Type Public Industry Banking Owner Bank of Thailand | Traded as SET: KTB Area served Thailand | |
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Key people Mr. Areepong Bhoocha-oon, Chairman
Mr Vorapak Tanyawong, President Revenue 160,758.35 million baht (2015) Stock price KTB (BKK) THB 20.40 0.00 (0.00%)17 Mar, 4:37 PM GMT+7 - Disclaimer Headquarters Watthana District, Bangkok, Thailand Founded 14 March 1966, Bangkok, Thailand Subsidiaries Krung Thai Asset Management Public Co. Ltd. Profiles | ||
Krung thai bank public company limited
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.
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History
The bank came into being on 14 March 1966 following the merger of two government-owned banks, Kaset Bank and Monton Bank. 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. KTB'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). 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.
Krung Thai finished its fiscal year 2015 (31 December 2015) with assets of 2,815,329.65 million baht, revenue of 160,758.35 million baht, a net profit of 28,493.77 million baht, and total equity of 245,882.75 million baht.
In 2016, Krungthai was selected as "Best trade finance provider in Thailand 2016" by Global Finance magazine based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
Credit-related businesses
Capital market and financial advisors
Insurance
Support services
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.