The agency has also affirmed the Long-Term IDR of Bank of Ayudhya
Public Company Limited (BAY), as well as the National Long-Term Ratings of Thanachart Bank Public Company Limited (TBANK) and Thanachart Capital Public Company Limited (TCAP).
Danamon is the latest by a string of deals by highly acquisitive MUFG, which already holds stakes in Vietnam's Vientinbank, Thailand's Bank of Ayudhya
and Security Bank Corp of the Philippines.
Some of its more prominent clients include ING Bank, Bank of Ayudhya
, Indosat/Ooredoo, TBC Bank, Globe Telecom, IPay88, DBS, Priorbank, Ghana Commercial Bank, Mashreq Bank, KazKom Bank, BDO and UniCredit.
Bank of Ayudhya
, considered to be Thailand's fifth-largest commercial bank by assets, and branded as Krungsri, is considering a move to digital banking.
With the acquisition of Thailand's Bank of Ayudhya
adding on to its full-year earnings, MUFG's net interest margin widened to 0.
4 percent to its lowest end since February 2 led by falls in financials with Bank of Ayudhya
leading the losers with a 5.
Krungthai Bank offers the KTB e-Money Card, while Bank of Ayudhya
and Bangkok Bank offer the Krungsri Gift Card and Shell Prepaid Card respectively.
01% in Thai lender Bank of Ayudhya
Pcl (Krungsri) for THB170.
Last year, Mitsubishi UFJ Financial Group (MUFG) agreed to buy 72% of Thailand's Bank of Ayudhya
Pcl for $5.
In July, MUFG acquired a majority stake in Thailand's Bank of Ayudhya
Companies expected to speak at the summit include: National Bank of Cambodia, Department of Finance, (Philippines), VeriFone, Rural Bankers Association of the Philippines, Quezon Capital Rural Bank, Hattha Kaksekar, ACLEDA Bank Plc, Viettel Telecom, Globe Telecom Inc / G-Xchange Inc, BICS Asia, Maybank, Chunghwa Telecom, Western Union, Standard Chartered Bank, Alpha Payments Cloud, Bank Mandiri, Etisalat, ControlCase, EPIC Lanka Group, Ayeryarwady Bank, Vodafone, FINTEL Fiji, Bank of the Lao PDR, Bank of Ayudhya
Product Excellence in Payment Innovation: Bank of Ayudhya