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ING Sells 7.9% Stake in TMBThanachart Bank for About 18 Billion Baht

TMBThanachart Bank (ttb) logoTMBThanachart Bank (ttb)
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Kasikornbank logoKasikornbank
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ING Bank N.V. sold a 7.9% stake in TMBThanachart Bank, a transaction worth about 18 billion baht, cutting its holding from 19.5% to 11.6%. The bank says the sale should not change ttb’s management or strategy, though it may affect long-term holding. Ttb plans to expand investment and insurance products, emphasizing fee-driven wealth management to grow without proportional cost increases.

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