LH Bank
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1 day agoLast update
1 day agoLast update
1 day agoLH Bank is an alternative for consumers, it is a member of LH Financial Group PCL, located in Thailand. The holding, whose subsidiary is the bank, offers advice, invests in securities and conducts business operations, including fund management
The decision to open a new financial institution for business expansion was taken in 2004, a year later Land and Houses Bank was approved by the Ministry of Finance. In 2015, the board of directors finally presented its vision: "We are striving to become a bank of quality growth". The organisation provides personal service, offers deposits, bills of exchange, savings accounts, money transfers, currency exchange and makes investments and insurance. For the third consecutive year, it has become the owner of the "Certificate ESG 100" - a portfolio of sustainable development.
The market capitalisation of the investment holding company LH Financial Group Public is 35.59 billion dollars. LH Bank has about 187 billion baht (5.1 billion US dollars) of assets. Offering the best interest rates in the country, a commercial lender sets an aggressive loan growth rate of 10-15% in this year.
There are more than a hundred mini-branches in the country, in most cases they are located in the HomePro stores located in the provinces, the city subway, close to transport hubs and neighbouring countries. The exchange of Australian, American, Hong Kong and Singapore dollars, Japanese yens, British pounds, Chinese yuans and Korean wons is accepted. Logo LH, with a memorable rainbow coloured strip, is imaged on those ATMs with which you can withdraw money for free.
Currently, 50 percent of consumers live outside of the capital city of Bangkok. The right for service is granted to foreigners who have obtained a work permit or a residence permit. The minimum amount of opening account is 500 baht. Online banking has its own mobile app. Money transfer services to the recipient's mobile phone are provided. With UnionPay cards you can make purchases around the world.
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