Corporate Profile > Nature of Business Operation
Nature of Business Operation
 
        Land and Houses Bank Public Company Limited operated the business as officially on December 19, 2005 which the Bank of Thailand approved the banks operate the business as the retail commercial bank. On December 16, 2011, the Ministry of Finance, by the recommendation of the Bank of Thailand, approved and upgraded of Land and Houses Retail Bank Public Company Limited from the retail bank into a commercial bank on December 19, 2011 under the name of Land and Houses Bank Public Company Limited and has official opening on December 19, 2011.

        The bank has developed its strategic plan and business plan in accordance with the vision and missions by operating business in line with sustainability, considering environment, society, good governance, risk management, technology development and innovation, providing knowledge and promoting financial discipline, developing products and services that meet the needs of all customer segments, expanding channels for easy and convenient access to financial services for the best interest of all stakeholders. The bank also takes into account business environments including economic situations, domestic and foreign politics as well as other internal factors such as strengths, weaknesses, opportunities, threats, key success factors and other significant issues that must be followed. The bank shall consider all factors to determine the organization strategy in each year, and regularly review the action plan to be updated with situations and lead the organization, society and nation towards sustainable growth.

        Land and Houses Bank Public Company Limited is ranked at a level of “AAA” with “stable” outlook and affirms the rating of LH Bank’s hybrid Tier 2 capital securities at “AA” by Tris Rating. The company rating reflects bank’s continual improvements in the business and financial profiles including good quality assets and the strengthening of capital base.