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Bank of Ayudhya establishes venture capital unit

Bank of Ayudhya PCL established a new subsidiary to engage in the venture capital business.

The bank said April 5 that Krungsri Finnovate Co. Ltd. has a registered capital of 200 million Thai baht. The bank has secured the approval of the Bank of Thailand for the new subsidiary.

As of April 5, US$1 was equivalent to 34.56 Thai baht.