AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Siam Commercial Open to Merger Talks with Thai Military Bank.
Byline: Parista Yuthamanop
Mar. 3--Siam Commercial Bank would consider a potential merger with Thai Military Bank in the future, according to SCB chairman Chirayu Isarangkul Na Ayudhya.
But any talks would come only after TMB completed its ongoing takeover of DBS Thai Danu Bank and the Industrial Finance Corp of Thailand.
"The Finance Ministry, as major shareholder of both [SCB and TMB], has proposed that the bank might consider talks for a merger," Mr Chirayu said.
Such a deal would create the country's largest bank. SCB currently ranks number four among local banks in terms of assets, at around 740 billion baht. TMB following the ...
- Thailand's Finance Ministry plans to sell stocks in two major government-run...
- Magazine article from: Business Asia September 1, 2003 700+ words
Thailand's Finance Ministry plans to sell stocks in two major government...million) in funds to buy new shares in Thai Military Bank (TMB), a local newspaper has reported...Shinawatra are among the shareholders of the military bank.
- Holders of 70 Percent of Thai Military Bank Stock Set to Buy New Shares.
- Newspaper article from: Knight Ridder/Tribune Business News August 21, 2003 700+ words
...News Aug. 21--The Finance Ministry has said major shareholders of Thai Military Bank (TMB) have committed...Sept 10 to 18. The Finance Ministry, which holds 49 percent...be taken up by the Finance Ministry, funded possibly...
- Thai Military Bank to Sell Bad Debts Before Raising New Funds.
- Newspaper article from: Knight Ridder/Tribune Business News April 9, 2003 700+ words
...Tribune Business News Apr. 9--Thai Military Bank is looking to sell up to 90 billion baht...bidders. The Bank of Thailand and the Finance Ministry have been working closely with Thai Military Bank over a planned recapitalisation programme...
- Company Interested in Investing in Thai Military Bank.
- Newspaper article from: Knight Ridder/Tribune Business News November 12, 2003 700+ words
...state-controlled Thai Military Bank. Sources said discussions...Singaporean bank and the Finance Ministry had taken place at a...effectively controlled by the Finance Ministry with a 49 percent stake...one possibility. "The Finance Ministry in principle supports ...
- Covered Warrants Dumped As Thailand Finance Ministry Says No to Extension.
- Newspaper article from: Knight Ridder/Tribune Business News January 9, 2002 700+ words
...financial institutions after the Finance Ministry informed the Stock Exchange of...30 this year and those of Thai Military Bank (TMB-C1) on May 19 next year...the announcement made by the Finance Ministry meant that after the warrants...
- Thai Military Bank Signs Huge Merger.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 9, 2004 700+ words
...share merger of Thai Military Bank, DBS Thai Danu and...Under the deal, Thai Military Bank will tender for all...68 percent. The Finance Ministry, which holds the...submitted to the Finance Ministry for approval by June...
- Siam Commercial Open to Merger Talks with Thai Military Bank.
- Newspaper article from: Knight Ridder/Tribune Business News March 3, 2004 700+ words
...potential merger with Thai Military Bank in the future, according...Corp of Thailand. "The Finance Ministry, as major shareholder...over 700 billion. The Finance Ministry is the largest shareholder...purchase shares from the Finance Ministry to raise its total to 25...
- Negotiations Involving Investment in Thai Military Bank Near Conclusion.
- Newspaper article from: Knight Ridder/Tribune Business News July 22, 2003 700+ words
...investment in Thai Military Bank (TMB) will be concluded...Shares of Thai Military Bank on the Stock Exchange...not possible, the Finance Ministry had a "back-up...capitalization, he said. The Finance Ministry currently holds a...