TMB doubles in size in 2019 after consolidation with TBANKImprovement in asset quality and financial position affirms the bank’s readiness for 2020 in terms of IFRS 9 implementation and merger roadmapTMB Bank Public Company Limited and its subsidiaries (TMB) announced today its 2019 financial results. After completion of TBANK’s share purchase transaction on 3 December 2019, the bank’s consolidated financial statement includes TBANK’s financial performance as one of its subsidiaries. TMB’s consolidated balance sheet combines TBANK’s ending 31 December 2019 performance while the consolidated profit and loss statement only includes financial results during 4-31 December 2019. At year-end 2019, TMB reported total assets on a consolidated basis of THB 1.9 trillion, doubling from THB 0.9 trillion as at year-end 2018. After provision and tax, TMB reported 2019 net profit of THB 7,222 million, down from THB 11,601 million in the previous year.

Source: Bangkok Post January 24, 2020 10:30 UTC