Sepo director-general says the Finance Ministry may inject capital in TMB if the deal occursTourists walk past a TMB branch in Siam Square area. PATIPAT JANTHONGTalks of a potential merger between TMB Bank and Thanachart Bank (TBank), including the possibility that the Finance Ministry will inject fresh funds to maintain its shareholding in TMB, are expected to be concluded by the end of January. A proposal for the Finance Ministry to inject fresh capital in TMB is among crucial topics in the merger talks, he said. TMB would reportedly recapitalise to facilitate the merger deal with TBank, with Dutch bank ING owning more than 20% but not exceeding 25%, while TBank and the Finance Ministry would hold 20% and less than 20%, respectively. The Finance Ministry is the largest shareholder in TMB, with a 25.9% stake, while ING has a 25% stake.

Source: Bangkok Post December 27, 2018 23:37 UTC