CP All shareholder vote slated for today
(Photo:123RF)
Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, is expected to debut in July, says Suphachai Chearavanont, senior vice-chairman of CP Group and board chairman of True Corporation.Rival Clicx Bank announced earlier this week it plans to launch its mobile app on June 19, aiming to tap underserved customers.
Clicx Bank, jointly established by Krungthai Bank, Advanced Info Service and PTT Oil and Retail Business, received its licence on May 14, the first of three applicants to obtain approval from the Bank of Thailand.
Mr Suphachai dismissed concerns that the group might be falling behind its rivals.
