Thanachart Bank

Thanachart Bank
Public company
Industry Banking
Headquarters 900 Tonson Tower, Ploenchit Rd, Lumpini, Pathumwan, Bangkok[1], Thailand
Number of locations
 617 branches, 51 foreign exchange booths[2]:3, 2,100 ATMs[2]:45
Area served
 Thailand
Key people
 Mr Somjate Moosirilert, President and CEO[3]
9,922 million baht[2]:2
Total assets 1,008,890 million baht[2]:2
Number of employees
 14,806[2]:3
Parent Thanachart Capital PCL (TCAP)
Website www.thanachartbank.co.th/TbankCMSFrontend/defaulten.aspx

Thanachart Bank Public Company Limited (TBank) (Thai: ธนาคารธนชาต) is a bank headquartered in Bangkok, Thailand. It commenced operations on 22 April 2002 with Thanachart Capital PCL (TCAP) as its parent company.[2]:30. The bank is Thailand's sixth-largest bank (in assets). It serves its four million customers at some 600 branches nationwide.[1] TBank's Swift code is THBKTHBK.[4] The bank's fiscal year runs from 1 January to 31 December.[2]

History

Thanachart Bank began operations on 22 April 2002 with a restricted banking license.[1] It was granted a full commercial banking license by the Ministry of Finance on 1 March 2004.

In 2007, the Bank of Nova Scotia (Scotiabank) became a strategic partner by buying 24.98 percent of TBank 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.[2]:35

Performance

For the year ending 31 December 2014, Thanachart reported total assets of 1,008,890 million baht (= approximately US$ 27,864,880,000). Net profit for the year was 9,922 million baht (= approximately US$ 276,000,0009 .[2]:2 At the end of 2014 the bank had 617 branches, 51 foreign exchange booths, 14,806 employees[2]:3, and 2,100 ATMs.[2]:45

References

  1. 1 2 3 "Bank's Profile". Thanachart Bank. Retrieved 1 January 2016.
  2. 1 2 3 4 5 6 7 8 9 10 11 Annual Report 2014, Thanachart Bank Public Company Limited. Bangkok: Thanachart Bank. 2015. Retrieved 1 January 2016.
  3. ↑ "Board of Directors". Thanachart Bank. Retrieved 1 January 2016.
  4. ↑ "Thanachart Bank Public Company Limited Bangkok Swift Code". The Swift Codes. Retrieved 1 January 2016.
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