CIMB Thai to acquire TM Bank

CIMB Thai Bank plc would acquire TMB Bank, formally known as The Thai Military Bank.

This was revealed by CIMB Group Chief Executive, Datuk Seri Nazir Razak, according to Bernama.

"We are always looking at opportunities and we always said that in Thailand we are a little bit small. If there are interesting opportunities we would consider," he said, when asked whether CIMB Group would be interested in buying another bank in Thailand.