Establish
Krung Thai Bank Public Company Limited began
its operation on 14 March 1966 through the merger of
business between the Agricultural Bank Limited and the
Provincial Bank Limited with the Ministry of Finance as
its major shareholder. The bank was then namedKrung
Thai Bank Limited and enjoyed the juristic person
status of a state enterprise, attached to the Ministry
of Finance.
"Wayupak
bird",
the official seal of the Ministry of Finance was thus
adopted as the bank's logo. In the early stage of
founding the bank had Bt 4,442.2 million in deposits, Bt
4,582.1 million in worth of assets, Bt 105 million in
registered capital, 81 branches and 1,247 personnel.
The Progress of Bank's
operation
The headquarter was
located on Yawaraj Road in Bangkok Later the bank's
operation expanded more and more resulting in its
relocation of the head office to No 35, Sukhumvit Road,
Bangkok on 26 November 1982. This venue has been used as
the Bank's head office until present. In 1982, it was
the first to open a foreign branch at New York, in an
attempt to expand the international business network in
response to customer demands. In March 1987, the bank
was entrusted by the Government to administer the "4
April Project" in succession of the Bank of Thailand
with the purpose to solve financial problems -
experienced by some Thai financial institutions. Later
on 17 August 1987, the administration of the assets and
liabilities of the Sayam Bank Limited were transferred
to Krung Thai Bank Limited in accordance with the policy
of the Ministry of Finance as a result of financial
problems encountering the Sayam Bank Limited. As of
1988, the bank was the only commercial bank with 288
branches operating in all provinces of Thailand while
emphasizing on the opening of new branches in the outer
perimeters where the economy expanded. And also in June
1988, the bank was regarded as the first commercial bank
that could install the ATMs in all 73 provinces
nationwide.
Later on 26 June 1989, the bank's shares were introduced
into the Stock Exchange of Thailand. It was thus
regarded as the first state enterprise listed on the
stock exchange for trading of its shares. Since 2 August
1989, the bank's shares have been traded on the stock
exchange.
On 24 March 1994, the bank was registered to become a
public limited company, called in English as
"Krung Thai Bank Public
Company Limited."
On 24 March 1994, the bank was registered to become a
public limited company, called in English as
"Krung Thai Bank Public
Company Limited."
On 1 October 1995, the bank was
granted the status of "Group 1
State Enterprise",
aiming for quality services to its customers comparable
with other leading commercial banks in Thailand.
At the end of 1996, The
Krung Thai Bank PCL.'s largest shareholders were still
from the public sector with the Ministry of Finance
holding 30.80 percent, the Financial Institutions
Development Fund 29.97 percent, and the remainder hold
by legal entities, individuals and the Crown Property
Bureau at 35.70, 3.26 and 0.97 percent respectively.
Currently the bank is
operating 640 domestic and 6 foreign branches and
representative offices. It pursues the key policies
focusing on valued services to the clients, quality
credit extension, efficient budget management, and good
quality of life for its employees.
Today, Krung Thai Bank
PCL. does not only the Bank provide financial assistance
to many businesses, large and small, it also renders
financial assistance to other state enterprises, both
business oriented and public utility types. As the
government's only commercial bank, Krung Thai Bank pays
the benefits reaped from its business transactions to
the government in the form of taxes, but it also pays
dividends to the Ministry of Finance, and engages in
many aspects of social, educational and religious life.