Thanachart Bank Public Company Limited (TBank) (Thai ：ธนาคารธนชาต） Is A Bank Headquartered In Bangkok, Thailand. It Commenced Operations On April 22, 2002 Under The Parent Company Thanachart Capital PCL (TCAP). In 2018, It Was The Sixth Largest Bank In Thailand By Assets. In 2021, It Merged With TMB Bank To Form TMBThanachart Bank.
History
Thanachart Bank Commenced Operations On April 22, 2002 With A Restricted Banking License. It Was Granted A Full Commercial Banking License By The Ministry Of Finance On March 1, 2004.
In 2007, Scotia Bank Purchased A 24.98% Stake In TBank, Which Was Later Increased To 48.99%. TCAP's Shareholding Ratio Was Reduced To 50.92%. In July 2011, Scotia Bank Transferred All Of Its Shares In Thanachart Bank To Scotia Netherlands Holdings B.V. As Of December 31, 2014, TBank Was 50.96% Owned By TCAP And 48.99% Owned By Scotia Netherlands Holdings.
TMBThanachart Bank
In 2019, Thanachart Agreed To Merge With Thai Retail Bank TMB Bank, Which Will Make The Merged Bank The Sixth Largest In Thailand. The Merger Was Completed On July 5, 2021. Initially, TMBThanachart (ttb Bank) Will Have 91 Branches, Of Which 58 Are Located In Bangkok And 33 In The Provinces. Praphan Anupongarch Is The President Of TMB-Thanachart Bank.
PERFORMANCE
For The Year Ended December 31, 2014, Thanachart Reported Total Assets Of THB 10,008.9 Million. Net Profit For The Year Was THB 9.922 Billion. At The End Of 2014, The Bank Had 617 Branches, 51 Foreign Exchange Kiosks, 14,806 Employees [3]: 3 And 2,100 ATMs. It Had 4 Million Customers In 600 Branches Across The Country.
Shareholders
Major Shareholders As Of 10 March 2020:
- THANACHART CAPITAL PUBLIC COMPANY LIMITED 13.289%
- MBK PUBLIC COMPANY 11.150%
- THANACHART CAPITAL PUBLIC COMPANY LIMITED 6.547%
- State Street Europe Limited 5.761%
- South East Asia United Kingdom (Class C) Agent Limited 2.450%
