THE HEADQUARTERS OF Thai Military Bank (TMB) just opposite Chatuchak Park in Bangkok give the impression that the institution has survived rather than thrived since its foundation in 1957. More reminiscent of a civil service department than one of the country’s mid-size banks, TMB’s offices are redolent of the legacy the bank’s management is so keen to shrug off.
Subhak Siwaraksa, TMB’s president and chief executive officer, emphasizes the changes that have already taken place.
“Twenty years ago the bank rose from the bottom to become the sixth-largest bank in Thailand,” he says.
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