5 February 2003
|Krung Thai Bank|
|Traded as||SET: KTB|
|Founded||14 March 1966 :221|
|Headquarters||35 Sukhumvit Road, Khlong Toei Nuea, Wattana, Bangkok, Thailand |
Mr. Areepong Bhoocha-oon, Chairman|
Mr Vorapak Tanyawong, President:5
|Revenue||160,758.35 million baht (2015)|
|28,493.77 million baht (2015)|
|Total assets||2,815,329.65 million baht (2015)|
|Total equity||245,882.75 million baht (2015)|
|Owner||Ministry of Finance|
Number of employees
|23,014 (31 Dec 2014):137|
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.
As of February 2017 Krung Thai has the largest number of domestic branches of any Thai bank, 1,210.
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.