TTB Denies Merger Rumors with Krungthai Bank, Confirms No Merger Plans for Next 5 Years
Thai Military Bank denied merger rumors with Krungthai Bank, confirming no plans to combine with any bank over the next five years despite recent speculation.
Thai Military Bank (TTB) has issued a clarification to the Stock Exchange of Thailand regarding merger rumors with Krungthai Bank, definitively stating it has no plans to merge with any bank in the next five years. TTB submitted an official letter to the Stock Exchange addressing recent news reports and social media content speculating about a possible merger between Thai Military Bank Public Company Limited and Krungthai Bank Public Company Limited. The bank formally stated that it is not engaged in any merger process and has no plans for merger with any other financial institution within its five-year strategic plan. TTB emphasized its commitment to its core mission of "Make REAL Change"—creating meaningful transformation to improve customers' financial lives through ecosystem-based growth strategies and prudent business operations aligned with responsible and fair lending principles. The bank is proceeding with comprehensive organizational transformation to strengthen competitive capabilities and create long-term value for the organization and sustainable returns for shareholders.
