1. Structure and Business Operations 1.1 Policy and Business Overview 1.1.1 The Bank’s vision, target and strategy Background TMB Bank Public Company Limited. (“TMB” or “the Bank”) was established on November 5, 1957 at Mansion 2, Rajdamnern Avenue, Bangkok. At that time, Field Marshal Saridi Dhanarajata was Chairman of the Board of Directors, Mr. Chote Guna-Kasem was the Bank’s President, and the Bank had a total workforce of 26. TMB’s initial registered capital was THB 10 million, divided into 100,000 shares, each with THB 100 par value. Most of the shareholders in the initial stage were military personnel both in-service and out-of-service. The year 1982 marked a milestone for the Bank as His Majesty King Bhumibol Adulyadej graciously bestowed the Royal Garuda Emblem to TMB and its registered capital had its first increase, from THB 10 million to THB 100 million. To expand the fund-raising capability, TMB was listed on the Stock Exchange of Thailand (SET) on December 23, 1983 and transformed into a public company limited in 1994. As of December 31, 2013, the Bank’s registered capital was THB 41,903,301,555 of which THB 41,426,006,153 was paid up and 43,606,322,266 from common stock with par value of THB 0.95 per share. Thai Military Bank Pcl., DBS Thai Danu Bank Pcl. and the Industrial Finance Corporation of Thailand legally merged to become TMB Bank Pcl. on September 1, 2004. This merger enabled the Bank to operate as a universal bank, with total assets of THB 673 billion as of December 31, 2004. In December 2007, TMB underwent a share capital increase of THB 37,622 million by forming a new business partnership with ING Group, a leading financial institution from The Netherlands. After recapitalization, the Ministry of Finance held 26.1% and ING Group held 25.2% of the entire issued and offered shares of the Bank. ING Group also held NVDRs (Non-Voting Depository Receipts) representing rights to TMB’s securities and/or ordinary shares for 4.92% of the entire issued and offered shares of the Bank. In December 2019, TMB merged with Thanachart Bank and the integration was completed in July 2021. After the merger, TMBThanachart is the sixth largest bank in Thailand in term of total assets, deposits and loans. The Bank has total assets of THB 1,759 billion, deposits of THB 1,339 billion and loan to customers of THB 1,372 billion as of December 31, 2021. The Bank’s vision and strategy in business operations for the next 5 years Aspiration: TMBThanachart helps people achieve better Financial Well-being The Bank has formulated 7 Strategic Intents and continued to deepen our relationship with customers through multiple products and life-long customer solution to engage our customers to become our main bank customers: 50 TMBThanachart Bank Public Company Limited
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