BBL preps for Japan turf war | Bangkok Post: business

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BBL preps for Japan turf war

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The acquisition by the Bank of Tokyo-Mitsubishi UFJ (BTMU) of a stake in Bank of Ayudhya (BAY) is persuading Bangkok Bank (BBL) to prepare for stronger competition in the Japanese corporate banking business segment. 

Chaiyarit Anuchitworawong, an executive vice-president of BBL, said the bank expects the deal to affect the local corporate loan market thanks to BTMU's expertise in the business sector.

But it also believes the move will offer greater opportunities to tap Japanese loans once Asean integration starts.

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