Scotiabank Expands Asia-Pacific Operations with a Minority Investment in Thailand

30 Mar 2007

BANGKOK and TORONTO--30 Mar--CNW-AsiaNet/InfoQuest


CAPTION :SCOTIABANK - Victory Drum Dance. Executives from Scotiabank and Thanachart Bank participate in a victory drum dance in Bangkok earlier today after Scotiabank announced that it has reached an agreement to acquire 24.99 per cent of Thanachart Bank, Thailand's eighth-largest bank and leading automobile lender.

From left to right: Arthur Scace, Scotiabank Chairman of the Board; Michele Kwok, Senior Vice-President, Asia-Pacific and the Middle East, Scotiabank; Rob Pitfield, Scotiabank Executive Vice-President, International Banking; Denis Comeau, Canadian Ambassador; Suphadej Poonpipat, Chief Executive Officer, Thanachart Bank; and Banterng Tantivit, Chairman, Thanachart Bank. (CNW Group/Scotiabank)


SOURCE: Scotiabank


--Distributed by AsiaNet ( www.asianetnews.net )--


Click for photo release at www.thaipr.net

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