Kasikorn Bank (KBank) Thailand is planning to take stake in Ayeyarwaddy Farmers Development Bank (A Bank) in Myanmar according to government data. KBank will acquire 35% stake in A Bank but still waiting for approval from the Central Bank of Myanmar (CBM). The acquisition will enable KBank to leverage on A Bank's Myanmar network to expand its reach in the country. A Bank is established in 2014 and has assets of K314 billion and K40 billion registered capital.
Source: The Myanmar Times