Making a difference
TMB Bank CEO engineered a turnaround after decades in the red by revoking traditional conditions on financial products.
- Published: 11 Feb 2013 at 00.00
- Newspaper section: Business
The former Thai Military Bank struggled under a mountain of loan defaults, bad debt and operating losses for decades. But nowadays, as TMB Bank, it has proven achievements by growing in different ways under the leadership of chief executive Boontuck Wungcharoen.
Once innovative deposit products become more popular, the traditional products may even disappear, says Mr Boontuck. PORNPROM SATRABHAYA
Last year, TMB returned a record-high operating profit before provisions of 10.5 billion baht.
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