BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise - S&P Global Ratings’ Credit Research

BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise

BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise - S&P Global Ratings’ Credit Research
BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise
Published Jan 30, 2004
478 words — Published Jan 30, 2004
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Abstract:

SINGAPORE (Standard&Poor's) Jan. 30, 2004--Standard&Poor's Ratings Services said today that the recent announcement by DBS Bank Ltd. (DBS Bank; A+/Stable/A-1) to merge its 51.7% Thai subsidiary, DBS Thai Danu Bank (DTDB) with Thai Military Bank Public Co. Ltd. (TMB; Bpi) is likely to have a positive influence on TMB's franchise. Standard&Poor's had affirmed the ratings on DBS Bank (A+/Stable/A-1) on Jan. 29, 2004, after the announcement. The proposed merger is subject to approvals from the relevant local authorities as well as shareholders of TMB and DTDB. However, upon the merger completion, the combined TMB-DTDB entity (with an estimated asset size of Thai baht [THB] 486 billion [US$12.4 billion]) is expected to emerge as the

  
Brief Excerpt:

RESEARCH BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise Publication date: 30-Jan-2004 SINGAPORE (Standard & Poor's) Jan. 30, 2004--Standard & Poor's Ratings Services said today that the recent announcement...

  
Report Type:

Bulletin

Ticker
1471Z@SP
Issuer
DBS Bank Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Singapore
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise" Jan 30, 2004. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Singapore-s-DBS-Thai-Unit-Merger-Likely-to-Be-Positive-for-TMB-s-Franchise-356924>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: Singapore's DBS Thai Unit Merger Likely to Be Positive for TMB's Franchise Jan 30, 2004. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Singapore-s-DBS-Thai-Unit-Merger-Likely-to-Be-Positive-for-TMB-s-Franchise-356924>
  
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