Thailand's Bank of Ayudhya to acquire SHB Finance in Vietnam for $156m

Thailand's Bank of Ayudhya to acquire SHB Finance in Vietnam for $156m

Krungsri (Bank of Ayundhya) president and CEO Seiichiro Akita. Source: Krungsri website

Thailand’s Bank of Ayudhya Pcl (BAY) said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht ($155.77 million).