Four major Thai banks, including Thai Military Bank, Bank of Ayudhya, CIMB Thai Bank, and Bangkok Bank, have decided to close their branches in Laos.

The branches to be closed are Thai Military Bank’s Vientiane branch, Bank of Ayudhya’s Savannakhet branch, CIMB Thai Bank’s Vientiane branch, and Bangkok Bank’s Pakse branch in Champasak province.

Bangkok Bank had opened a second branch, in Pakse, on January 5, 2016 to expand services to southern Laos and the Emerald Triangle. 

However, Bangkok Bank, Bank of Ayudhya (Krungsri), Krungthai Bank, Siam Commercial Bank and Kasikornbank (KBank) continue to do business in Laos with their other branches.

Read the rest of Four major Thai banks will close branches in Laos on Thailand Business News

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