In 2021, Thai economy was profoundly affected by COVID-19 pandemic and its new variants which spread faster. As a result, Thai economy, which heavily relied on tourism sector, recovered at a slower pace.

In 2022, Thai economy is expected to recover with supporting factors from the recovery of domestic demand and manufacturing sector, the recovery of tourism sector under the policy of opening the country, substantial expansion of export sector including government budget disbursement. However, there may still be risk factors such as unpredictability of COVID-19 outbreak situation, high household debt, impact from the constraints in the production and international logistics chains, and labor shortages including global economic and financial volatility

In 2021, LH Financial Group Public Company Limited’s financial business group grew stronger due to the additional acquisition of its shares by CTBC Bank on September 8, 2021, making CTBC Bank the major shareholder of the company, holding a total of 46.61% of the total issued shares. CTBC Bank realizes the opportunities to enhance competitiveness and growth of the financial business group.

In 2022, Land and Houses Bank Public Company Limited’s main strategy is to utilize digital banking capabilities and expertise in providing services with CTBC Bank’s comprehensive financial solution platform, which will jointly develop digital infrastructure and platform to enhance the bank’s competitiveness and accelerate its profitable business expansion. Having a good business partner and focusing on becoming a professional financial advisor as well as rapidly expanding the customer base by delivering comprehensive products and services such as credit products, deposits, foreign transactions, life insurance and non-life insurance and investment that meets the needs of customers in order to provide customers with the best services. These services include the provision of continued assistance to corporate and retail debtors affected by COVID-19 pandemic so that customers can continue their business, which will result in better economy in the country.

Land and Houses Fund Management Co., Ltd. has introduced new funds that are suitable for the market conditions such as new economy equity funds and developed mobile applications.

Land and Houses Securities Public Company Limited has been deploying technologies that provide services such as payment via QR Payment system, online subscription for capital increase or electronic rights offering (E-RO) and sending a request for ATS service via LH Bank M Choice application, etc.

The Board of Directors places the great importance on good corporate governance and management with honesty, and encourages the company to adhere to the compliance guidelines on market conduct and Personal Data Protection

The company would like to thank our valued customers, shareholders and all stakeholders, employees, public and private financial institutions and government agencies for their trust and continued support that they have placed in the Land and Houses financial business group.