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Bangkok, Thailand, Bank Is Upbeat on Foreign Operations.
Byline: Darana Chudasri
Jan. 6--Bangkok Bank expects its international banking operations to grow by 25 percent this year driven largely by its investments in Vietnam, said Prasong Uthaisangchai, senior executive vice-president for international banking operations.
With outstanding foreign loans of $2 billion -- projected to increase to $2.5 billion by the end of the year -- the bank expects Vietnam, Taiwan and Hong Kong to lead regional growth this year.
While Singapore is making a comeback, and Malaysia is showing steady improvement, Mr Prasong said many investors are cautious about investments in China.
Many analysts have taken the ...
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Source: HighBeam Research, Bangkok, Thailand, Bank Is Upbeat on Foreign Operations.