Bangkok--21 Dec--Scotiabank
As part of a strategic shift in the direction of Scotiabank's Asia Pacific operations, led by the realignment of regional operations under the Global Banking and Markets business line, Scotiabank (TSX:BNS) (NYSE:BNS) may consider strategic options for its 49% stake in Thanachart Bank Public Company Limited ("TBank"). No final decision has been made with respect to this investment.
Scotiabank continues to maintain a good working partnership with Thanachart Capital Public Company Limited ("TCap"), a 51% stakeholder in TBank. TCap is aware of Scotiabank's consideration of strategic options and is open to considering proposals that are also in the interest of TCap and TBank's customers, employees, shareholders and regulators.