Maybank disinterested in Siam City Bank stake

Maybank emphasized in an official statement that it will not make any bid for a stake in Siam City Bank.

There were speculations by Thai newspaper Kao Hoon, that the bank, along with HSBC Plc, Standard Chartered Plc, Australia & New Zealand Banking Group, Thanachart Capital, and Bank of Nova Scotia were among those mentioned that were expected to make bids.

Kao Hoon did identify where it obtained the information. 

"Maybank wishes to emphasise that our regional growth strategy remains focused on organic growth in our key markets and in creating synergies to extract best value from our regional acquisitions," said an official company statement.