TTB Strength Persists as ING Bank N.V. Reduces Stake

MGR Online•Economy•5d ago

Reader Briefing

ING Bank N.V. reduced its shareholding in TTB through a Big Lot transaction worth approximately 18.1 billion baht.

•ING Bank N.V. decreased its TTB stake from 19.5% to 11.6% on August 19, 2026.
•The transaction involved 6,890 million TTB shares at an average price of 2.64 baht per share.
•TTB reported 1H69 net profits of approximately 10,683 million baht with a coverage ratio of 157%.
•Tunj Thanakhat Public Company Limited (TCAP) remains the largest shareholder of TTB at 24.37%.

•ING Bank N.V. conducted an Overnight Private Placement and a Big Lot sale of TTB shares on August 19, 2026.
•ING Bank N.V. stated the sale was a proactive capital management strategy to reallocate its investment portfolio toward core European markets and high-yield Wealth Management.
•The transaction increased TTB's free float from 35.68% to 43.58%, enhancing long-term liquidity.
•TTB clarified to the Stock Exchange of Thailand that the deal was a shareholder's decision and does not affect the bank's operations or core strategy.
•TTB's 1H69 performance showed an NPL ratio of 2.93%, which is below the full-year target ceiling of 3.2%.
•TTB maintains a share buyback program with a remaining budget of approximately 14 billion baht and a dividend yield of 5-6% per year.
•ING Bank N.V. is subject to a 90-day lock-up period for its remaining 11.6% stake in TTB.
•Krungsri Securities views the Big Lot transaction as unlocking long-term price pressure, setting a target price of 3.50 baht for TTB.

Full article content is available on the original source.

TMBThanachart Bank(ธนาคารทหารไทยธนชาต)ℹ️

A bank referred to as TTB that reported net profits of 10,683 million baht in 1H69.

ING Bank N.V.

A leading financial institution from the Netherlands and a G-SIB that reduced its stake in TTB.

Tunj Thanakhat Public Company Limited(บริษัท ทุนธนชาต จำกัด (มหาชน))

The largest shareholder of TTB with a 24.37% stake, referred to as TCAP.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The second largest shareholder of TTB with an 11.65% stake.

Thai NVDR Company Limited(บริษัท ไทยเอ็นวีดีอาร์ จำกัด)

The fifth largest shareholder of TTB with a 5.68% stake.

Vayupak Fund 1(กองทุนรวม วายุภักษ์หนึ่ง)

A shareholder of TTB with a 3.59% stake.

Krungsri Securities(บล.กรุงศรี)

A securities firm that set a target price of 3.50 baht for TTB.

Asia Plus Securities(บล.เอเซีย พลัส)

A securities firm referred to as ASPS that gave a 'Hold' recommendation for TTB with a target price of 3.20 baht.

ING Groupℹ️

A global financial institution with total assets exceeding 1.3 trillion euros.

Stock Exchange of Thailand(ตลาดหลักทรัพย์ฯ)ℹ️

The entity to which TTB provided clarifications regarding the share sale.

Netherlands(เนเธอร์แลนด์)ℹ️

The home country of ING Bank N.V.

Amsterdam(อัมสเตอร์ดัม)ℹ️

The location of the ING Group headquarters.