Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

A full service Thai brokerage

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

Thematic (Sector/Industry)

Thailand Financials / Thematic (Sector/Industry)

<ul><li>Yesterday, the Ministry of Finance, based on the recommendation of the Bank of Thailand (BoT), announced the approval of three entities to establish branchless commercial banks (virtual banks), as follows:</li><li>ACM Holding Co., Ltd. (True Money) Krungthai Bank Group (KTB) – Advanced Info Service (ADVANC) – PTT Oil and Retail Business (OR) SCB X Group (SCB) – KakaoBank – WeTechnology</li><li>The selection process was conducted in accordance with the Ministry of Finance’s announcement, which outlines criteria including qualifications, business plans, and the capability to deliver digital financial services that effectively serve target users — particularly individuals and SMEs who remain underserved by traditional financial services.</li></ul>

Yesterday, the Ministry of Finance, based on the recommendation of the Bank of Thailand (BoT), announced the approval of three entities to establish branchless commercial banks (virtual banks), as follows:ACM Holding Co., Ltd. (True Money) Krungthai Bank Group (KTB) – Advanced Info Service (ADVANC) – PTT Oil and Retail Business (OR) SCB X Group (SCB) – KakaoBank – WeTechnologyThe selection process was conducted in accordance with the Ministry of Finance’s announcement, which outlines criteria including qualifications, business plans, and the capability to deliver digital financial services that effectively serve target users — particularly individuals and SMEs who remain underserved by traditional financial services.

Banking - JUNE 20, 2025