Thanachart Bank weighing suitors for its Siam City Life | Bangkok Post: business

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Thanachart Bank weighing suitors for its Siam City Life

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Thanachart Bank, Thailand's sixth-biggest lender by assets, is assessing subsidiary Siam City Life Assurance's future after several local firms showed interest in acquiring its licence. 

The bank has not finalised its decision yet, said Brendan King, deputy chief executive of TBank.

"A sale [of the licence] is possible, but we won't rush to do it," he said. "We have to prudentially study all aspects including partners, timing, as well as reasonable prices."

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