Bangkok--4 Dec--TMB Bank
TMB Bank reported successful fundraising thanks to shareholder and investor confidence in the ongoing merger with Thanachart Bank (TBANK). TMB Chief Executive Officer Mr. Piti Tantakasem appreciated their supports and vowed to proceed with merger-related plans, expecting the synergy to enhance the bank's competitiveness and support the offering of quality products for customers' better financial wellbeing.
Mr. Piti said the board of directors, the management team and staff of TMB and TBANK would like to thank all shareholders and investors who showed their confidence and supported the fundraising activities. In this regard, TSR subscription for newly-issued shares was approximately 90% which approximately over Bt38 billion. Domestic investors invested in sub-debt Tier 2 worth approximately Bt15 billion. Foreign investors supported the issuance of AT1 instrument worth US$400 million or approximately Bt12 billion.
"We believe that through the synergy our service coverage will be expanded, concerning both products, services and service channels. Meanwhile, it will increase our capability in developing products and services that better address Thai clients' needs. We strive to do more, to help improve Thais' financial wellbeing which will hence strengthen our society and the betterment of all in support of Thailand's sustainable development," Mr. Piti said.