ING Bank’s ttb share sale will not affect management as it remains major shareholder with 17.5% stake
ttb has completed 21 billion baht in share buybacks across four programmes, while ING Bank’s partial share sale will not affect the bank’s management
TMBThanachart Bank Plc, or ttb, has completed its fourth share buyback programme in full, purchasing shares worth 9.245 billion baht under the latest round.
The bank reported the results of the fourth buyback on June 12. The programme ran from May 25 to June 9, 2026, through a general offer at 2.26 baht per share, with a maximum budget of 9.245 billion baht.
Piti Tantakasem, chief executive officer of ttb, said the bank had bought back shares from both retail shareholders and institutional investors, reaching 100% of the approved budget.
The completion of the fourth round means ttb has now achieved 21 billion baht in total share buybacks across its first four programmes, reaching the target one year ahead of schedule.
Piti said the result reflected the bank’s efficient management of the programme, which was designed to enhance shareholder returns amid economic and capital market volatility.
Key details of the fourth buyback include:
- Programme period: May 25 to June 9, 2026
- Method: General offer
- Buyback price: 2.26 baht per share
- Maximum budget: 9.245 billion baht
- Completion rate: 100% of the approved budget
- Total buybacks across four rounds: 21 billion baht
ttb said its capital position remained strong. Based on estimates after the 21-billion-baht share buyback and the annual dividend payment for 2025 made in May, the bank’s capital adequacy ratio, or CAR, remained high at around 19%.
The bank said this level was comparable with other domestic systemically important banks, or D-SIBs, and remained significantly above the Bank of Thailand’s minimum requirement of 12.0%.
ING Bank N.V., which had announced the sale of part of its shareholding back to ttb under the buyback programme. ING said the move was part of its capital and investment portfolio management strategy.
After the partial sale, ING continues to hold a significant stake of around 17.5% of ttb’s issued and paid-up shares and remains committed to its long-standing partnership with the Thai bank.
Piti said the change in ING’s shareholding would not affect ttb’s shareholder structure or management structure. ING remains among the bank’s major shareholders, alongside Thanachart Capital Plc and the Ministry of Finance.
He added that the bank’s business policy and strategic direction would also remain unchanged. ttb will continue pursuing its goals of helping improve the financial well-being of Thai people and generating sustainable returns for shareholders.
The bank remains committed to its wider 35-billion-baht share buyback plan over four years, covering the period from 2025 to 2028.
As ttb has carried out the buyback programme faster than originally planned, the bank said it now has more flexibility over the timing of the next round.
The bank will consider the most appropriate format and method for future buybacks, taking into account relevant factors and capital market conditions, to ensure that each programme delivers the greatest benefit to shareholders.
