Government Savings Bank (GSB Thailand)

Key details

• Parent: King Vajiravudh Rama VI then 1947 Government Savings Bank Act establishment

Overview

Government Savings Bank (GSB Thailand) is Thai state-owned savings + commercial bank + Government of Thailand Ministry of Finance ~100%+ controlling + Thailand's national savings bank + one of Thailand's largest commercial banks by branches + founded Apr 1 1913 in Bangkok Thailand as Savings Office by King Vajiravudh Rama VI then 1947 Government Savings Bank Act establishment [1, th-cro].

History

Apr 1 1913 — Savings Office founded in Bangkok Thailand by King Vajiravudh Rama VI as Thai national savings institution distinctive Thai banking heritage as Thailand's royal-founded savings bank.

1947 — Government Savings Bank GSB Act establishment consolidating Savings Office into Thai state-owned savings + commercial bank.

2014 — MyMo by GSB Mobile banking app launch.

Ownership & operator

Operating entity: Government Savings Bank GSB (Thai state-owned savings + commercial bank).

Major shareholders: Government of Thailand Ministry of Finance ~100%+ controlling.

Regulators: Bank of Thailand BOT + Ministry of Finance Thailand.

Technical integration

MyMo by GSB Mobile app (iOS + Android) + gsb.or.th online + Government Savings Bank branch network across Thailand (Thailand's national savings bank with one of Thailand's largest commercial banking branch networks) + GSB Visa + Mastercard cards; PromptPay (Thai national instant payments) + Thai QR Payment (Thai national QR payment scheme) + Thai Baht THB domestic transfers.

Implementations & partners

Major Thai banking + payments competitors: [[bangkok-bank]] (Bangkok Bank; SET: BBL) + [[kasikorn-bank]] (Kasikornbank KBank; SET: KBANK) + [[siam-commercial-bank]] (Siam Commercial Bank SCB; SET: SCB) + [[krungthai-bank]] (Krung Thai Bank KTB; SET: KTB; Thai state-owned commercial bank) + [[krungsri]] (Bank of Ayudhya Krungsri; SET: BAY) + [[ttb-bank]] (TMBThanachart Bank ttb; SET: TTB) + [[baac-thailand]] (Bank for Agriculture and Agricultural Cooperatives BAAC; Thai state-owned agricultural bank) + [[promptpay-th]] (PromptPay; Thai national instant payments).

Regulators: Bank of Thailand BOT + Ministry of Finance Thailand.

Status

Active, Thai state-owned savings + commercial bank + Government of Thailand Ministry of Finance ~100%+ controlling + Thailand's national savings bank + one of Thailand's largest commercial banks by branches + founded Apr 1 1913 in Bangkok Thailand as Savings Office by King Vajiravudh Rama VI then 1947 Government Savings Bank Act establishment [1, 2].

Sources

• 1 GSB Thailand — official
• 2 GSB Thailand — Wikipedia
• th-cro In-corpus: reports/countries/TH-thailand.md

Source

Biography extracted from government-savings-bank-thailand.md. See matrix.md for standards-support matrix if present.