2004
Land and Houses Bank Public Company Limited
Land and Houses Bank Public Company Limited is a financial institution which positions itself as a new choice for consumers. It originated from the inspiration of a leading group of property developers-Land & Houses Public Company Limited and Quality Houses Public Company Limited. Listed on the Stock Exchange of Thailand, the two companies are engaged in the development and management of real estate projects and together command the largest market share. Apart from their strong financial positions, they both are committed to management with good corporate governance. In 2004, the government had announced a financial institutions development plan. Viewing this as an opportunity to diversify its business to be more comprehensive, the group by Land and Houses Credit Foncier Public Company Limited of which 43% of paid-up capital was held by Land & Houses Public Company Limited submitted a plan to the Ministry of Finance to set up a commercial retail bank on December 19, 2005.
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2009
On June 19, 2009
On June 19, 2009, LH Financial Group Public Company Limited submitted an application to the Bank of Thailand to establish the financial group. Then on October 28, 2009, the Bank of Thailand allowed the Company and Land and Houses Bank Public Company Limited to set up a financial business group, with the company acting as the holding company, the bank as the subsidiary under the solo consolidation group, and Land and Houses Fund Management Company Limited as a subsidiary outside the solo consolidation group.
2011
On December 16, 2011
the Ministry of Finance, by the recommendation of the Bank of Thailand, approved an upgrade of Land and Houses Retail Bank Public Company Limited the company’s subsidiary, from a retail bank into a full commercial bank under the name of Land and House Bank Public Company Limited and has official opening on December 19, 2011. As a result of the change, the Bank could start operating a complete commercial banking business and offer a more diverse range of commercial banking services to its customers. For restructuring the Land and Houses financial business group, on March 1, 2016 Land and Houses Bank Public Company Limited has sold ordinary shares of Land and Houses Fund Management Company Limited to LH Financial Group Public Company Limited at the total amount of 2,999,995 shares or 99.99% of the issued and paid - up shares.
