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Bank of Ayudhya completes acquisition of Cambodian microfinance institution

Thailand's Bank of Ayudhya PCL completed the of Cambodian microfinanceinstitution Hattha Kaksekar Ltd.

The move marks Bank of Ayudhya's entry into the Cambodianmarket, the lender said Sept. 22. The Thai bank in January agreed to purchasethe entire stake in the microfinance institution.

Bank of Ayudhya is a unit of Japan's