How Thai Are Thai Banks?

[Xangsamhua]

I would like to know what the foreign stakes are in the major Thai banks.

Last I read, foreign banks have 49% ownership in Thanachart and SCIB, and it is now possible for a foreign entity to have a higher stake pending approval from the Finance Ministry.

My wife tells me that there is now little Thai stake in banks like Bangkok Bank and Kasikorn, which surprised me (I don't keep up with these things). Actually, she heard it from Sondhi Limthongkul, so I'm curious to know if he's right or wrong, or if she's misheard him.

[geriatrickid]

in respect to Thanachart, it was bailed out by a Canadian bank: Scotia Bank (Previously known as the Bank of Nova Scotia). Scotia owns 49%, the maximum allowed under Thai law. It is only the 7th largest bank.

[aurelius]

Perhaps the intention was to say that the families now hold little direct shareholdings. BBL's free float was over 97% - from last annual report. Thai NVDR company is the largest shareholder at 24%.

[FritsSikkink]

ING got 30% in TMB