TMB-TBank full fusion on track for July
Searching for new income sources
TMB-Thanachart Bank (TMB-TBank) expects to complete the integration of the two financial entities by July this year, offering employees an early retirement (ER) package with a maximum compensation of 17 months.
The auto loan portfolio, the core business of TBank, is in the process of transferring to TMB-TBank following the crossover of TBank’s credit card loan portfolio, said Piti Tantakasem, chief executive of TMB-TBank.
The bank is also integrating TBank’s mobile banking app, Thanachart Connect, and TMB’s electronic deposit service, ME by TMB, to TMB Touch digital banking platform, a single integrated app, said Mr Piti.
TMB plans to submit its proposal at its shareholders meeting in April to rename the equity abbreviation on the Stock…
