Siinqee Bank has raised its subscribed capital fivefold, from 15 billion Br to 75 billion Br, following approval by shareholders at a general meeting held at Sky Light Hotel last week. The bank’s total assets reached 120.8 billion Br by the end of the 2024/25 fiscal year, up 102 pc from the previous year, and have since grown to 151 billion Br. Its loan portfolio expanded by 103.5 percent to 56.43 billion Br, now approaching 80 billion Br, with microfinance lending, particularly to agriculture, accounting for the bulk. Siinqee Bank’s depositor base has grown to nine million, while its Wabi digital platform has disbursed 4.5 billion Br to over one million users. The bank has also acquired a new 17-storey headquarters with two underground levels at a cost exceeding 1.3 billion Br, marking a major step in its expansion.
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