Thanachart Bank Public Company Limited (TBank) ( th, ธนาคารธนชาต) was a bank headquartered in
Bangkok
Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...
, Thailand. It commenced operations on 22 April 2002 with Thanachart Capital PCL (TCAP) as its parent company.
In 2018, it was Thailand's sixth-largest bank in assets.
In 2021, it was merged with TMB Bank into
TMBThanachart Bank.
History
Thanachart Bank began operations on 22 April 2002 with a restricted banking license.
It was granted a full commercial banking license by the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance.
Lists of current ministries of finance
Named "Ministry"
* Ministry of Finance (Afghanistan)
* Ministry of Finance and Ec ...
on 1 March 2004.
In 2007,
Scotiabank
The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada ...
bought 24.98 percent of TBank's shares, later increased to 48.99 percent. TCAP's shareholding portion decreased to 50.92 percent. In July 2011 Scotiabank transferred all of its Thanachart Bank shareholdings to Scotia Netherlands Holdings B.V. As of 31 December 2014, TBank was 50.96 percent owned by TCAP and 48.99 percent owned by Scotia Netherlands Holdings.
TMBThanachart Bank
In 2019, Thanachart agreed to merge with
TMB Bank
TMBThanachart Bank (TTB) ( th, ธนาคารทหารไทยธนชาต จำกัด (มหาชน); ) is a Thai transactional bank based in Bangkok. It has been listed on the Stock Exchange of Thailand (SET) since 23 Decemb ...
, a retail bank in Thailand, which would make the merged bank the sixth largest bank in Thailand. The merger is completed on 5 July 2021. Initially, TMBThanachart (ttb bank) will have 91 branches, 58 in Bangkok and 33 in the provinces.
Praphan Anupongongarch is President of TMB-Thanachart Bank.
Performance
For the year ending 31 December 2014, Thanachart reported total assets of 1,008,890 million baht. Net profit for the year was 9,922 million baht.
At the end of 2014 the bank had 617 branches, 51
foreign exchange
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...
booths, 14,806 employees
, and 2,100
ATMs.
It has four million customers at 600 branches nationwide.
Shareholder
Major shareholders as of 10 March 2020:
[http://investor.thanachart.co.th/shareholdings.html]
1. Thai NVDR Co., Ltd. 13.289%
2. MBK PUBLIC COMPANY LIMITED 11.150%
3. THANACHART CAPITAL PUBLIC COMPANY LIMITED 6.547%
4. STATE STREET EUROPE LIMITED 5.761%
5. SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 2.450%
References
{{Banking in Thailand
Banks of Thailand
Companies based in Bangkok
Thai brands
Banks established in 2002
Banks disestablished in 2021
Defunct banks of Thailand