LH Financial Group

What LH Financial Group does

LH Financial Group Public Company Limited (SET: LHFG) is a non-operating holding company incorporated on 22 April 2009 under Bank of Thailand regulations requiring consolidated supervision of financial institutions. The group operates as the parent of a four-subsidiary financial business group: Land and Houses Bank (LH Bank) for commercial banking, Land and Houses Fund Management (LH Fund) for asset management, Land and Houses Securities (LH Securities) for brokerage, and Land and Houses Advisory (LH Advisory) for financial advisory. LH Bank is the dominant contributor, delivering Baht 2,655 million of the group's Baht 2,886 million net profit in FY2025. The company serves retail, corporate, and institutional customers requiring integrated banking, investment, and capital-markets services, with a strategic 46.61% ownership by Taiwan's CTBC Bank providing cross-border distribution across 14 countries.

The group's product architecture spans deposit and loan products, sustainable financing tied to greenhouse gas reduction targets, mutual fund products via LH Fund's Single Sign-on consolidated platform, securities trading via LH Securities' digital channels, and financial advisory services. Technology is positioned as "digital and AI" integration into work processes and customer service delivery, though specific AI capabilities, proprietary models, or patents are not disclosed. Operational integrations include Adobe Analytics, Google Analytics, and Facebook social network integrations for behavioral analytics and targeting on the corporate website.

The business model is anchored in three revenue streams: net interest income from LH Bank's lending activities, transaction-based securities commissions from LH Securities, and recurring asset management fees from LH Fund. Distribution is conducted through LH Bank's branch and digital channels domestically and via the CTBC Bank partnership network internationally. The go-to-market emphasizes one-stop financial services, ESG positioning (11 consecutive years of ESG100 inclusion, SET ESG AA rating, Carbon Neutral certification), and sustainability-linked lending, targeting both traditional banking customers and ESG-aligned institutional investors.

Name

LH Financial Group

Legal name

LH Financial Group Public Company Limited (บริษัท แอล เอช ไฟแนนซ์เชียล กรุ๊ป จำกัด (มหาชน))

Website

https://lhfg.co.th

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

LH Financial Group (SET: LHFG) is a Thai non-operating holding company overseeing Land and Houses Bank, Securities, Fund Management, and Advisory subsidiaries, serving retail, corporate, and institutional clients with integrated banking, brokerage, and asset management services, with strategic 46.61% ownership by Taiwan's CTBC Bank providing cross-border reach across 14 countries.

Ownership category

akta.pro rank

Headquarters

HQ city

Sathon

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Banking Interest Income: Interest income from lending activities through Land and Houses Bank
2. Securities Trading Commissions: Commissions from securities trading through Land and Houses Securities
3. Fund Management Fees: Management fees from fund management services through Land and Houses Fund Management

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

LH Financial Group Public Company Limited is a non-operating holding company that owns and oversees four wholly-owned subsidiaries delivering diversified financial services in Thailand: Land and Houses Bank (LH Bank) provides commercial banking including loan portfolios and sustainable financing; Land and Houses Fund Management (LH Fund) offers investment products via a consolidated Single Sign-on portfolio platform; Land and Houses Securities (LH Securities) provides securities brokerage and trading through digital channels; and Land and Houses Advisory (LH Advisory) provides financial advisory services. Revenue is generated through banking interest income, securities trading commissions, and fund management fees.

Product overview

LH Financial Group operates as a non-operating holding company overseeing a diversified financial business group comprising four main subsidiaries: Land and Houses Bank (LH Bank) for commercial banking services including loan portfolios and sustainable financing; Land and Houses Fund Management (LH Fund) for fund management with a consolidated portfolio platform via Single Sign-on; Land and Houses Securities (LH Securities) for securities trading and investment services with digital channel access; and Land and Houses Advisory (LH Advisory) for financial advisory. The group also maintains a strategic partnership with CTBC Bank. The group integrates digital technology and AI into work processes and customer services, with LH Bank additionally offering the SMART Money financial literacy program.

Differentiator

Problem solved

Functional benefit

Brands

• LH Bank: Commercial banking subsidiary - Land and Houses Bank Public Company Limited
• LH Fund
• LH Securities
• LH Advisory

Products and services

• Land and Houses Bank (LH Bank) - Commercial Banking
• Land and Houses Fund Management (LH Fund) - Fund Management Services
• Land and Houses Securities (LH Securities) - Securities Brokerage and Trading
• Land and Houses Advisory (LH Advisory) - Financial Advisory Services

Quantifiable outcome

• Net profit of Baht 2,886 million with 40.98% YoY growth in 2025
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

One partnership is on record.

• Financial Planning Association of Thailand (FPAT)minorStrategic or Co-development Partner · 2 July 2025LH Bank collaborated with the Financial Planning Association of Thailand to conduct the LH Bank SMART Money financial literacy program for personnel of the Mae Fah Luang Foundation under royal patronage. The association provided knowledge on financial management, investment planning, and coping with financial risks.

Scale indicators6 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• TISCO Financial Group: Thai-listed financial holding company overseeing commercial banking (TISCO Bank), securities, and asset management businesses — a directly comparable mid-sized diversified financial group serving retail, corporate, and wealth clients in Thailand.
• Thanachart Capital: Thai holding company with banking, securities, and asset management subsidiaries, historically tied to Bank of Nova Scotia; closely comparable structure of bank + securities + fund management under one listed entity in Thailand.
• CIMB Thai Bank: Thai subsidiary of CIMB Group with banking, securities, and advisory capabilities — directly comparable regional banking model and was the source of LH Securities and LH Advisory, which LHFG acquired from CIMB in 2014.
• KGI Securities (Thailand): Thailand-based securities firm within the KGI Financial Group, providing brokerage, investment banking, and wealth management — directly comparable to LH Securities in target customer and product offering.

Broad incumbents

• Siam Commercial Bank: One of Thailand's largest banks with SCB Asset Management and a leading mutual fund franchise; comparable to LHFG as a full-service banking + asset management platform, though at materially greater scale.
• Bangkok Bank: Thailand's largest commercial bank with universal banking capabilities including wealth and asset management; sets the competitive benchmark for LH Bank on deposit franchise, corporate lending, and fee income at scale.
• Kasikornbank: Major Thai universal bank with deep retail and SME reach plus a KAsset fund management subsidiary; competes with LHFG across banking, wealth, and asset management product lines.

Others

• CTBC Financial Holding: Taiwanese parent that holds 46.61% of LHFG and is the strategic anchor for international distribution; not a direct competitor in Thailand but a key related party and capital partner shaping LHFG's strategy.

Emerging players

• PhillipCapital Thailand: Regional brokerage and wealth management group with a Thailand presence offering securities trading and fund distribution; comparable as an emerging multi-product financial services player serving Thai retail investors.

Regional players

• One Asset Management: Thai asset manager affiliated with a regional financial group; comparable to LH Fund as a domestic mutual fund operator competing for retail and institutional AUM in the same Thai market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lh-financial-group-plc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 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 LH Financial Group