As Krung Thai Bank Public Company Limited and its business partners which are Advanced Info Service Public Company Limited and PTT Oil and Retail Business Public Company Limited (?OR?) obtained the approval from the Minister of Finance for the establishment of a virtual bank on 19 June 2025. Following the receipt of approval for the establishment of a virtual bank, the Bank and its business partners have commenced preparation to complete the procedures and fulfill the conditions prescribed by applicable laws and relevant regulatory authorities, including the requirements for establishing a public company limited to apply for a license to operate a virtual bank, to enable the commencement of virtual bank operation within the year 2026. On 9 July 2025, the Bank and its business partners jointly established Thai Trinity Holding Co.
Ltd. (?HoldCo?). Subsequently, on 8 August 2025, the Bank and its business partners jointly established Clicx Bank Public Company Limited (?VBCo?), where HoldCo is a shareholder holding 95% of VBCo's total shares on the date of incorporation (whereby HoldCo will later acquire additional shares in VBCo from the company promoters, resulting in a total shareholding of 99.99%). According to the information provided by the Bank and its business partners to the Bank of Thailand, the Bank has the right to nominate at least half of the total number of directors of HoldCo.
Both HoldCo and VBCo are considered entities under the Bank's control pursuant to the Securities and Exchange Act B.E. 2535 (1992) (and its amendments). Key details of each company are as follows: The Board of Directors consists of 4 members, with the Bank having the right to nominate at least half of the total number of directors Clicx Bank Public Company Limited Virtual banking business, subject to obtaining the licenses from relevant authorities.
