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Monday, May 13, 2024

Local banks consider regional expansion

Growth potential a major draw

Local banks are thinking about regional business expansion, aiming to create higher income from the growth potential of the Asean economy. (Photo: Nutthawat Wicheanbut)

Large local banks are mulling regional expansion next year because of high growth potential.

Chaiyarit Anuchitworawong, senior executive vice-president of Bangkok Bank (BBL), said the bank is monitoring the high growth potential of India’s economy, driven by robust domestic demand.

“India will become the growth engine for the world in the coming years,” he said.

However,…

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