TMB or TMB Bank Public Company Limited and its subsidiaries’ credit rating was upgraded by S&P Global Ratings (S&P). On 24 August 2020, S&P announced the upgrade of TMB’s long-term rating by 1 notch from BBB- to BBB after considering that the merger between TMB and Thanachart Bank has improved the merged bank’s systemic importance together with the substantial progress on its integration plan. With that, S&P expected the merged bank to complete the integration in July 2021 as plan, leading to the latest rating upgrade.
Mr. Piti Tantakasem, CEO, mentioned “Since the announcement of the merger with Thanachart Bank, TMB’s credit rating was upgraded twice. First, Moody’s raised TMB’s long-term rating by 1 notch from Baa2 to Baa1 last year and the latest one by S&P which was announced yesterday. The rating upgrades reflect the positive view on the merged bank’s potentials, the systemic importance after merger and overall financial position.
Amid the COVID-19 pandemic, TMB and Thanachart Bank have progressed on its integration milestones as plan and on track to complete the merger in July 2021. Business operation is also in line with plan, especially in 3 key areas which help strengthen the group’s financial position. The Bank has stored higher liquidity from expanding deposit base. It has also ensured balance sheet quality by reducing non-performing loans as well as consistently maintained high capital level. These efforts ensure the group’s ability and readiness to tackle with economic headwinds and to provide financial assistance to customers affected by COVID-19”
On a side note, as of second quarter 2020, TMB and Thanachart Bank could grow deposit by 3.2% from last year and further reduced non-performing loan ratio to 2.34%. Capital adequacy remained strong and was among the top tier in Thai banking industry. CAR and Tier 1 were reported at 18.6% and 14.6%, well above the Bank of Thailand’s minimum requirement of 11.0% and 8.5%, respectively.
TMBThanachart reported a net profit of THB 5,096 million for the 1st quarter of 2025, driven by efficient cost management
TMBThanachart will seek shareholders' approval for the dividend payout of 60% of 2024 net profit
TMBThanachart announced a 3-year share repurchase program worth up to 21,000 million baht
TMBThanachart reported the net profit of THB 5,230 million for the third quarter of 2024 and THB 15,919 million for the nine-month period
TMBThanachart announced an interim dividend of 0.065 baht per share
TMBThanachart reported net profit of THB 4,735 million in 3Q23, a 27% increase from the same period last year
TMBThanachart announced an interim dividend payment of 0.05 baht per share, totaling 4.8 billion baht, an increase of approximately 150% from the previous interim, reflecting the Bank's post-merger strengths.
TMBThanachart reported net profit of THB 4,566 million in 2Q23, a 33% increase year-over-year. For the first half of 2023, net profit was THB 8,861 million