ING reduces its stake in TMBThanachart Bank
Source: The Manila times
Published on: 2026-06-12 13:11
ING reduces its stake in TMBThanachart Bank ING today announced a partial reduction of its stake in TMBThanachart Bank (TTB), through the participation in TTB's most recent share buyback programme. The transaction reduces ING's stake (excl. Treasury shares) in TTB from 23.1% to 19.5%. Gross proceeds to ING from the transaction amount to approximately €243 million (based on current exchange rate). The transaction reflects ING's ongoing active capital management and disciplined approach to optimising its investment portfolio. ING remains a significant shareholder in TTB and continues to value its longstanding partnership with the bank. The transaction is not expected to have a material impact on ING's profit and loss account, shareholders' equity or capital ratios. Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email addre...
(Please login to view full article)Third-Party Content Disclaimer
Content displayed on this platform may include news articles, reports, and other materials aggregated from publicly available third-party sources through automated tools. Such content is not created, written, commissioned, or edited by Straits Interactive Pte Ltd or the Data Protection Excellence (DPEX) Network.
While we take reasonable steps to ensure responsible publication, we do not independently verify all third-party information and make no representations as to its accuracy, completeness, or reliability.
The views, findings, and statements expressed in third-party content belong solely to the original source and do not reflect the views of Straits Interactive Pte Ltd or the DPEX Network.
If you believe any content is inaccurate, infringing, or should be removed, please contact us at legal@straitsinteractive.com. We will review the matter and, where appropriate, take action in accordance with our internal policies.
Unlock these benefits
Get access to news, enforcement cases, events, and actionable tips and guides
Get regular email updates and offers
Job opportunities, mentorship and career guidance
Exclusive access to Data Protection community - ask questions, network and share knowledge with peers and experts via WhatsApp and Linkedin
DPEX Network is a Community Initiative of Straits Interactive.
Copyright © Straits Interactive Pte Ltd. All Rights Reserved.
All intellectual property rights to logos and brands featured on this website remain the property of their respective owners.