or credible financial news sources specializing in Thai banking sector developments.
- The Thai Trinity Holding consortium, formed by Krungthai Bank, Advanced Info Service, and PTT Oil and Retail Business, is planning to establish a virtual bank called Click Bank in Thailand.
- In the initial phase, the shareholding split for Thai Trinity Holding was expected to be an equal or near-equal division among the three partners, but recently, it has been announced with a 41:39:20 share split.
- The board of directors for Click Bank, its share ownership structure, and regulatory approvals from the Bank of Thailand are yet to be disclosed publicly.
- The consortium is preparing to comply with all legal and regulatory requirements to launch the virtual bank service by 2026, but official announcements or updates on licenses, operational launch, or business culture details are awaited.
