"Kasikornbank (KBank) wants to expand its footprint in Myanmar, acquiring a sizeable stake in a bank there. If the acquisition deal goes through, it will mark the second purchase of a stake in an overseas financial institution by a Thai bank in two months, after Bangkok Bank's acquisition of Indonesia's PT Bank Permata worth US$2.7 billion (81.3 billion baht). KBank is studying a suitable business model in Myanmar after the Central Bank of Myanmar (CBM) opened to more business opportunities for foreign banks, said co-president Kattiya Indaravijaya. Foreign banks are allowed three licence types in Myanmar: establishment of a commercial bank as a subsidiary, a foreign bank branch and application for equity participation with a local bank..."