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, Thailand report}.

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) + Kasikornbank K PLUS (Kasikornbank KBank; SET: KBANK) + Siam Commercial Bank (SCB) (Siam Commercial Bank SCB; SET: SCB) + Krungthai NEXT (Krung Thai Bank KTB; SET: KTB; Thai state-owned commercial bank) + Krungsri Bank of Ayudhya (krungsri app) (Bank of Ayudhya Krungsri; SET: BAY) + TMBThanachart Bank (ttb) (TMBThanachart Bank ttb; SET: TTB) + Bank for Agriculture and Agricultural Cooperatives (BAAC) (Bank for Agriculture and Agricultural Cooperatives BAAC; Thai state-owned agricultural bank) + PromptPay QR (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
• ^{Thailand report} 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.