Tisco Financial Group

What Tisco Financial Group does

TISCO Financial Group Public Company Limited is a Bangkok-headquartered, publicly listed Thai financial services holding company founded in 1969 as the country's first investment bank (originally Thai Investment and Securities Company Limited, with Bankers Trust New York as a founding shareholder). The group operates a fully integrated financial services ecosystem across wholly-owned subsidiaries: TISCO Bank (commercial banking), TISCO Securities (brokerage), TISCO Asset Management (mutual and provident funds), TISCO Wealth (private banking), TISCO Autocash (auto cash loans), TISCO Insure (insurance brokerage), and Somwang / Highway Company (microfinance for underserved customers). TISCO Bank and the holding company are both listed on the Stock Exchange of Thailand (ticker: TISCO).

The company serves four primary customer segments — retail consumers, small and medium enterprises, large corporate clients, and high-net-worth individuals — through a multi-channel distribution model comprising 50+ physical branches across Thailand (including mall-based locations in Central, The Mall, and IconSiam), the TISCO My Wealth digital platform, an e-Services suite (e-Statement, e-Cash Management, e-Invest, e-Trade, e-Provident Fund), a contact center, LINE Official Account (@TISCO), and dedicated relationship managers for corporate and private banking clients. Core technology includes an in-house economic research unit (TISCO Economic Strategy Unit), a proprietary web-based floorplan stock management system for auto dealers, and Basel III-compliant capital adequacy and risk management frameworks. Open-finance API ('Your Data') and National Credit Bureau integration support regulated data interoperability.

Revenue is generated through five principal streams: net interest income from hire purchase, housing, SME, and corporate loans (200 billion baht loan book); fee and commission income from securities brokerage and asset management (TISCO Asset Management is ranked #1 in provident fund management in Thailand); bancassurance distribution commissions from partnerships with Bangkok Insurance, Generali, Prudential, FWD, AIA, MSIG, Allianz, and Chubb; investment banking fees from M&A advisory, underwriting, and debt restructuring; and private banking advisory and management fees (HNW minimum 20 million baht). For the most recent full year (2025), the group reported 200 billion baht in total loans (+1.5% YoY) and 7,000 million baht in net profit (-3.5% YoY); 1H2026 net profit recovered to 3,497 million baht (+6.4% YoY), driven by hire purchase, insurance, and capital markets.

Name

Tisco Financial Group

Legal name

TISCO Bank Public Company Limited.

Website

https://tisco.co.th

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TISCO Financial Group is a Bangkok-based, publicly listed Thai financial services holding company founded in 1969, operating an integrated ecosystem of banking, securities, asset management, private banking, insurance brokerage, auto finance, and microfinance subsidiaries serving retail, SME, corporate, and high-net-worth customers across Thailand through 50+ branches and digital channels.

Ownership category

akta.pro rank

Product category

Diversified Financial Services

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (52218), Open-End Investment Funds (525910), Other Financial Vehicles (525990), Funds, Trusts, and Other Financial Vehicles (525)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Private Banking & UHNW Wealth Advisory (FSAEABAC), Bank-Affiliated Retail Wealth Management (FSAAAAAB), Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI)

Keywords

• Retail banking services
• Investment banking
• Asset management
• Wealth management
• Hire purchase lending

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices51 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income (Interest from Loans and Deposits): Primary revenue driver from interest-earning assets including hire purchase loans (auto loans), housing loans, SME loans, corporate loans, and deposit-taking. Interest rates published (MLR 7.350%, MOR 7.100%, MRR 7.400%, MHR 6.940%). The bank offers diverse loan products spanning retail (car loans, home loans), SME (hire purchase, truck registration loans, land title loans, machinery loans, floorplan financing), and corporate segments.
2. Fee and Commission Income — Securities & Asset Management: Revenue from securities brokerage (TISCO Securities), mutual fund management (TISCO Asset Management), and provident fund services. TISCO Asset Management is ranked #1 in provident fund management in Thailand. Fee income from fund management, securities trading commissions, and investment advisory services.
3. Bancassurance — Insurance Distribution: TISCO distributes life, health, car, accident, home, and lifestyle insurance products through its branch network and digital channels as an insurance broker (TISCO Insure). Commission revenue from insurance product sales including partnerships with major insurers such as Bangkok Insurance, Generali, Prudential, FWD, AIA, MSIG, Allianz, and Chubb.
4. Investment Banking Fees: Revenue from advisory, underwriting, and arrangement services for corporate capital raising, debt restructuring, and M&A advisory. Services include financial advisory, securities underwriting, and debt restructuring.
5. Private Banking Advisory Fees: Wealth management services for high-net-worth clients (minimum investment assets of 20 million baht) including investment advisory, asset allocation planning, and access to financial products, generating advisory and management fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

TISCO Financial Group is a publicly listed Thai holding company that delivers diversified financial services through its subsidiaries: TISCO Bank (commercial banking, deposits, hire-purchase/auto and SME lending), TISCO Securities (brokerage), TISCO Asset Management (mutual and provident funds — #1 in Thai provident fund management), TISCO Wealth (private banking for HNW clients from 20M baht), TISCO Autocash (auto loans), TISCO Insure (insurance brokerage), and Somwang (microfinance). Products span retail and corporate deposits, hire-purchase, mortgage, SME, and corporate loans, investment banking, securities trading, wealth advisory, and insurance distribution, served via 50+ branches and digital channels across Thailand.

Differentiator

Problem solved

Functional benefit

Brands

• TISCO Securities (บล.ทิสโก้): Securities brokerage and trading services for equity, derivatives, and foreign securities
• TISCO Asset Management (บลจ.ทิสโก้)
• TISCO Wealth (ทิสโก้เวลธ์)
• TISCO Autocash (ทิสโก้ออโต้แคช)
• TISCO Insure (ทิสโก้อินชัวร์)
• Somwang - สมหวัง เงินสั่งได้
• TISCO My Savings
• TISCO e-Savings
• TISCO e-Fixed
• SME Easy Money
• TISCO Mortgage Saver

Products and services

• Retail Banking — Deposits and Savings Accounts Deposit and savings products for individual consumers in Thailand, including Standard Savings (0.25% p.a.), Basic Banking Account, Super Savings, Diamond Savings, Blue Diamond Savings, TISCO My Savings (0.25–1.75% p.a.), TISCO e-Savings (0.50–1.35% p.a.), Special Current Account, Tax-exempt recurring deposits (1.50–1.60% p.a.), Standard term deposits (0.25–0.90% p.a.), Special 11-month term deposit (1.25%), Special 3-month term deposit with mutual fund investment (1.20–2.00%), and TISCO e-Fixed digital fixed deposits. Distributed through 50+ branches, digital channels, contact center, and LINE @TISCO.
• Hire Purchase / Auto Loans (TISCO Autocash) Vehicle and equipment hire-purchase financing for retail and commercial borrowers across Thailand. Rate ranges include new car 3.00–5.00% p.a. fixed, used car (≤10 years) 5.00–8.30% p.a., used car (>10 years) 6.00–8.30% p.a., new truck & trailer 4.00–7.00% p.a., used truck 7.00–9.00% p.a., agricultural tractors 2.91–8.40% p.a., new motorcycle 4.00–8.00% p.a., new machinery 7.00–11.00% p.a., and used machinery 8.00–12.00% p.a. Includes TISCO Autocash Fast & Easy 1-hour approval promotion.
• Home Loans / Mortgage (TISCO Mortgage Saver) Mortgage lending for Thai homebuyers, priced against the published Minimum Housing Rate (MHR) of 6.940% p.a. plus a credit-based margin. Distributed via branches, contact center, and digital channels.
• SME Business Loans SME financing products for Thai SMEs (legal entity registered in Thailand with Thai shareholders >50%, minimum 3 years operating history, positive shareholder equity, no NPL status). Includes Registration Title Loan (LAAL) up to 20M baht starting 0.49%/month (10.65% p.a. reducing), Land Title Business Loan (โฉนดแลกเงินเพื่อธุรกิจ มีที่ดิน มีทุน) 3–30M baht (max 50% of collateral appraisal) with up to 120-month repayment, machinery financing, truck/vehicle registration loans, working capital, supply chain financing, government contract financing, and web-based floorplan stock management for auto dealers.
• Corporate Banking & Investment Banking Corporate banking and investment banking services for large Thai enterprises under a 'Lifetime Partner' / 'Total Solution' model. Includes large corporate lending, project finance, trade finance, guarantee services, cash management (e-Cash Management), payroll processing, investment banking (M&A advisory, capital markets, securities underwriting, debt restructuring), corporate insurance, and provident fund administration. Serviced by dedicated corporate relationship managers and investment banking advisors.
• Securities Brokerage (TISCO Securities) Securities brokerage services via TISCO Securities (บล.ทิสโก้) for equity trading, derivatives, and foreign securities, supported by e-Trade digital channel. Recognized with SET Awards 2025 — Outstanding Securities Company (Best Service to Institutional Investors).
• Asset Management / Mutual & Provident Funds (TISCO Asset Management) Asset management services through TISCO Asset Management (บลจ.ทิสโก้) covering mutual funds (equity, debt, balanced, target date), private funds, retirement planning products (SSF, RMF), and provident fund administration. Ranked #1 in provident fund management in Thailand. Distributed via e-Invest and e-Provident Fund digital channels. Recent fund launches include TSEMICON (semiconductor, 2026-07-07), TGQUALITY-UH (2025), TGOV7M4 (2025), with TGSMART and TWORLD fund capacity increases in 2026.
• Private Banking / Wealth Management (TISCO Wealth) Private banking and wealth advisory services through TISCO Wealth (ทิสโก้เวลธ์) for high-net-worth individuals with investable assets starting from 20 million baht. Services include investment advisory, global asset allocation, insurance planning, retirement planning, estate/wealth transfer planning, and access to curated investment products from multiple fund managers. Supported by the TISCO Economic Strategy Unit in-house research. Includes dedicated private banking relationship managers and TISCO My Wealth digital platform.
• Insurance Brokerage (TISCO Insure) Insurance brokerage services through TISCO Insure (ทิสโก้อินชัวร์) distributing life, health, car, accident, home, and lifestyle insurance products as an insurance broker. Bancassurance partnerships include Bangkok Insurance, Generali, Prudential, FWD, AIA, MSIG, Allianz, and Chubb.
• Microfinance (Somwang — สมหวัง เงินสั่งได้) Micro-lending services under the Somwang brand operated by Highway Company Limited (บจก.ไฮเวย์) for underserved customers with appropriate interest rates. Part of the group's financial inclusion strategy.
• TISCO My Wealth Digital Banking Platform Digital banking platform offering account management, investment access, and financial planning tools for retail customers. Part of the broader e-Services suite including e-Statement, e-Cash Management, e-Invest (mutual funds), e-Trade (securities), e-Provident Fund, and Corporate File Transfer. Mobile-accessible and supported by open-banking API integration via the 'Your Data' program.

Quantifiable outcome

• Net profit of 7,000 million baht (down 3.5% YoY) and 3,497 million baht in 1H2026 (up 6.4% YoY) — demonstrating profitability recovery in the first half of 2026 driven by core business growth.
• +3 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Thai Financial Planning Association (TFPA)coreStrategic or Co-development Partner · 23 June 2026TISCO Bank collaborated with TFPA (Thai Financial Planning Association) to run 'The Advisor Club' program (4th edition) under the 'Friends for Well-Being' framework. The program provides advanced financial planning knowledge and AFPT™ (Authorized Financial Planner Thailand) certification support for TISCO relationship managers and customer-facing staff, enhancing the quality of financial advisory services for clients.
• VanEckcoreStrategic or Co-development Partner · 1 January 2025TISCO Asset Management launched the TSEMICON fund, an open fund investing in VanEck Semiconductor ETF, providing Thai investors access to global semiconductor industry exposure. The fund targets investors seeking AI-driven technology sector growth and is distributed through TISCO's network.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TMBThanachart Bank (ttb): Thai commercial bank formed from TMB and Thanachart Bank merger, with retail, SME, and wealth segments. Similar mid-size positioning to TISCO and competing directly in hire purchase and SME lending.
• LH Bank (Land and Houses Bank): Thai mid-sized commercial bank focused on retail mortgage and SME lending. Comparable size tier to TISCO with overlapping retail and mortgage products and similar digital transformation profile.
• Bank of Ayudhya (Krungsri): Mid-large Thai commercial bank with strong retail, hire purchase, and credit card franchises. Closest direct competitor to TISCO in hire purchase and auto lending, owned by MUFG.
• Krung Thai Bank (KTB): State-owned Thai commercial bank with strong retail and SME presence plus government-banking relationships. Direct competitor in Thai retail and SME lending, and a comparable size tier.
• Siam Commercial Bank (SCB): Major Thai universal bank with retail, SME, corporate, wealth, and securities subsidiaries (SCB Securities, SCB Asset Management). Competes head-to-head with TISCO across all major customer segments.
• KASIKORNBANK (KBANK): One of Thailand's largest universal banks, offering retail, SME, corporate, wealth, and investment banking services. Closest large-scale direct competitor to TISCO's integrated banking, securities, and asset management franchise.
• Kiatnakin Phatra (KKP): Thai financial group with investment banking roots (Phatra Securities) plus commercial banking and asset management. Highly comparable in business model mix, scale, and investment banking heritage to TISCO.

Emerging players

• Thanachart Capital: Thai holding company with significant stake in ttb; focused on asset management, securities, and consumer finance. Comparable in scale and business mix to TISCO's non-bank subsidiaries (asset management, securities, hire purchase).

Broad incumbents

• Bangkok Bank: Thailand's largest commercial bank by assets with extensive corporate banking, retail, and international network. Overlaps with TISCO in corporate banking, retail deposits, and wealth management but at a much larger scale.

Regional players

• CIMB Thai: Thai subsidiary of Malaysia's CIMB Group, offering retail, SME, and investment banking services. Comparable mid-tier Thai bank with regional parent and similar diversified financial services offering.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/tiscogroup
• Facebookfacebook.com/TISCOFinancialGroup
• LinkedInlinkedin.com/company/tisco

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tisco Financial Group