Thanachart Bank Company Profile and Performance

Thanachart Bank is a major player in the Thai banking industry, with a rich history dating back to 1993.

It was founded by a group of entrepreneurs led by Dr. Chirathivat, who also founded Central Group, a well-known retail conglomerate in Thailand.

Thanachart Bank has grown significantly over the years, expanding its services to meet the evolving needs of its customers.

The bank has a strong presence in Thailand, with a network of over 900 branches and a team of experienced professionals.

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Thanachart Bank started its operations on 22 April 2002 with a restricted banking license.

It wasn't until 1 March 2004 that the bank was granted a full commercial banking license by the Ministry of Finance.

Scotiabank made a significant investment in Thanachart Bank in 2007, buying 24.98 percent of its shares, which later increased to 48.99 percent.

Thanachart Bank started its operations on 22 April 2002 with a restricted banking license.

The bank was granted a full commercial banking license by the Ministry of Finance on 1 March 2004.

In 2007, Scotiabank acquired a significant stake in Thanachart Bank, buying 24.98 percent of its shares.

This stake was later increased to 48.99 percent, significantly impacting the bank's ownership structure.

As of 31 December 2014, TBank was 50.96 percent owned by TCAP and 48.99 percent owned by Scotia Netherlands Holdings.

Thanachart has a significant presence in Thailand, particularly in the banking sector. In 2019, Thanachart agreed to merge with TMB Bank, a retail bank in Thailand. The merger would make the merged bank the sixth largest bank in Thailand. This strategic move aimed to expand their reach and services to a wider customer base. The merged bank, TMBThanachart, has 91 branches initially, with 58 located in Bangkok and 33 in the provinces. Praphan Anupongongarch serves as the President of TMB-Thanachart Bank, overseeing the operations of the newly formed entity.

Additional reading: List of Banks That Have Merged to Form the State Bank of India

Thanachart Bank reported total assets of 1,008,890 million baht as of 31 December 2014. This significant figure highlights the bank's substantial financial resources.

The bank's net profit for the year ending 2014 was 9,922 million baht. This profit demonstrates the bank's ability to generate revenue and maintain financial stability.

Thanachart Bank has a strong presence in Thailand, with four million customers at 600 branches nationwide. This widespread reach allows the bank to serve a large customer base.

Major shareholders of Thanachart Bank as of 7 March 2023 include THANACHART Capital PLC, ING Bank N.V., Thai Ministry of Finance, and Thai NDVR. Here is a breakdown of their shareholding percentages:

By the end of 2014, Thanachart had a total of 617 branches across the country. These branches served four million customers.

The bank's workforce was quite large, with 14,806 employees on its payroll. This is a significant number, and it's likely that the bank's operations were well-staffed.

At the time, Thanachart had 2,100 ATMs available for its customers to use. This is a substantial number, and it's likely that customers had easy access to their money.

The bank's foreign exchange booths were also quite numerous, with 51 available for customers to use. This suggests that the bank was well-equipped to handle foreign transactions.

Thanachart's net profit for the year ending 2014 was a respectable 9,922 million baht. This is a significant amount of money, and it indicates that the bank was financially stable.

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As of 10 March 2020, Thai NVDR Co., Ltd. held a significant stake in the bank, owning 13.289% of the shares.

The major shareholders of the bank have changed over time. In 2020, MBK PUBLIC COMPANY LIMITED owned 11.150% of the shares, while THANACHART CAPITAL PUBLIC COMPANY LIMITED held 6.547%.

Thai NVDR Co., Ltd. was the largest shareholder in 2020, but by 2023, THANACHART Capital PLC had taken the top spot, owning 24.31% of the shares.

ING Bank N.V. was another major shareholder in 2023, holding 22.85% of the shares. The Thai Ministry of Finance also held a significant stake, owning 11.70% of the shares.

Here is a breakdown of the major shareholders as of 10 March 2020 and 7 March 2023:

Thanachart Bank's management team is led by experienced professionals. As of April 2024, Mr. Piti Tantakasem serves as the Chief Executive Officer.

Mr. Thakorn Piyapan holds the position of President, bringing his expertise to the role. Somkid Preechasammakul is the bank's Chief Financial Officer, responsible for overseeing financial matters.

Here is a brief overview of the bank's management team:

The Chairman plays a crucial role in any organization. Suphadej Poonpipat is the Chairman Of The Executive Board of Thanachart Bank Public Company Limited.

Having a strong leader at the helm can make all the difference in a company's success.

As of April 2024, the management team is led by Mr. Piti Tantakasem, who serves as the Chief Executive Officer.

Mr. Tantakasem is supported by Mr. Thakorn Piyapan, who holds the position of President.

The Chief Financial Officer, Mr. Somkid Preechasammakul, plays a crucial role in overseeing the company's financial operations.

Here is a list of the key management members as of April 2024:

Thanachart Bank is a Thai bank with a unique set of codes. The NAICS codes for Thanachart Bank Public Company Limited are 52399, 522, 5239, 52, 523, 522110, 52211, and 5221.

If you need to find Thanachart Bank in a database, you'll want to use its NAICS codes. These codes are used to classify businesses by industry.

Thanachart Bank's NAICS codes are 52399, 522, and 5239. These codes indicate that the bank is primarily involved in the finance and insurance industry.

You can also find Thanachart Bank listed under the SIC code 621, which is used for credit institutions. The SIC code 62 is also associated with the bank.

The NAICS codes for Thanachart Bank Public Company Limited are quite extensive, but they all point to the bank's role in the financial sector.

Worth a look: Bank Code