Bank of Ayudhya establishes venture capital unit
Insight Weekly: US bank stress tests; cracks in housing market; summer energy supply risks
Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A
Commercial Banking: June 22nd Edition
Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy
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.