BoT to monitor KBank after Gulf purchaseThe central bank placed KBank under stricter supervision after Gulf raised its stake in the bank to 10%. The Bank of Thailand is monitoring the increased shareholding in Kasikornbank (KBank) of 10% by Gulf Development Plc, saying KBank will be placed under intensified supervisory oversight. Gulf's shareholding in KBank in November last year increased to more than 5%, up from 4.53% as of March 13, 2025. According to Somchai Lertlarpwasin, assistant governor for financial institutions supervision at the central bank, KBank previously reported its shareholders when Gulf's stake reached 5% of the bank's total issued shares. The central bank also prioritises corporate governance in the operations of financial institutions.

Source: Bangkok Post February 17, 2026 23:11 UTC