TMBThanachart Bank (ttb) has dismissed rumors of a merger with Krungthai Bank (KTB) that surfaced in local media.
In an internal memo sent on Friday, ttb’s CEO, Piti Tantakasem, reassured staff that the rumors are false. He highlighted that the bank is not engaged in merger discussions with KTB or any other financial institutions.
Mr. Piti clarified that the bank’s board of directors has neither considered nor directed management to explore a merger. He also confirmed that there are no merger plans within ttb’s five-year strategic roadmap.
“Currently, ttb’s primary mission is to ‘Make Real Change’ by delivering meaningful financial improvements for our more than 10 million customers. We are implementing this through our Ecosystem Play growth strategy, targeting customer segments where we excel,” the CEO remarked.
ttb is undergoing a significant organizational transformation aimed at enhancing capabilities, boosting competitiveness, and improving the overall financial experience for its customers. This transformation is designed to foster sustainable growth alongside customers, partners, and stakeholders, he added.
Mr. Piti also encouraged employees to work together to advance this mission.
