Thai Credit Bank Subscription for CREDIT IPO shares closed. World-class institutional investors are confident.
Thai Credit Bank Closing of subscription for IPO shares "CREDIT", pleased with the good response. Institutional investors, both domestic and international, have shown interest and subscribed for up to 87% of the IPO shares offered for sale and are preparing to trade on the Stock Exchange of Thailand for the first day on February 9th.
Mr. Vinyu Chaiyawan, Chief Executive Officer of Thai Credit Bank Public Company Limited, stated that following the closure of the institutional investor subscription period from January 31, 2567 to February 2, 2567, Thai Credit Bank would like to thank both retail and institutional investors for their confidence, which resulted in the outstanding success of its Initial Public Offering (IPO).
Reflects strong fundamentals To be a commercial bank with the ability to create stable operating results. and has high growth compared to commercial banks in the industry and the potential for leaps and bounds expansion of the loan portfolio Under strict risk management Reflected in the cost to income ratio (Cost to Income Ratio), the lowest in the industry.
Even in the volatile economic and investment situation Thai Credit Bank Received a response from institutional investors who subscribed for approximately 87% of IPO shares and allocated approximately 13% to retail investors, with a total offering value of approximately 7,369.60 million baht at an offering price of 29.00 baht per share. IPO of commercial banks in the last 10 years listed on the Stock Exchange of Thailand
Another success story is the confidence from six institutional cornerstone investors, both in Thailand and abroad, including the International Finance Corporation (IFC), a member of the World Bank Group (“The World Bank Group” or “WBG”), the Asian Development Bank, and E.SUN Commercial Bank, Ltd., one of the largest private banks headquartered in Taiwan.
This group of world-class institutions sees the vision and business practices of Thai Credit Bank that focus on creating sustainability for society. has agreed to buy common shares of the bank and existing shareholders offering a total of approximately no more than 140,352,490 shares, representing approximately 55% of the total number of IPO shares.
By Thai Credit Bank Offering of additional common shares issued and offered for sale by the Bank. and common shares offered for sale by existing shareholders in the amount of 254,124,200 shares with a par value of 5.00 baht/share, representing not more than 20.7% of the total number of issued and paid common shares of the Bank after the IPO.
For the money received from fundraising Thai Credit Bank will use it to expand its loan portfolio. and create sustainable growth Reinforcing a unique business model It is the only commercial bank in Thailand that focuses on providing loan services to small entrepreneurs. and entrepreneurs who do not have access to credit in the system (Underserved) is a bank that depends on the community and is a bank for sustainability (Sustainable Banking). It is expected that CREDIT shares will be able to be listed for trading on the Stock Exchange of Thailand for the first time on February 9, 2567.
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