3) Intangible assets As of December 31, 2021, the Bank’s service marks and trademarks registered with Department of Intellectual Property, Ministry of Commerce, with the registration valid for 10 years from the registration date and renewable every 10 years. 4) Investment in subsidiary and associated companies Policy on investments in subsidiary and associated companies The Bank has a policy to invest in related subsidiaries and associated companies, providing that such entities engage in either financial businesses or businesses that will contribute to the Bank’s core banking businesses and thereby enhance financial service offerings to customers. The companies must have good prospects with an acceptable level of risk. In order to ensure that subsidiaries and associated companies have undertaken proper business practices in line with the Bank’s investment policy, the Bank will participate in directing and determining their policies, business plans, and initiatives. Investment size will not exceed the limits permitted by the BoT. As of December 31, 2021, details of the Bank’s investments in subsidiaries and associated companies compared to its total assets as shown in the financial statements (the Bank only) are tabulated below: Policy on operations of subsidiaries and associated companies The Policy is developed by using the guideline of BoT’s Consolidated Supervision Policy that requires commercial banks under BoT’s supervision to comply with. The scope of the Bank’s supervision is divided into various aspects to cover the implementation of the Financial Business Group. The Policy comprises 1 core policy and 7 supporting policies as follows: (Bank Only) Total Net Investment by the Bank (THB million) As % of total assets Subsidiaries 725 0.04 Associated companies 4,389 0.25 Subsidiary and associated companies 5,114 0.29 Total Assets 1,754,689 100.0 82 TMBThanachart Bank Public Company Limited
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