October 20, 2014 11:30 PM ET

Banks

Company Overview of Thanachart Bank Public Company Limited

Company Overview

Thanachart Bank Public Company Limited provides banking services in Thailand. Its deposit products include saving deposits, fixed deposits, current deposits, foreign currency deposits, and tax-free monthly deposits. The company’s loan portfolio comprises corporate loans, including loans for corporate customers and small and medium-sized enterprises (SMEs); automobile loans for SMEs; automobile hire purchase loans; secured and unsecured personal loans; and trade finance services, which include import letter of credit, trust receipt, collection agency of D/P and D/A for oversea buyers, packing credit, export bills purchased/discounted, export bills for collection, letter of guarantee, and stan...

MBK Tower

444, Phayathai Road

Wangmai

Pathumwan

Bangkok,  10330

Thailand

Founded in 2002

Phone:

66 2 217 8000

Fax:

66 2 217 8333

Key Executives for Thanachart Bank Public Company Limited

Chief Executive Officer
Age: 57
Chief Financial Officer and Executive Vice President
Age: 50
Executive Director and Vice Chairman of Executive Committee
Age: 68
Deputy Chief Executive Officer
Age: 50
Executive Vice President and Executive Director
Age: 56
Compensation as of Fiscal Year 2014.

Thanachart Bank Public Company Limited Key Developments

Thanachart Bank Public Company Limited Announces Audited Consolidated and Company Earnings Results for the Second Quarter and the First Six Months Ended June 30, 2014

Thanachart Bank Public Company Limited announced audited consolidated and company earnings results for the second quarter and the first six months ended June 30, 2014. For the quarter, on consolidate basis, reported net profit attributable to the Bank amounted to THB 2,347 million, a decrease of THB 208 million or 8.13%. Operating income (income before impairment loss of loans and debt securities, corporate income tax, and non-controlling interest) was THB 5,211 million, increased by THB 235 million or 4.72%, mainly due to an increase in net interest income and efficiently managed operating expenses. Net profit of THB 2,347,306,000 or earnings per share of THB 0.43 compared to THB 7,261,363,000 or EPS of 1.31 for the same period last year. For the quarter, on company basis reported net profit of THB 2,949,297,000 or earnings per share of THB 0.53 compared to net profit of THB 8,447,701,000 or EPS of 1.53 for the same period last year. For the first six-month period of 2014, on consolidated basis, reported net profit attributable to the Bank was THB 4,902 million baht, decreased by THB 5,320 million baht or 52.04% from the same period last year. Operating income was THB 10,187 million, a decrease of THB 10,934 million or 51.77%. This was due to extra gain from sale of investment in a subsidiary company and special provision in the first six-month period of last year. If such items are excluded, net profit in the first six-month period of 2014 decreased by THB 36 million or 0.73% from the same period last year. Operating income increased by THB 1,282 million or 14.40%. Net profit of THB 4,902,199,000 or earnings per share of THB 0.89 compared to net profit of THB 10,222,404,000 or EPS of 1.85 for the same period last year. For the six months, on company basis reported net profit of THB 4,872,106,000 or earnings per share of THB 0.88 compared to net profit of THB 10,154,706,000 or EPS of 1.84 for the same period last year.

Thanachart Bank plc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Thanachart Bank plc reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net profit of THB 2,347 million, a decrease of THB 208 million or 8.13%. Operating income (income before impairment loss of loans and debt securities, corporate income tax, and non-controlling interest) was THB 5,211 million, increased by THB 235 million or 4.72%, mainly due to an increase in net interest income and efficiently managed operating expenses. For the first six-month, net profit attributable to the Bank was THB 4,902 million, decreased by THB 5,320 million or 52.04% from the same period last year. Operating income was THB 10,187 million, a decrease of THB 10,934 million or 51.77%. This was due to extra gain from sale of investment in a subsidiary company and special provision in the first six-month period of last year. If such items are excluded, net profit in the first six-month period of 2014 decreased by THB 36 million or 0.73% from the same period last year. Operating income increased by THB 1,282 million or 14.40%.

Thanachart Bank plc Announces Change of Head Office Address, Effective August 4, 2014

Thanachart Bank Plc announced that from August 4, 2014 onwards, the Bank will change its head office address from the previous address to the following address: 444, MBK Tower, Phayathai Road, Wangmai, Pathumwan, Bangkok 10330.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 5, 2014
Siam City Life Assurance Public Company Limited
 

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