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Thai Military Bank Aims to Readjust Its Market Position.

Bangkok Post (Bangkok, Thailand)

| March 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 1--Subhak Siwaraksa leans forward in his chair, eyes thoughtful. "Where do I see this bank? I would like to see us among the top three within five years," he says quietly.

An ambitious plan perhaps, given that Thai Military Bank currently ranks just seventh in the financial sector in terms of assets and lags its larger peers in terms of share valuation.

"We might not be in the top three in terms of size. Market capitalisation and service quality is more important. Size isn't everything, it's how investors see us that's important," says the 47-year-old president of TMB.

Indeed, Mr Subhak says that in market capitalisation at least, the bank ...

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