(1) To carry on in Thailand and in other
countries the business of banking at Head Office and all branches, and
to transact and do all matters and things incidental thereto, or which
may at anytime hereafter, at any place where the company shall carry on
business, be usual in connection with the business of banking, or
dealing in money, or securities for money.
(2) To procure capital for, or make
advances or lend or jointly lend money to persons, partnerships or
companies, or any juristic persons with or without security, which
security may be either fixed or movable collateral or a combination
thereof, or right of claim on cash deposits, credit or other accounts,
or insurance policies, corporate bonds, debentures, bills of exchange,
promissory notes, letters of credit, or other right of claim, or other
rights, or other obligations, or as receivables due from any lawfully
conducted business, or deeds on real estate, various wares, merchandise
or equipment, bills of transfer of ownership and lading, delivery
orders, bonded warehouse certificates, dock warrants, or other
mercantile indicia or tokens, including notes, instruments or any
documents issued by banks, financial institutions, or persons which can
be used as security.
(3) To receive monies for deposit into
current, savings, fixed or other deposit accounts, including
acceptance of monies as deposits through the issuance of depository
notes or other instrument of rights, with or without allowance of
interest and to employ such money for making of loans, purchase, sale or
collection of money against bills of exchange or any other negotiable
instruments, or for other matters within the objectives of the company.
(4) To accept, maintain or manage
valuables, documents, any types of properties, rights and other
interests by any means, including the management of all kinds and
types of business for any persons, groups of persons, funds,
organizations, or other agencies in both the public and private sectors
within the country and abroad, as well as to provide consulting and
advisory services, services of provision of information, data, analyses,
project planning, advice on finance and investment, or consulting
services related to the buy/sale of business, mergers and/or
acquisitions, listing of company or securities in the Stock Exchange
or any securities trading center, including the operation or rendering
of all kinds of services pertinent to financial and investment
businesses, both in Thailand and elsewhere.
(5) To carry on the business of
purchasing, selling, purchasing with a discount, selling with a discount
or disposing of by any means, foreign currencies, bonds, treasury bills,
bills, letters of credit, warrants or other financial instruments, debt
instruments, including any instruments or evidences of right, or any
other instruments, shares, debentures, unit trusts, and all kinds and
types of securities.
(6) To deal in, assay and refine precious
metals (gold and silver).
(7) To invest money in such manner as may
from time to time be thought proper.
(8) To act as the securities registrar,
agent, broker, commission agent, facilitator in the securities trading
or to conduct any other duty in the trading of shares, debentures,
bonds, treasury bills, or any types of securities or for any other
businesses pertinent to monetary, investment, or commercial transaction
(9) To negotiate or pay in advance coupons or interest on public loans
(10) To contract for public or private
loans, and to negotiate and issue the same.
(10 bis.) To guarantee, to give aval or
undertake the liabilities, responsibilities of other persons.
(11) To act as executors of wills made by
customers and others.
(12) To act as agent for any
government, and for public or private bodies and persons.
(13) To promote, effect, guarantee,
underwrite, participate in, and carry out any issue, public or private,
of state, municipal, or other loans or of shares, debentures of any
company, corporation or association and to lend for the purposes of any
(14) To acquire and own movable and
immovable assets, rights, benefits, and things whose ownership or right
may be legally acquired under local laws, and to purchases, procure,
receive, take on lease, hire-purchase, or acquire ownership or right of
possession, or other rights, or to improve, use or otherwise acquire for
any other purpose, including to sell, dispose of, assign or transfer any
assets, or rights and duties of all kinds for any other benefit of the
Company or its employees.
(15) To carry on business in cooperation
with, or jointly invest with, or become a limited liability partner in a
limited partnership, or a shareholder in any limited companies, public
limited companies, funds, or agencies in either the public or private
sector within the country and abroad, as well as to become a business
alliance, or to participate in business contracts with any juristic
persons within the scope of the Company’s objectives.
(16) To amalgamate with any bank of
similar or concurrent objects.
(17) To appoint agents and to open
branches in any place and for any business as the Company shall
deem expedient and to revoke or dissolve such appointment or
establishment at the Company's discretion, or to represent other
commercial banks for the conduct of commercial banking business.
(18) To borrow money or other properties
with or without interest or security.
(19) To sell, exchange, transfer, pledge,
mortgage, let, let out on leasing of, let out on hire-purchase of,
permit for use of, dispose of by any other means, or otherwise utilize
any assets, or rights or duties which belong to the Company or any other
persons, or which become under the power of the Company or any other
persons, including the pledge, mortgage or securitization of or creation
of any obligation over the said assets, rights or duties as collateral
for debts, or for any other benefits for the business operation of the
Company in all respects.
(20) To increase or reduce company’s
capital from time to time as it deems necessary or expedient.
(21) To file a law suit, defend, appear
as a party, compromise, or taking whatsoever action in courts or in
judiciary or quasi-judiciary organization and to refer any disputes to
(22) To undertake business as non-life
and life insurance broker.
(23) To issue securities in the types of
shares, debentures, unit trusts, warrants to purchase any type
of securities, bills, securities, or other forms and kinds of
instruments as permitted, prescribed, or to be prescribed by the laws
governing public limited companies, securities and exchange, or any
other laws, for the purpose of offering for sale to the shareholders,
the general public or any persons, at the price equivalent to the
prescribed value, or at the price lower or higher than the prescribed
(24) To sell or transfer liabilities of
customers or debtors to any persons, juristic persons, Thai Asset
Management Corporation, asset management corporations, financial
institutions, funds, government agencies, including to purchase, or
participate in auctions, or accept any transfer of liabilities from
juristic persons, Thai Asset Management Corporation, any asset
management corporations, financial institutions, funds, government
agencies, as well as to transfer or acquire any right of claims arising
out of any sales of goods and services or factoring business, and to
collect money from other parties, and to provide services of
management of debt collection
(25) To engage in businesses pertinent to
issuance of credit cards, debit cards and other cards, including
the cooperation with both public and private agencies or any juristic
persons in issuing said cards to customers of the Company.
(26) To carry on any other business in
relation to, or in connection with, commercial banking business, or
any business traditionally regarded as commercial banking practice, or
that a commercial bank may conduct, or should conduct, or permitted,
approved or granted to conduct from the Bank of Thailand and/or relevant
government agencies, or that may lead to the accomplishment of all or
any of said objectives, including other business to be permitted by
(27) Also, in general, to do or cause to be done such acts and other
things as are incidental or conducive to the attainment of the above
mentioned objectives, directly or indirectly.