The Bank of Thailand’s commercial bank (BCB) is going to merge with Bank of Southeast Asia (BSA) in a deal valued at more than $1.4 billion.
The bank’s commercial branch will be merged with BSA’s regional branch, the Bank of Siam, in an attempt to boost the BSA branch’s size.
The merger will help the BSB achieve its goal of expanding its banking operations to as many as 70 million people.
While the BNB is the second-largest lender in Thailand after the National Bank of Cambodia, the bank will also expand its remittances service to more people in the country.
It will also increase its credit coverage for foreign investors.
The BSB will now operate a separate branch in Bangkok, while the BCA will operate an additional branch in Siam.BSA’s headquarters will also be relocated to Bangkok.
The BSB’s regional headquarters in Bangkok will move to the city in the next few months.
The Bank of Bangkok will also buy a new, 24,000-square-foot office building in the city, according to a report in The Bangkok Post.
The building will house the bank’s headquarters, the BBC’s commercial banking division, and its branch office.
Banca BBS, BSB, and the other banks will retain their banking facilities.
But the merger will make it easier for BSA to expand its financial services business.
BSA will be able to sell shares and take on more debt, according the Post.
The news comes at a time when the Bank is battling to raise billions of dollars.
In March, the government announced a series of stimulus measures aimed at boosting the country’s economy.
The government has also proposed cutting the corporate tax rate to 25 percent, and it plans to introduce a 15 percent capital gains tax on private corporations.
The government hopes the measures will help revive the economy, boost the bank balance sheet, and help boost the country to its “golden age” and boost its GDP growth.
The new merger with BSB is part of a larger plan to boost BSA and its business by buying up commercial branches and establishing branches in other countries.BBS already has branches in Germany, the United Kingdom, Singapore, and Malaysia.
BSB said last month that it will begin operations in Malaysia in the coming months.