26.08.2024
PRUDENTIAL LIFE CAPITAL Officially Assumes Ownership of Prudential Life Asset Management Bank, Ushering in a New Era of Financial Stability and Growth
August 28, 2024 – Bangkok, Thailand – In a landmark event, PLCAPITAL proudly announces the successful acquisition of Prudential Life Asset Management Bank. This transition marks the beginning of a new chapter, as we honor the legacy of Prudential Life Asset Management Bank while embracing the future with renewed commitment and vision.
The handover of assets and operations has commenced, symbolizing not just a change in ownership but a reinvigoration of our mission to deliver unparalleled financial services to our esteemed clients. As we move forward, we would like to share the following important details with our valued customers:
1. A Thoughtful Approach to Deposit Recovery: In recognition of our customers' trust and loyalty, PLCAPITAL will ensure that all account holders from the previous bank receive 70% of their deposits. The remaining 30% will be an opportunity for customers to become shareholders in PLCAPITAL, aligning their interests with our vision of long-term growth and prosperity.
2. A Seamless Transition to Our New Platform: In the spirit of innovation, all customer accounts have been securely migrated to our newly launched portal. While the previous portal has been decommissioned, the new platform promises enhanced functionality and a user-friendly experience tailored to meet the evolving needs of our clients.
3. Embracing the Future with Enhanced Security: As part of our commitment to regulatory compliance and customer security, all clients are required to complete a Know Your Customer (KYC) process. Upon completion, customers will immediately have access to 70% of their account balances on the new platform, allowing them to seamlessly continue their financial journey with us.
We acknowledge the challenges that come with such a significant transition and extend our deepest gratitude for your patience and support. We are committed to making this a smooth and positive experience for all our customers.
PLCAPITAL stands poised to build upon the strong foundations laid by Prudential Life Asset Management Bank. We look forward to serving you with the same dedication and excellence that you have come to expect, while also bringing new opportunities and innovations to enhance your financial future.
We invite all our customers to visit our new portal and complete the necessary steps to unlock the full potential of their accounts. Should you require any assistance, our customer service team is ready to provide support.
A New Dawn in Financial Services With PLCAPITAL at the helm, we are not just inheriting a legacy; we are crafting a future filled with promise, security, and growth. Thank you for trusting us to be a part of your financial journey. Together, we will achieve new heights.
About PRUDENTIAL LIFE CAPITAL: PLCAPITAL is more than a financial institution; it is a partner in your success. We are dedicated to innovation, integrity, and delivering exceptional value to our customers and stakeholders. Our commitment is to drive sustainable growth while maintaining the highest standards of financial stewardship.
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