It commenced operations on 22 April 2002 with Thanachart Capital PCL (TCAP) as its parent company.

[2] It was granted a full commercial banking license by the Ministry of Finance on 1 March 2004.

In July 2011 Scotiabank transferred all of its Thanachart Bank shareholdings to Scotia Netherlands Holdings B.V. As of 31 December 2014, TBank was 50.96 percent owned by TCAP and 48.99 percent owned by Scotia Netherlands Holdings.

[8] For the year ending 31 December 2014, Thanachart reported total assets of 1,008,890 million baht.

[3]: 2  At the end of 2014 the bank had 617 branches, 51 foreign exchange booths, 14,806 employees[3]: 3 , and 2,100 ATMs.