“Thailand has too many banks for the size of the market,” Boontuck, 55, said in a June 22 interview in his office in Bangkok. “The country should probably have five or six strong banks, so I think you will see consolidation over the next five years"
Monday, June 25, 2012
Thai Bank CEO Sees Competition Spurring Mergers: Southeast Asia - Businessweek
Thai Bank CEO Sees Competition Spurring Mergers: Southeast Asia - Businessweek:
"Thailand’s banking industry may shrink to as few as five lenders from 14 as competition and cost-cutting fuels consolidation, said Boontuck Wungcharoen, chief executive officer of TMB Bank Pcl. (TMB)
“Thailand has too many banks for the size of the market,” Boontuck, 55, said in a June 22 interview in his office in Bangkok. “The country should probably have five or six strong banks, so I think you will see consolidation over the next five years"
“Thailand has too many banks for the size of the market,” Boontuck, 55, said in a June 22 interview in his office in Bangkok. “The country should probably have five or six strong banks, so I think you will see consolidation over the next five years"
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