TTB Announces Fifth Share Buyback Program to Accelerate Completion of 35 Billion Baht Target

Key summary

Thai Bank for Agriculture and Commercial (TTB) has launched its fifth share buyback program with a budget of approximately 14,000 million baht via a general offer. The purchase period runs from May 16 to May 27, 2026 (10 trading days), with an initial price range of 2.49–2.63 baht per share. This initiative aims to complete the total cumulative buyback target of 35,000 million baht ahead of the original 2071 deadline. Previously, TTB had completed four buybacks totaling approximately 21,000 million baht (10,038 million shares or 10.29% of issued shares). The bank maintains strong liquidity and expects its Capital Adequacy Ratio (CAR) to remain above 19% after the program, well above the Bank of Thailand's minimum requirement of 12%. The interim dividend for H1 2026 was set at 0.081 baht per share, a 23% increase from the prior year, supported by a payout ratio adjustment from 60% to 65% and the reduction in shares eligible for dividends.