The story
Kiatnakin was founded in 1971 as a financial services company, and grew steadily until the recession of the late-1990s forced a suspension of operations. In 2005 the bank, which at the time had 22 financial service branches, applied for and received a commercial banking license.
In December 2011, Kiatnakin Bank and Phatra Capital amalgamated to form a new organization with a $1 billion valuation.
From Wikipedia’s article on Kiatnakin Phatra Bank, shared under CC BY-SA 4.0.4
