The Group has announced that it is planning to buy a controlling stake in Thailand's Bank of Ayudhya. Japan's biggest lender has agreed to buy a 75 percent stake in the Thai bank for up to $5.6 billion.
The deal would also see General Electric end its investment in Ayudhya, which goes back to 2007 when it bought a 33 percent stake in the bank.
Japanese financial firms have been increasingly expanding into South East Asia, attracted as they are to strong growth opportunities.