Thanachart Bank Public

Thanachart Bank Public Company Limited (TBank)

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. The bank is Thailand's sixth-largest bank (in assets). Thanachart Bank began operations on 22 April 2002 with a restricted banking license. It was granted a full commercial banking license by the Ministry of Finance on 1 March 2004. In 2007, Scotiabank bought 24.98 percent of TBank's 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. For the year ending 31 December 2014, Thanachart reported total assets of 1,008,890 million baht. Net profit for the year was 9,922 million baht. At the end of 2014 the bank had 617 branches, 51 foreign exchange booths, 14,806 employees, and 2,100 ATMs. It has four million customers at 600 branches nationwide.