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Scotiabank Affiliate Thanachart Bank Acquires Stake in Siam City Bank

Scotiabank Affiliate Thanachart Bank Acquires Stake in Siam City Bank
On March 11th, Thanachart Bnk confirmed that it has reached an agreement to acquire almost 48% of Thailand’s Siam City Bank. The agreement is subject to regulatory approvals in Thailand. The stake in Siam City Bank is currently owned by Thailand’s Central Bank through the Financial Institutions Development Fund (FIDF). The Bank of Nova Scotia owns 49% of ... Full story
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