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 Krung Thai Bank
 

 

Establish
 Krung Thai Bank Public Company Limited began its operation on 14 March 1966 through the merger of business between the Agricultural Bank Limited and the Provincial Bank Limited with the Ministry of Finance as its major shareholder. The bank was then namedKrung Thai Bank Limited and enjoyed the juristic person status of a state enterprise, attached to the Ministry of Finance. "Wayupak bird", the official seal of the Ministry of Finance was thus adopted as the bank's logo. In the early stage of founding the bank had Bt 4,442.2 million in deposits, Bt 4,582.1 million in worth of assets, Bt 105 million in registered capital, 81 branches and 1,247 personnel.
 


 
  The Progress of Bank's operation The headquarter was located on Yawaraj Road in Bangkok Later the bank's operation expanded more and more resulting in its relocation of the head office to No 35, Sukhumvit Road, Bangkok on 26 November 1982. This venue has been used as the Bank's head office until present. In 1982, it was the first to open a foreign branch at New York, in an attempt to expand the international business network in response to customer demands. In March 1987, the bank was entrusted by the Government to administer the "4 April Project" in succession of the Bank of Thailand with the purpose to solve financial problems - experienced by some Thai financial institutions. Later on 17 August 1987, the administration of the assets and liabilities of the Sayam Bank Limited were transferred to Krung Thai Bank Limited in accordance with the policy of the Ministry of Finance as a result of financial problems encountering the Sayam Bank Limited. As of 1988, the bank was the only commercial bank with 288 branches operating in all provinces of Thailand while emphasizing on the opening of new branches in the outer perimeters where the economy expanded. And also in June 1988, the bank was regarded as the first commercial bank that could install the ATMs in all 73 provinces nationwide.

Later on 26 June 1989, the bank's shares were introduced into the Stock Exchange of Thailand. It was thus regarded as the first state enterprise listed on the stock exchange for trading of its shares. Since 2 August 1989, the bank's shares have been traded on the stock exchange.

On 24 March 1994, the bank was registered to become a public limited company, called in English as "Krung Thai Bank Public Company Limited."


On 24 March 1994, the bank was registered to become a public limited company, called in English as "Krung Thai Bank Public Company Limited."

 

On 1 October 1995, the bank was granted the status of "Group 1 State Enterprise", aiming for quality services to its customers comparable with other leading commercial banks in Thailand.

At the end of 1996, The Krung Thai Bank PCL.'s largest shareholders were still from the public sector with the Ministry of Finance holding 30.80 percent, the Financial Institutions Development Fund 29.97 percent, and the remainder hold by legal entities, individuals and the Crown Property Bureau at 35.70, 3.26 and 0.97 percent respectively.

Currently the bank is operating 640 domestic and 6 foreign branches and representative offices. It pursues the key policies focusing on valued services to the clients, quality credit extension, efficient budget management, and good quality of life for its employees.

Today, Krung Thai Bank PCL. does not only the Bank provide financial assistance to many businesses, large and small, it also renders financial assistance to other state enterprises, both business oriented and public utility types. As the government's only commercial bank, Krung Thai Bank pays the benefits reaped from its business transactions to the government in the form of taxes, but it also pays dividends to the Ministry of Finance, and engages in many aspects of social, educational and religious life.

Head Office
 

Krung Thai Bank PCL
35 Sukhumvit Rd., Klong Toey Nua Subdistrict, Wattana District,
Bangkok 10110 Tel.: +66 (0) -2255-2222 Fax: +66 (0) -2255-9391-3
Krung Thai Phone : 1551 SWIFT code: KRTHTHBK
Cable code: KRUNGTHAI BANGKOK
Website : http://www.ktb.co.th

 
 

 

 

 
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