Krung Thai Bank Public Company Limited

Bangkok, Thailand

Krungthai Bank is one of the largest banks in Thailand, offering a comprehensive range of financial services including retail banking, corporate banking, and digital banking. With an extensive network of branches and ATMs across the country, the bank plays a vital role in Thailand's financial landscape.

CCI Score

33.75

-0.01% April 18

Latest Event

KTB-TTB Merger to Form Thailand’s 'Super Bank'

The merger talks between state-owned Krungthai Bank and TMB Thanachart Bank are set to create a super bank that could consolidate significant economic and political influence in Thailand, raising concerns about the potential for regulatory capture and politicization of banking operations.

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DISSENTER

Krung Thai Bank Public Company Limited is currently rated as a Dissenter.

+25 to +44 CCI Score

These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

MAR

21

2025

KTB-TTB Merger to Form Thailand’s 'Super Bank'
-27.78

The merger talks between state-owned Krungthai Bank and TMB Thanachart Bank are set to create a super bank that could consolidate significant economic and political influence in Thailand, raising concerns about the potential for regulatory capture and politicization of banking operations.
-20

Public and Political Behavior

March 21

The merger involves a state-owned bank with significant governmental ties, as indicated by the Finance Ministry being the largest shareholder. This raises concerns about the politicization of the bank's operations and the potential use of financial power to support authoritarian policies, thereby negatively impacting public and political behavior.

KTB-TTB merger set to form Thailand’s ‘Super Bank’
-40

Economic and Structural Influence

March 21

The merger is expected to form a 'Super Bank' with a massive consolidation of assets, which could lead to increased economic dominance and regulatory capture. This consolidation of financial power in a single institution may be exploited to support policies that favor authoritarian control over regulatory mechanisms.

KTB-TTB merger set to form Thailand’s ‘Super Bank’
MAR

21

2025

KTB-TTB Merger Raises Concerns Over Consolidated State Influence
-16.87

The merger between state-owned Krungthai Bank and TMB-turned TTB to form a 'Super Bank' consolidates significant financial power in Thailand. Given KTB's government ties and TTB's military origins, critics argue that the consolidation could enable increased political interference and regulatory capture, potentially bolstering authoritarian practices.
-15

Public and Political Behavior

March 21

Krungthai Bank’s state ownership means its merger with a military-linked bank could deepen the institution's involvement in political affairs. This association raises concerns that the bank may be used as a tool for state or authoritarian objectives, reflecting a negative public and political behavior score.
-20

Economic and Structural Influence

March 21

The merger creates a financial giant with extensive assets, consolidating market power and potentially facilitating regulatory capture. This economic and structural influence may undermine checks and balances and favor policies that support entrenched state interests and authoritarian control.

KTB-TTB merger set to form Thailand’s ‘Super Bank’
SEP

30

2023

Krungthai Bank Corporate Governance & ESG Policy Update
59.16

Krungthai Bank has reaffirmed its commitment to strong corporate governance, emphasizing transparency, ethical practices, and sustainable business operations as outlined in its updated ESG policy. The policy highlights limited political contributions and rigorous adherence to regulations, underscoring the bank's role as a responsible financial institution.
+60

Public and Political Behavior

March 21

The bank's governance report stresses transparency and accountability along with a clear stance against direct political contributions. While it participates in industry associations, its overall approach minimizes direct political entanglements, reflecting a moderately positive performance in Public and Political Behavior.

Corporate Governance - ESG Policy
+80

Business Practices and Ethical Responsibility

March 21

Krungthai Bank’s ESG policy outlines comprehensive measures for ethical business practices, including robust corporate governance, fair risk management, and sustainable growth. Its commitment to integrating ESG principles and maintaining high standards of accountability and transparency serves as a strong model for ethical responsibility.

Corporate Governance - ESG Policy
JAN

01

2023

Krung Thai Bank Human Rights and ESG Policy Implementation
73.51

Krung Thai Bank's ESG policy emphasizes respect for human rights, robust labor practices with full union representation, and extended due diligence in its supplier chain. The policy reflects the bank's commitment to ethical business practices that safeguard individual rights and oppose discriminatory or exploitative practices, contributing positively to the fight against fascism and authoritarianism.
+95

Labor Relations and Human Rights Practices

March 21

Krung Thai Bank demonstrates exemplary commitment to labor rights and human rights practices. The policy reports zero human rights violations, emphasizes equal treatment and strong support for labor unions, and follows international standards such as the UN Guiding Principles on Business and Human Rights. This robust framework shows a proactive stance against oppressive workplace practices and authoritarian exploitation.

Human Rights - ESG Policy
+90

Supply Chain Ethics

March 21

The bank extends its ethical commitment to its suppliers by implementing a Supplier Code of Conduct and rigorous evaluation criteria in employment contracts. This proactive human rights due diligence in the supply chain minimizes risks of forced or exploitative labor practices, though further transparency and reporting could enhance these measures even more.

Human Rights - ESG Policy
JUN

16

2020

Krungthai Bank's Response to Human Rights and Environmental Concerns in Laos
36.97

In response to criticisms from the OHCHR regarding a disputed event, Krungthai Bank issued a detailed reply acknowledging ambiguities in the claims. The bank emphasized its commitment to full compliance with Lao PDR laws by engaging independent third‐party consultants to conduct Technical and Environmental & Social Due Diligence (TESDD) and a social review (REDP). The measures, including an Ethnic People Plan, aimed to identify, prevent, and mitigate negative environmental and social impacts of the project, reflecting a moderate positive commitment to ethical business practices.
+60

Business Practices and Ethical Responsibility

March 21

Krungthai Bank demonstrated a commitment to ethical responsibility by responding constructively to human rights and environmental concerns raised by the OHCHR. The bank’s decision to engage independent experts for due diligence and its adherence to Lao PDR laws indicate proactive measures to mitigate potential social and environmental harms. However, the response was prompted by ambiguous and inconsistent claims, suggesting room for greater transparency.

Krungthai Bank's response to the OHCHR
JAN

01

2020

Krungthai Bank Reaffirms Commitment to Ethical Governance and Political Neutrality
77.50

Krungthai Bank's ESG policy emphasizes strict non-contribution to political parties and advocates for transparent, accountable corporate governance, reinforcing ethical business practices and political neutrality.