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Thailand: TMB Bank expects recapitalization plan to be ready in March.
(From Thai Press Reports)
Section: Corporate News - TMB Bank expects to complete its capital-increase plans by next month, according to CEO Subhak Siwaraksa, the Bangkok Post reports.
Dr Subhak added that Singapore's DBS Bank, the second-largest shareholder in TMB after the Finance Ministry, was welcome to increase its shareholdings.
"We want our shareholder, DBS, to play a higher role in the bank such as IT or risk management," he said, adding that at the current holding of 16%, DBS was unable to consolidate its investment as part of revenue.
Dr Subhak declined to offer details on the capital increase or how new shares would be allocated, …
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