Krung Thai Bank

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Krung Thai Bank PLC
Traded as SETKTB
Industry Banking
Founded March 14, 1966 (1966-03-14) [1]
Headquarters 35 Sukhumvit Road, Khlong Toei Nuea, Wattana, Bangkok, Thailand [2]
Area served
Revenue Increase BT฿ 132.53 billion (2013) [3]
Increase BT฿ 33.93 billion (2013) [3]
Total assets Increase BT฿ 2,514.77 billion (2013) [3]
Total equity Increase BT฿ 206.09 billion (2013) [3]
Owner Bank of Thailand
Number of employees
18,032 (2010) [3]

Krung Thai Bank Public Company Limited is the state-owned bank under the license issued by the Ministry of Finance.


The bank was incorporated on March 14, 1966 through the merger of Agriculture Bank Limited and Mondhon Bank Limited, of which the Thai government was their major shareholder.[1] The merged banks were then named ‘Krungthai Bank Limited’, bearing its logo as an image of the Vayupaksa Bird, which is also used by the Ministry of Finance. KTC's head office was originally located on Yawaraj Road.

Krungthai Bank thus became a large bank after the merger and conducted banking business with good performance and sound financial standing as well as a wider range of services over time. As a result, the existing head office was not spacious enough for the expanding operation and in 1982, the Bank relocated its head office to No.35 Sukhumvit Road, Watthana District, Bangkok where it remains to date.

The bank has succeeded well in business operation and enjoyed stable and rapid growth while making improvements and broadening its organization to better respond to customer needs. In 1988, Krungthai bank was the only commercial bank having a network of branches and ATMs in all provinces nationwide.

Krungthai Bank was the first state enterprise that listed its shares on the Stock Exchange of Thailand on August 2, 1989.[4] Its major shareholder is currently the Ministry of Finance through a shareholding of 6,184 billion shares by the Financial Institutions Development Fund (FIDF) accounting for 55.31% of the total shares.

Apart from conducting commercial banking business like other commercial banks, in general Krungthai Bank has served as the government’s channel to render financial services in response to the government policies through lending to businesses of certain types, such as, One-Tambon-One-Product (OTOP) loan, ICT Computer loan, Education loan. Moreover, the Bank is a leading choice for most government agencies, for example, the Revenue Department, refunding tax by Krungthai Cheque and disbursement of government budgets including payment of pensions to pensioners.

During Thailands economic crisis, the Bank supported the government policy of stimulating the national economy by providing the “Thai Khem Kheng Stimulus Package 2012” to boost Thailands entrepreneurs’ liquidity.

The bank's office hours are different from other commercial banks which are adjusted to suit the economic environment and commercial operations. However, Krungthai bank's office hours are more in line with working hours of state enterprises and government agencies. Currently, the bank is open until 4.30 pm (16:30) while other banks close before that time.

Financial business group of companies[edit]

Credit-related business

  • KTB Leasing Company Limited (เคทีบี ลิซซิ่ง)
  • Krungthai card Public Company Limited (KTC)
  • Krungthai IBJ Leasing Company Limited

Capital market and financial advisory business

  • KT ZMICO Securities Company Limited
  • Krungthai Asset Management Public Company Limited (KTAM)
  • KTB Advisory Company Limited (KTBA)

Insurance business

  • Krungthai –AXA Life insurance Company Limited
  • Krungthai Panich Insurance Company Limited (KPI)

Supporting business

  • Krungthai Computer Services Company Limited (KCS)
  • Krungthai General Services Company Limited (KGS)
  • Krungthai Legal Services Company Limited (KLS)

Krungthai Bank's status of founder or shareholder of its subsidiaries companies is considered as state enterprise business in general but in the form of subsidiaries of a state enterprise.

Transferred banks and business transfer After the Thai government's majority shareholding, the two bank below had their former name as follows:

  • Agriculture Bank Company Limited, established in 1950
  • Mondhon Bank Company Limited, established in 1942, formerly named Thai Bank Limited

These two banks were merged into Krungthai Bank Limited under the Royal Thai Government policy on March 14, 1966.

Other bank's businesses transferred to Krungthai Bank

  • Sayam Bank Company Limited, formerly named was Asia Trust Bank Limited, founded in 1965 with its name changed in 1984. It transferred the business on August 17, 1987, certain part of which became Thippayasin Co. Ltd. to oversee debtors of Sayam Bank Limited.
  • Bangkok Bank of Commerce Public Company Limited ceased operation in 1998. In this year, Krungthai Bank accepted the transfer of only quality assets, liabilities, and budgets form BBC.
  • First Bangkok City Bank Public Company Limited (FBCB) transferred its business to KTB on November 2, 1998.

Krungthai Bank as transferrer of business to other bank

  • Krungthai Bank's financial service under Shariah principle, also known as Krungthai Shariah Bank is the financial service in accordance with the Islamic principle. The service managed the service itself and transferred it on November 9, 2005 to the Islamic Bank of Thailand.


  1. ^ a b Krung Thai Bank (2011). 2010 Annual Report. Retrieved 17 November 2011. 
  2. ^ Krung Thai Bank. "Contact us". Retrieved 17 November 2011. 
  3. ^ a b c d e Financial Statement Yearly 2013
  4. ^ Stock Exchange of Thailand. "Company Summary". Retrieved 17 November 2011.