Bank of Thailand considers sale of two state banks

The Bank of Thailand said Monday it will hold meetings to consider the sales of two nationalised banks - Siam City Bank (H.SCB) and Bangkok Metropolitan Bank PCL (H.BMB) on Wednesday and Thursday, respectively.

Chakthip Nitibhon, the central bank assistant governor, told reporters that the central bank's Financial Institution Development Fund, or FIDF, will hold a board meeting Wednesday to consider the 36.6 billion baht ($1=THB43.61) sale of Bangkok Metropolitan to HSBC Holdings PLC (HBC) aft