TMB Synergy and Financial Projections
Latest projection of 5-year synergy
Total 5-year synergy value²
Balance sheet synergy1
Revenue synergy
Cost synergy1
2020
2021
2022
TMB
Make THE Difference
Key synergy drivers
.
Balance sheet synergy³
Replace high-cost TBANK's TD/NCD with lower
deposit cost products
Reduce low return loan of TMB portfolio
~ 1-3 bn
•
~3-5 bn
Revenue synergy
TMB
customers
TBANK
customers
.
Cross-sell mutual fund
Cross-sell BA
•
Cross-sell CYC
.
Cross-sell Flashplus
~10-12 bn
Cost synergy4
•
Relocate and optimize branch footprint
•
Combine workforce
•
Optimize IT spending
•
Optimize marketing expenses
2023
2024
1/ Cost and funding synergy is "cost avoidance” from not merged scenario
2/ Exclude dis-synergy from customer churn / loss of AUM during customer transfer and credit risk model calibration
3/ Balance sheet synergy is based on execution in 2020, while the results last for the following years
4/ Cost synergy is before tax benefits reduction and will be based on execution roadmap each year
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