Japan’s largest banking group intends to take over Thailand’s fifth largest bank.
Mitsubishi UFJ Financial Group Inc has entered exclusive talks with GE Capital to buy its 25% stake in Bank of Ayudhya but red tape is extending negotiations. Sources said MUFJ and GE Capital have signed a memorandum of understanding.
MUFJ is bent on expanding overseas since loan demand at home remains sluggish following two decades of economic stagnation. The Thai banking sector is one of the fastest-growing in Asia due to loan growth, healthy spreads between banks' funding costs and lending rates.
Join Asian Banking & Finance community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!