BAY Acquires 50% Stake of Philippines’ Financial Business Operator “SB Finance Inc”

Bank of Ayudhya Public Company Limited (BAY) announced the business acquisition through purchase of 50% of all issued shares of SB Finance Company Inc (SBF) operating consumer finance business in Philippines from Security Bank Corporation (SBC) has already completed under approvals by the Bank of Thailand and other relevant regulators in Philippines.

As a result, SBF now becomes a Nom-Solo subsidiary in Krungsri Financial Business Group.