Kasikornbank weighs bid for Citigroupâs Thai retail business
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published : 17 May 2021 at 11:37
updated: 17 May 2021 at 18:32 Kasikornbank head office in Rat Burana district, Bangkok
Thailandâs second-biggest lender is considering a bid for Citigroup Incâs retail assets in the country to expand its wealth management, consumer lending and credit card businesses.
Kasikornbank is interested in the US lender’s business in Southeast Asia’s second-biggest economy and will study the details as soon as the process is open, Chief Executive Officer Kattiya Indaravijaya said in a recent phone interview. “Citigroup’s retail business here has a very large and good customer base.”