Bank of Ayudhya Completes Acquisition of CIMBT Auto Loan Portfolio
Bank of Ayudhya (BAY) has finalized the transfer of auto and motorcycle loan portfolios from two CIMBT subsidiaries as of November 1, 2026.
According to a report by Prachachat Business, Bank of Ayudhya (BAY) successfully completed the transfer of auto and motorcycle loan portfolios from two subsidiaries of CIMBT on November 1, 2026. This acquisition follows the fulfillment of all contractual conditions previously established between the parties. Kenichi Yamato, President and Chief Executive Officer of Bank of Ayudhya, confirmed the completion of the transaction. For residents and expatriates in Thailand, this consolidation represents a significant shift in the automotive financing landscape. Customers whose loans were previously managed by the CIMBT subsidiaries will now be serviced by BAY. It is important for affected borrowers to monitor official communications from their respective banks regarding any changes to payment procedures, account management, or customer service channels. While the transfer of the portfolio is finalized, details regarding potential changes to interest rates or specific loan terms for existing customers remain to be confirmed by the bank. Residents are advised to verify their account status directly through official banking channels to ensure a smooth transition of their financial obligations.
