Thai lenders TMB, Thanachart approve $4.6b merger deal

Photo: Thanachart Bank

Thailand’s TMB Bank, Thanachart Capital (TCAP) and Scotia Netherlands Holding (BNS) have approved the $4.6-billion merger of TMB Bank and Thanachart Bank (TBANK).

Following the merger, TBANK will have total assets of about 1.9 trillion baht and approximately 10 million retail customers. It will become the sixth largest lender in Thailand.

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