Krung Thai Bank
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Krung Thai Bank Public Company Limited (KTB, ธนาคารกรุงไทย, 鷹泰銀行) is the second-largest bank in Thailand. The company holds assets worth approximately US$28 billion and maintains a branch network of over 500 domestic branches and 12 international locations, including Tokyo, Hong Kong, and Taipei. Headquarters are located in the Watthana district of Bangkok.
Krung Thai Bank was established by the Thai government in 1966 by the merger of Agricultural Bank and Provincial Bank, with the Finance Ministry as the major shareholder. In 1987 another bank, Siam Bank, was dissolved and its assets transferred to Krung Thai Bank. In 1989, the company's shares were listed on the Stock Exchange of Thailand for the first time. As of April 2005, the bank's largest shareholder is the Thai Financial Institutions Development Fund (FIDF), which holds 56 percent of all shares. Since the FIDF is controlled by the Ministry of Finance and the Bank of Thailand, Krung Thai Bank effectively remains under state control.
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