While local banks are dominated in the market, foreign banks operating locally
account for only 10% of the total assets of the banking system, and foreign funding accounts for only 3.5%
of the total liabilities of the banking system (BOT,2010). Almost all of these banks operate in Bangkok and other major cities. These
foreign bank branches aim the business to multinational corporations which have a
very strong creditability or organizations of the same nationality. For example,
Procter & Gamble Trading (Thailand) Ltd may choose to do business with
American Banks such as the Bank of America, Citibank, or JP Morgan Chase
Bank.