Mitihoon – Earlier in January 2025, TMBThanachart Bank Public Company Limited, or TMBThanachart (ttb), announced a 3-year share repurchase program (2025–2027) with a total budget of THB 21,000 million. This initiative is part of its capital management plan to enhance shareholder value by optimizing the structure and size of its balance sheet. The Bank has already completed the first round of buybacks between February 3, 2025 and August 1, 2025, repurchasing 2,688 million shares, equivalent to 2.76% of total paid-up shares or a total buyback value of THB 5,103 million.
Mr. Piti Tantakasem, Chief Executive Officer of TMBThanachart, shared the latest progress on the share buyback program, stating: “Overall, ttb’s share repurchase initiative has made positive progress. Moreover, the program has benefited from the Ministry of Commerce’s amendment to share buyback regulations, particularly the removal of the Breaking Period. This regulatory change allows listed companies to initiate a new round of buyback immediately, without the 6-month waiting period after completing the prior program.
Following this regulatory unlock, the Bank has accelerated the timeline for its second round of share buyback and increased the budget to THB 8,900 million. The buyback will be conducted through a General Offer method from January 22, 2026 to February 4, 2026, covering 10 business days. The final repurchase price will be announced to shareholders by January 5, 2026. The price will be determined based on the market price and market conditions during that period. This second-round buyback plan was already approved by the Bank’s Board of Directors on December 16, 2025.
Notably, for this second round, the Bank has adopted a different approach from the first program. Instead of using automatic matching through the Stock Exchange of Thailand’s trading system, taking 6-month period, the Bank will use the General Offer method. This approach allows the Bank to repurchase shares with a higher budget in a shorter timeframe, without disrupting daily trading or market liquidity and helps reduce the impact of market volatility. The Bank remains committed to completing the total buyback amount of THB 21,000 million and emphasizes efficient program management with shareholders’ best interests as key consideration.
As a benefit to shareholders after the share repurchase, the return on equity (ROE) and earnings per share (EPS) are expected to improve, driven by the reduction in equity value and the decrease in the number of shares traded in the stock market. This compares to the current level of ROE at 8.6% and EPS at 0.16 baht for the first 9 months of 2025. The Bank also projects that the buyback will have no impact on its capital adequacy. The total capital adequacy ratio (Total CAR) after the buyback is expected to remain above 19%, a level comparable to other D-SIBs (Domestic Systemically Important Banks) and sufficient to support loan growth in line with the business plan.”
Mr. Piti Tantakasem concluded “Apart from the share repurchase program, ttb continues to execute its capital management plan through other initiatives, including maintaining consistent dividend payments and sustaining a high payout ratio, as well as pursuing inorganic growth opportunities to enhance shareholder value both in the short and long term. At the same time, the Bank emphasizes prudent business operations to ensure stable growth and deliver sustainable benefits to all stakeholders.”
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