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Thailand's Bank of Ayudhya, also known as Krungsri Bank, is seeking growth in Vietnam. © Reuters August 26, 2021 00:20 JST | Thailand Copy Copied BANGKOK -- Thailand's Bank of Ayudhya (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). "We are very pleased to announce that we have signed agreements with SHB to acquire a 100% stake in SHB Finance, SHB's consumer finance subsidiary," Bank of Ayudhya President Seiichiro Akita said in a statement. Japan's Mitsubishi UFJ Financial Group holds a 76.9% stake in...
