‘Krung Thai Bank’ loses the status of ‘State Companies’, checks the status, reveals profiles and main shareholders



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November 9, 2020


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Open the latest information “Krung Thai Bank” withdrew verification of the status, profile and major shareholders of “State company”

It became a wave of public interest at the event. Krung Thai Bank Public Company Limited Notified the results of the State Council Office that Krung Thai Bank Public Company Limited is not a company or a joint stock company that is a state company

Later, Krung Thai Bank Submit letter to notify the Stock Exchange studying the results of the opinion of the State Council Regarding the qualifications of the directors and senior executives of the Bank until the conclusion that By the results of the opinion of the State Council Together with the entry into force of the Law on Development, Supervision and Administration of State Enterprises, BE2019

Resulting in Director Director As well as Bank Employees Not subject to the Standard Qualifications for Directors and Employees of the State Enterprises Act of 1975 ”

While Mr. Prapas Kong-ied, Director General of the State Enterprise Policy Office (Sister Kor Sister) He received a reply that Sister Kor. As governor of state companies What Krung Thai Bank It is one of the state companies serviced by Corporations, but at the moment when legal Krung Thai has ceased to be a state company and knows that the Comptroller General will issue a new regulation. So that government agencies can continue to conduct financial transactions with Krung Thai Bank without any violation of regulations

Krung Thai Bank status, loan amount 2 trillion baht – 9-month profit this year 68.023 million baht

Interestingly, Krung Thai Bank revealed that the bank and its subsidiaries had an operating profit for the third quarter of 2020 of 16,572 million baht, an increase of 16.0 percent over the same quarter last year.

Krung Thai Bank Operating profit for nine months of 2020 increased 12.4 percent over the same period last year. This was due to net interest income of 68,023 million baht, which grew 0.6 percent amid the policy interest rate cut to a record low andLatest information from Krungthai Bank Total loan and accrued interest receivable, net 2,149,620 million baht.

11 main shareholders Krung Thai Bank

Information from the Thailand Stock Exchange set.or.th revealed 11 major shareholders. Krung Thai Bank as follows
1.Financial Institutions Development Fund 55.07%
2.Thai NVDR Company Limited 5.97%
3. STATE STREET EUROPE LIMITED 2.60%
4 savings cooperatives Thailand Electricity Generation Authority Limited 2.33%
5. Vayupak Fund One of MFC Asset Management Public Company Limited 2.19%
6. Vayupak Fund One of Krung Thai Asset Management Public Company Limited 2.19%
7. SOUTHEAST ASIA UNITED KINGDOM (TYPE C) NOMINEES LIMITED 1.45%
8.The Federation of Savings Cooperatives of Thailand Limited 1.42%
9. Government Savings Bank 0.81.
10.THE BANK OF NEW YORK MELLON 0.71.
11. NOMINEES OF BNY MELLON LIMITED 0.70%

History of Krungthai Bank, 54 years

In 1966, “Krung Thai Bank” began operating, establishing “Krung Thai Bank Limited”, the first branch, including two banks that the government was the main shareholder at that time, namely Kaset Bank Co., Ltd. and Monthon Bank Co., Ltd., the office located on Yaowarat Road. Important economic paths at that time This is to have a stable financial state that can protect depositors. And serve customers more broadly and play a role in improving the country’s economy.

1982 Krung Thai Bank moved its head office to Sukhumvit Road. It relocated the head office to Building No. 35 Sukhumvit Road until now.

Year 1987 Krung Thai Bank has been assigned To help manage the “April 4 Project” after the Bank of Thailand With an emphasis on business This means that Krung Thai Bank plays an important role in helping solve one of the major economic crises of Thailand Then August of the same year Krung Thai Bank has received distressed assets and liabilities from Siam Bank Limited from this merger. This makes Krung Thai Bank the second most asset-intensive bank in the country and plays a role as the main bank.

1989-1994 Krung Thai Bank shares are listed on the Thailand Stock Exchange. Another important step occurred when the Bank’s shares were listed on the Thailand Stock Exchange. What is the first state company After the opening of the sale of the bank in the SET From August 2, 1989 to March 24, 1994, Krung Thai Bank became a public company with the name of “ Krung Thai Bank Public Company Limited ”using the English name“ Krung Thai Bank Public Company Limited ”.

1997-2004 Krungthai Bank overcame obstacles with determination. In 1997, most financial institutions were facing a lack of trust. In financial institutions But Krung Thai Bank was able to overcome obstacles during With economic conditions AND the country’s finances were almost bankrupt

Year 2003 Krung Thai Bank is the first commercial bank. That can pay dividends to shareholders. And it is also a leader in maintaining deposit rates. It is the latest commercial bank Announced to reduce the interest rate on deposits down It is also a leader in campaigns for people to maintain and disclose their own credit information to benefit from applying for credit by the end of 2004. Donate money to help tsunami victims in 6 southern provinces. For an amount of 100 million baht

Today, Krung Thai Bank has changed from “The Convenience Bank” or “The Convenience Bank”, which is considered the standard of banking services today, to the concept of “Growing Together” or “Krung Thai Side by Side of Thailand “.

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Information source from https://krungthai.com/

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