Krung Thai Bank
.jpg) | |
| Public | |
| Traded as | SET: KTB |
| Industry | Banking |
| Founded | March 14, 1966 [1]:221 |
| Headquarters | 35 Sukhumvit Road, Khlong Toei Nuea, Wattana, Bangkok, Thailand [2] |
Area served | Thailand |
Key people |
Mr. Areepong Bhoocha-oon, Chairman Mr Vorapak Tanyawong, President[3]:5 |
| Revenue |
 ฿139.44 billion (2014) [4] |
 ฿33.19 billion (2014) [4] | |
| Total assets |
฿2,739.36 billion (2014) [4] |
| Total equity |
฿232.14 billion (2014) [4] |
| Owner | Bank of Thailand |
Number of employees | 23,014 (31 Dec 2014)[3]:137 |
| Website |
www |
Krung Thai (or Krungthai) Bank Public Company Limited (KTB) (Thai: ธนาคารกรุงไทย) is a state-owned bank under license issued by the Ministry of Finance. KTB's Swift code is KRTHTHBK.
History
The bank came into being on 14 March 1966 following the merger of two government-owned banks, Kaset Bank and Monton Bank.[5] The merged banks were then named "Krungthai Bank Limited", bearing its logo as an image of the Vayupaksa bird, which is also used by the Ministry of Finance. KTC's head office was originally located on Yawaraj Road.
On 2 August 1989, Krungthai Bank was the first state enterprise to list its shares on the Stock Exchange of Thailand (SET).[6] Its major shareholder is the Ministry of Finance through a shareholding of 6,184 billion shares by the Financial Institutions Development Fund (FIDF), accounting for 55.31 percent of total shares.
In addition to commercial banking activities, Krungthai Bank has served as a government channel for financial services in support of governmental initiatives. It does this by lending to businesses of certain types, such as One Tambon One Product (OTOP) loans, ICT computer loans, and educational loans. Moreover, the bank is used by most government agencies for disbursements. For example, the revenue department issues tax refunds via Krungthai cheque and it handles disbursement of government funds such as pension payments.
During Thailand's economic crisis, the bank supported the government policy of stimulating the national economy by providing the "Thai Khem Kheng Stimulus Package 2012" to boost liquidity.
Subsidiaries
Credit-related businesses
- KTB Leasing Company Limited (เคทีบี ลิซซิ่ง)
- Krungthai card Public Company Limited (KTC)
- Krungthai IBJ Leasing Company Limited
Capital market and financial advisors
- KT ZMICO Securities Company Limited
- Krungthai Asset Management Public Company Limited (KTAM)
- KTB Advisory Company Limited (KTBA)
Insurance
- Krungthai –AXA Life insurance Company Limited
- Krungthai Panich Insurance Company Limited (KPI)
Support services
- Krungthai Computer Services Company Limited (KCS)
- Krungthai General Services Company Limited (KGS)
- Krungthai Legal Services Company Limited (KLS)
Krungthai Bank's status of founder or shareholder of its subsidiaries companies is considered as state enterprise business in general, but in the form of subsidiaries of a state enterprise.
Businesses absorbed by Krungthai Bank
- Sayam Bank Company Limited, formerly named was Asia Trust Bank Limited, founded in 1965 with its name changed in 1984. It transferred the business on 17 August 1987, certain part of which became Thippayasin Co. Ltd. to oversee debtors of Sayam Bank Limited.
- Bangkok Bank of Commerce Public Company Limited (BBC) ceased operations in 1998. Krungthai Bank accepted the transfer of quality assets, liabilities, and budgets from BBC.
- First Bangkok City Bank Public Company Limited (FBCB) transferred its business to KTB on 2 November 1998.
Krungthai Shariah Bank
- Krungthai Bank's financial service under Sharia law, also known as Krungthai Shariah Bank, provided financial services in accordance with Islamic law. It was transferred to the Islamic Bank of Thailand on 9 November 2005.
References
- ↑ Krung Thai Bank (2011). 2010 Annual Report (PDF). Retrieved 17 November 2011.
- ↑ Krung Thai Bank. "Contact us". Retrieved 17 November 2011.
- 1 2 Krungthai Bank Annual Report 2014 (PDF). Bangkok: Krungthai Bank. 2015. Retrieved 29 December 2015.
- 1 2 3 4 Companies/Securities in Focus; KTB : KRUNG THAI BANK PUBLIC COMPANY LIMITED Stock Exchange of Thailand
- ↑ "About KTB: Roots of Stability". Krungthai Bank. Retrieved 29 December 2015.
- ↑ Stock Exchange of Thailand. "Company Summary". Retrieved 17 November 2011.
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