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ING reduces its stake in TMBThanachart Bank
ING today announced a reduction of its stake in TMBThanachart Bank (TTB) through a private placement of shares with institutional investors. Upon settlement, the transaction is expected to reduce our stake in TTB from 19.5% to 11.6%, excluding shares held in treasury by TTB.
Gross proceeds to ING from the transaction amount to approximately €475 million (based on current exchange rates). The transaction is expected to have a small positive impact on ING’s profit and loss account and CET1 ratio. Settlement of the transaction is expected on 21 August 2026.
The stake in TTB has its origin in our historical involvement in TMB Bank, which in 2019 announced a merger with Thanachart Bank to form TTB. The transaction announced today reflects our ongoing active capital management and disciplined approach to optimising our investment portfolio.
BofA Securities and J.P. Morgan are acting as Placing Agents. ING Corporate Finance Asia is acting as Financial Advisor to ING Group.
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