Post by account_disabled on Jan 2, 2024 22:45:57 GMT -5
TMB Bank and Thanachart Bank reveal the merger plan between the two banks, revealing details of Thanachart Bank's restructuring. Including guidelines for increasing capital of TMB Bank. And the main shareholder structure initially consists of ING holding 21.3% of shares in PCL. Thanachart Capital (TCAP) holds 20.4% of shares, the Ministry of Finance holds 18.4% of shares, Scotiabank (BNS) holds 5.6% of shares, and retail shareholders 34.3%. It is expected that the entire merger process will be completed in 2021 by In announcing this plan It consists of committees and executives from all departments, including .
Mr. Jumpol Rimsakorn, Deputy B2B Email List Permanent Secretary of the Ministry of Finance, Mr. Mark Newman, Head of Challengers & Growth Markets Asia, ING, Mr. Suphadej Poonpipat, Chairman of the Executive Committee, TCAP, Mr. Philippe G.J.E.O. Damas, Chairman of the Bank's Executive Committee. TMB Mr. Somjate Moosirilert, President of TCAP, Mr. Piti Tantakasem, Chief Executive Officer of TMB and Mr. Praphan Anupongongat, Chief Executive Officer and President of Thanachart Bank. Mr. Jumpol Rimsakorn, Deputy Permanent Secretary of the Ministry of Finance, said "This merger This is in line with the government's idea of promoting mergers and acquisitions to increase business size and competitiveness.
This will have a positive effect on the stability of the country's financial institutions and the Thai economy as a whole. It also promotes and supports foreign investment to increase investment in Thailand. The Ministry of Finance is ready to invest an additional amount of not less than 11,000 million baht and has the right to purchase additional shares from the allocation according to the rights that should be had in the case that there are other existing shareholders. Not using full rights To maintain its status as one of the main shareholders due to confidence from TMB's past performance as well as ING's potential which has helped drive TMB's success to become one of the leading banks in Thailand today.
Mr. Jumpol Rimsakorn, Deputy B2B Email List Permanent Secretary of the Ministry of Finance, Mr. Mark Newman, Head of Challengers & Growth Markets Asia, ING, Mr. Suphadej Poonpipat, Chairman of the Executive Committee, TCAP, Mr. Philippe G.J.E.O. Damas, Chairman of the Bank's Executive Committee. TMB Mr. Somjate Moosirilert, President of TCAP, Mr. Piti Tantakasem, Chief Executive Officer of TMB and Mr. Praphan Anupongongat, Chief Executive Officer and President of Thanachart Bank. Mr. Jumpol Rimsakorn, Deputy Permanent Secretary of the Ministry of Finance, said "This merger This is in line with the government's idea of promoting mergers and acquisitions to increase business size and competitiveness.
This will have a positive effect on the stability of the country's financial institutions and the Thai economy as a whole. It also promotes and supports foreign investment to increase investment in Thailand. The Ministry of Finance is ready to invest an additional amount of not less than 11,000 million baht and has the right to purchase additional shares from the allocation according to the rights that should be had in the case that there are other existing shareholders. Not using full rights To maintain its status as one of the main shareholders due to confidence from TMB's past performance as well as ING's potential which has helped drive TMB's success to become one of the leading banks in Thailand today.