TMBThanachart Bank (ttb)

Key details

• Parent: assets

Overview

TMBThanachart Bank (ttb) is SET: TTB + Thai commercial bank + ING Group Dutch parent ~21.16%+ + Thai Vayupak Fund + Scotiabank Canadian parent strategic shareholders post-Dec 3 2019 TMB Bank + Thanachart Bank merger consolidation + one of Thailand's largest commercial banks by assets + ~9M+ Thai retail customers [1, th-cro].

History

Dec 3 2019 — TMB Bank + Thanachart Bank merger forms TMBThanachart Bank ttb distinctive Thai banking consolidation as Thailand's largest commercial banking merger.

2020 — ttb touch mobile banking app launch.

Ownership & operator

Operating entity: TMBThanachart Bank Public Company Limited ttb (Thai commercial bank; SET: TTB).

Major shareholders: ING Group (ENXTAM: INGA + NYSE: ING; Dutch banking group) ~21.16%+ controlling minority + Thai Vayupak Fund (Thai state-owned fund) ~22%+ + Scotiabank The Bank of Nova Scotia (TSX: BNS + NYSE: BNS) ~5.6%+ + Thai retail + institutional + foreign investors free float.

Regulators: BoT Thailand + SEC Thailand.

Technical integration

ttb touch mobile app (iOS + Android; ~9M+ Thai retail customers) + ttbbank.com online + ttb branch network across Thailand + ttb Visa + Mastercard cards; TH IBAN + PromptPay + Thai QR Payment.

Implementations & partners

Major Thai banking + payments competitors: [[bangkok-bank]] (Bangkok Bank BBL; SET: BBL; Thailand's largest commercial bank by assets) + [[kasikorn-bank]] (Kasikornbank K PLUS; SET: KBANK; Thailand's #2 commercial bank by assets) + [[siam-commercial-bank]] (Siam Commercial Bank SCB; SET: SCB; Thailand's #3 commercial bank by assets) + [[krungthai-bank]] (Krungthai Bank KTB; SET: KTB; Thai federal state-owned commercial bank) + [[krungsri]] (Krungsri Bank of Ayudhya BAY; SET: BAY; MUFG Bank Japanese parent ~76.88% controlling) + [[cimb-thailand]] (CIMB Thailand; CIMB Group Malaysian parent Thai subsidiary) + [[uob-thailand]] (UOB Thailand; UOB United Overseas Bank Singapore parent Thai subsidiary) + [[truemoney]] (TrueMoney Thai mobile wallet; True Corporation + Ascend Money + Ant Group JV; ~25M+ Thai users) + [[paotang]] (Paotang Thai government super-app wallet for social welfare + government services; ~40M+ Thai users; Krungthai Bank-operated).

Regulators: BoT Thailand + SEC Thailand.

Status

Active, SET:TTB + Thai commercial bank + ING Group Dutch parent + Thai Vayupak Fund + Scotiabank Canadian parent strategic shareholders post-Dec 3 2019 TMB Bank + Thanachart Bank merger consolidation + one of Thailand's largest commercial banks by assets + ~9M+ Thai retail customers [1, 2].

Sources

• 1 ttb — official
• 2 ttb — Wikipedia
• th-cro In-corpus: reports/countries/TH-thailand.md

Source

Biography extracted from ttb-bank.md. See matrix.md for standards-support matrix if present.