filipino bank


Security Bank said Ayudhya Bank of Thailand will purchase half of its consumer finance division on Friday, forming a strategic alliance to expand its credit portfolio and product suite. The Security Bank and the Thai lender, widely known as Krungsri, both have the common shareholder of Japan’s MUFG Bank. Bank of Ayudhya will take a 50% interest in SB Finance Co, said a declaration from the Filipino bank. Last July