HSBC/Bank of Ayudhya

HSBC sells Thai retail business to Bank of Ayudhya

Bank of Ayudhya agrees to pay $112 million for HSBC’s Thai retail banking business.

<div style="text-align: left;"> No longer the world's local bank </div>

Nick Ferguson

January 27, 2012

HSBC finally sold off its Thai retail banking business to Bank of Ayudhya on Wednesday, the last day of the lunar new year holiday in Hong Kong.

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