TMB Bank successfully raises THB 37.60 billion in new capital

ข่าวทั่วไป Friday December 28, 2007 16:57 —PRESS RELEASE LOCAL

Bangkok--28 Dec--TMB Bank TMB Bank Public Company Limited announced today the successful completion of its THB 37.60 billion capital raising exercise. Following the completion of the capital raising, the Ministry of Finance’s holding in TMB shall be 26.1%, ING Bank N.V. (Netherlands) 25.2%, and DBS Bank 6.8%. At completion, TMB Board of Directors will also be restructured, with three ING representatives joining the new TMB Board. Mr. Somchainuk Engtrakul, Chairman of TMB Bank, said, “We are pleased to announce the successful completion of TMB’s capital increase and would like to extend a warm welcome to ING Bank N.V. (Netherlands) as our strategic partner. With this capital raising, TMB’s capital position will be significantly enhanced with capital adequacy ratio in line with its leading peer banks”

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