MANILA, Philippines --- Lender Security Bank Corp. (SBC) has teamed up with Bankof Ayudhya, the fifth largest financial group in Thailand and a member of Mitsubishi UFJ Financial Group (MUFG) network, in the consumer finance business. SBC agreed to sell a 50 percent stake in its consumer finance unit SB Finance (SBF) Co. to Bank of Ayudhya, commonlyknownas Krungsri. The partnership intends to provide"top-notch"consumer finance products to more Filipinos andstrengthen the relationship between SBC and Krusngri, which have Japanese banking giant MUFGasa common shareholder. The banks plan to jointly explore opportunities in personal loans, motorcycle loans, and insurance. "SBC and Krungsr...
Keep on reading: Security Bank, Thailand’s Krungsri team up on consumer finance business
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