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Money and Banking: Banking System Overview

The banking system of Thailand is regulated by the Bank of Thailand, which is the country's central bank. The banking system is composed of various types of banks and financial institutions that offer a wide range of services to individuals and businesses. The central bank, Bank of Thailand, is responsible for regulating and supervising the financial sector to ensure stability and growth. Each type of bank and financial institution is regulated by different authorities and offers different services to cater to the diverse needs of the Thai population.

Central Bank

The Bank of Thailand serves as the central bank of Thailand, responsible for overseeing the financial sector, implementing monetary policies, and promoting financial stability. It is also responsible for supervising and regulating other financial institutions in the country.

Regulated by: Bank of Thailand

Services typically offered by the central bank include:

Regulating monetary policy
Supervising and regulating the financial sector
Promoting financial stability

Examples: Bank of Thailand

Commercial Banks

Commercial banks in Thailand offer a wide range of banking services, including savings and current accounts, loans, mortgages, and credit cards.

Regulated by: Bank of Thailand

Services typically offered by commercial banks include:

Savings and current accounts
Loans and mortgages
Credit cards

Examples: Bangkok Bank, Kasikornbank, Siam Commercial Bank

Investment Banks

Investment banks in Thailand offer financial advisory services, underwriting, and financial engineering to clients. They also help companies raise capital by issuing securities.

Regulated by: Securities and Exchange Commission

Services typically offered by investment banks include:

Financial advisory services
Underwriting
Issuing securities

Examples: Phatra Securities, Tisco Securities

Retail Banks

Retail banks in Thailand offer financial services to individuals and small businesses, including savings and current accounts, personal loans, mortgages, and credit cards.

Regulated by: Bank of Thailand

Services typically offered by retail banks include:

Savings and current accounts
Personal loans
Mortgages
Credit cards

Examples: Bank of Ayudhya, TMB Bank

Foreign Banks

Foreign banks operating in Thailand offer similar services as domestic commercial banks, including savings and current accounts, loans, and credit cards.

Regulated by: Bank of Thailand

Services typically offered by foreign banks include:

Savings and current accounts
Loans
Credit cards

Examples: Citibank Thailand, HSBC Thailand

Credit Unions

Credit unions in Thailand are member-owned financial cooperatives that offer savings and loan services.

Regulated by: Ministry of Finance

Services typically offered by credit unions include:

Savings accounts
Loans

Examples: Government Savings Bank, Credit Union League of Thailand

Savings and Loan Associations

Savings and loan associations in Thailand offer savings accounts, loans, and mortgages.

Regulated by: Bank of Thailand

Services typically offered by savings and loan associations include:

Savings accounts
Loans
Mortgages

Examples: Bank for Agriculture and Agricultural Cooperatives, Government Housing Bank

Online Banking

Online banking in Thailand allows customers to conduct banking transactions online, such as transferring funds and paying bills. This service is offered by most commercial banks in Thailand.

Regulated by: Bank of Thailand

Services typically offered by online banking include:

Account balances and transactions history
Money transfers
Bill payments
Online statements
Foreign exchange transactions

Examples: Kasikornbank Online, Siam Commercial Bank Online

Other Financial Institutions

Other financial institutions in Thailand that offer deposit and loan services include microfinance institutions and non-bank financial institutions. They offer similar services to commercial banks, but typically cater to individuals and businesses that may not have access to traditional banking services.

Regulated by: Bank of Thailand

Services typically offered by other financial institutions include:

Savings and current accounts
Loans

Examples: Small and Medium Enterprise Development Bank of Thailand, Thai Credit Guarantee Corporation