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Bangkok Post

Business

Brokerage: Virtual banks face growth, profitability tests

KKP OR Thailand AIS KTB

For the initial stage, Ms Sarachada expects the lending services of local virtual banks to help narrow the gap between formal and informal lending.

Kiatnakin Phatra Securities (KKPS), the brokerage arm of Kiatnakin Phatra Financial Group (KKP), expects the combined loan portfolio of Thailand's three virtual banks to reach 200 billion baht in 5-6 years.

Given the Bank of Thailand's requirement that each virtual bank increase its registered capital to 10 billion baht during the second phase of operations, from at least 5 billion baht on the day the business commences, bringing the combined registered capital to 30 billion baht, KKPS expects the three lenders to expand their total loan portfolio to around 200 billion baht within 5-6 years.

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