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Bangkok Bank Aims for Investment from China, Hong Kong, Taiwan.
Byline: Darana Chudasri
Jan. 13--Bangkok Bank expects to increase its foreign branch operations to more than 10 percent of its total business within the next two years, says bank chairman Chatri Sophonpanich.
Foreign operations now represent 7 percent to 10 percent of total operations, well down from a peak of 30 percent in the 1990s. Bangkok Bank, like other Thai banks, sharply cut back its overseas networks following the 1997 crisis, to reduce costs.
But Mr Chatri said that with the Asia-Pacific region clearly headed toward stronger growth, the time was right for the bank to expand its regional presence.
Increased business volume at ...
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Source: HighBeam Research, Bangkok Bank Aims for Investment from China, Hong Kong, Taiwan.