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Bank of Ayudhya to Buy HSBC’s Retail Business in Thailand

Bank of Ayudhya Pcl said it will acquire the retail banking business of HSBC Holdings Plc in Thailand for 3.56 billion baht plus any net asset value of the business, the Thai bank said.

HSBC’s retail business in Thailand includes credit cards, consumer loans and mortgage loans, Bank of Ayudhya said in a regulatory filing.

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