Buy term paper on TMB Bank Public Company Limited

Financial Sustainability and Societal Environment of TMB Bank Public Company Limited
Touching the sustainability question it would be obvious to note that TMB Bank Public Company Limited firmly keeps its position within the top three banks in contemporary Thai banking system. It goes without saying that such a characterization (especially in the times of world financial crisis) provides good opportunities for further sustainability perspectives in the local market.
The financial report of TMB Bank Public Company Limited dealing with the past year, perfectly characterizes the situation within the local area: “TMB Bank today reported a net profit of 688 million baht for the fourth quarter of 2009. This reflects a 30.9% increase over the third quarter of 2009, in which the Bank had a profit of 526 million baht. It is also a significant improvement when compared to the fourth quarter of 2008, when TMB experienced a net loss of 3,991 million baht. The fourth quarter of 2009 is also the first in which the Bank began booking a positive loan growth of 6,368 million baht, representing 1.8% quarter-on-quarter growth” (TMB Bank Public Company Limited, 2009). The specialists spoke about significant financial decay and problems, which were actually provided by the financial events in the whole world. The world financial crisis touched also Thailand and it is essential that Thai banking system was involved in the process too. The same time the leading specialists understand that the outer factors influencing financial sustainability could not prevent further development, showing that the decay was temporary factors. TMB Bank Public Company Limited reporting significant growth in the fourth quarter of 2009 also has a brilliant prognosis for further development in 2010 as well the whole Thai economy. It goes without saying that financial sustainability significantly depends on the area, where the bank is operating: “Recovery is underway. Exports continued to grow from previous month and sentiments improved. Low base from 2008 will give an extra boost to reports in this final quarter of 2009.

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Release figures will look increasingly attractive from this point forward. Two factors contribute to this phenomenon. First, the recovery is indisputable. Exports have grown on a month-on-month basis for the fourth consecutive months, reigniting the most important growth engine of Thai economy. Second, bases for growth calculations are low as the crisis completes its first year” (TMB Bank Public Company Limited, 2009).
It goes without saying that societal environment is one of the most significant factors of the efficient development. According to the provided information and mission of the bank (which speaks about individually oriented managerial strategies) there could be observed intension to provide positive societal environment. Understanding that developmental trends play in contemporary realities very significant role the bankers use each mean to provide effective corporate strategy. It goes without saying that developed programs for society (here it would be important to note that they actively participate in Corporate Social Responsibility) also make them more open and closely connected to the society. It is very important in the bank system as operating on the local level it is important to be responsible for the clients. TMB Bank Public Company Limited and its participation in Corporate Social Responsibility show that they are interested in every client and they seek for the development of mutual understanding and trust between the client and the bank: “Efficient and effective management together with good corporate governance are the keys to the Bank’s success, good reputation, and business competitive edge, and will help add value to the shareholders and maximize their benefit in the long run. In addition, all stakeholders which include shareholders, staff, customers, counterparts, creditors, investors, regulators, and the society as well as other concerned parties will become confident that as the Bank’s business is operated under transparency, accountability, integrity, and regulatory compliance, they themselves will be treated on a fairly and equitable basis as well” (TMB Bank Public Company Limited, 2009).