BANGKOK, Thailand – Krungthai Bank (KTB) and TMBThanachart Bank (TTB) have issued official statements to the Stock Exchange of Thailand (SET), dismissing recent reports about a potential merger. Both banks confirmed that there are no ongoing discussions or plans regarding a merger.
In its statement, KTB clarified that the news is unfounded and that the bank’s board has not considered or directed any actions toward a merger. KTB reaffirmed its commitment to driving sustainable growth under its vision, “Krungthai: Standing by Thailand for Sustainability.” The bank emphasized its focus on supporting Thailand’s economic development through strategic partnerships and business ecosystem expansion while ensuring long-term value creation for shareholders.
Similarly, TTB stated that the reports were inaccurate and that the bank is not in any merger process. Moreover, no such plan is included in its five-year strategic roadmap. TTB reiterated its mission to “Make REAL Change,” aiming to enhance the financial well-being of its 10 million customers through an Ecosystem Play growth strategy and responsible lending practices. The bank also highlighted its ongoing organizational transformation to strengthen competitiveness and generate sustainable value for stakeholders.
Both banks reaffirmed their commitment to independent growth, focusing on innovation and long-term shareholder value. (TNA)
