News

American International Group closes retail bank, credit card operations sale in Thailand

Friday 10 April 2009 08:44 CET | News

Insurance and financial services provider American International Group (AIG) has completed the sale of its retail bank and credit card operations subsidiary in Thailand, namely AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited.

AIG Card (Thailand) Company Limited operates the credit card and personal loan business. AIG completed the sale of the retail bank and credit card operations to Bank of Ayudhya Public Company Limited in Thailand for nearly USD 45 million in proceeds, as part of its decision to sell assets in order to pay back the US government.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: American International Group, retail bank, credit card, Thailand
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events