HSBC Thailand aims to raise fresh funds and secure an additional licence in preparation for local business expansion in line with the country’s economic growth.
The bank is in the process of increasing its capital by 3.1 billion baht to 25.7 billion, said chief executive Giorgio Gamba.
In addition, the bank is applying for a new business licence from the regulator to strengthen its existing business, he said. HSBC Thailand operations cover three core areas: wholesale banking business, market and securities service, and private banking business.
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