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Bank of Ayudhya’s turnaround by MUFG boosts Thailand’s EV economy
BANGKOK/TOKYO — While attendees at Thailand’s largest motor show at the end of November took in the latest automotive innovations and designs from major carmakers, about 100 Bank of Ayudhya employees, recognizable by their yellow-collared shirts, were busy processing loan applications.
In recent years the subsidiary of Japan’s Mitsubishi UFJ Financial Group (MUFG) has come to play a big role in the country sometimes called the “Detroit of Asia.”
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