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Retail Asia23/11/2023

KASIKORNBANK FINANCIAL CONGLOMERATE has acquired additional investments in PT Bank Maspion Indonesia Tbk (Bank Maspion) in Indonesia through KASIKORN VISION FINANCIAL PTE. LTD. (KVF) and PT. KASIKORN VISION FINANCIAL INDONESIA. Following the capital injection, the post-investment valuation of Bank Maspion stands at 15.441 billion Baht, an increase of 8.0 billion Baht. Therefore, the subsidiaries increased […]

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Retail Asia23/08/2023

Thailand’s second-biggest lender Kasikornbank is in talks to buy consumer finance provider Home Credit Vietnam in a deal of up to $1 billion that would further its push to expand in Vietnam, two sources said. The Bangkok-based lender, also called KBank, hopes to become one of Vietnam’s top 20 banks in terms of assets by […]

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Retail Asia01/12/2022

The target of creating a better credit environment for SMEs is KBank’s strategy upon entering the Vietnamese market.

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Retail Asia10/05/2022

KBank recently announced the appointment of Ms. Voranuch Dejakaisaya as Executive Chairman–KASIKORN Business–Technology Group (KBTG) to supervise the IT systems of KBTG and KBank, and help steer the organizations’ transformation plans and regional expansion. Ms. Voranuch Dejakaisaya, currently aged 62, graduated with a Bachelor of Science, Statistics, Chulalongkorn University, and a Master of Business Administration (M.B.A), […]

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Retail Asia08/02/2022

Kasikornbank (KBank) has risen to the forefront as a world-class Bank of Sustainability after it was awarded the prestigious S&P Global Sustainability Award with Gold Class distinction in recognition of its distinctive performance that has harmoniously integrated environment, social and economic/governance (ESG) aspects into its operations. The Bank has also demonstrated its commitment to developing […]

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Retail Asia08/02/2021

KASIKORNBANK (KBank) is gearing up to become The Bank of AEC+3 after the State Bank of Vietnam granted approval for the opening of a branch in Ho Chi Minh City, Vietnam. The Bank aims to serve Thai business customers, including large corporate and SME clients who have invested in Vietnam, as well as local retail […]

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Retail Asia01/09/2020

Murex, the global leader in trading, risk and processing solutions for capital markets, powered an overnight indexed swap derivatives transaction for KBank based on THOR, the new Thai reference rate. KBank successfully completed the first such transaction referencing THOR on August 31. The interest rate swap transaction based on THOR represents a critical inaugural step—it […]

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Retail Asia22/10/2019

Ms. Kattiya Indaravijaya, President of KASIKORNBANK, said Thai economic activity in the third quarter of 2019 continued to see few supports, after growing by 2.30% in the second quarter of 2019. The Thai economy showed signs of strength in the third quarter of 2019, due mostly to the low base effect of the same period last year, especially in the […]

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Retail Asia16/10/2019

KBank has announced its successful issuance of USD denominated subordinated notes (the “Notes”) with a USD800 million offering that were oversubscribed four times. Such high oversubscription rate reflects the international investors’ confidence in KBank. It is the largest South-East Asia Reg-S-Only Tier-2 note issue in more than five years, and also the first USD-denominated 12NC7 […]

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Retail Asia02/09/2019

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Lombard Odier is bullish about its onshore partnership strategy in Thailand, claiming that 80 percent of high net worth wealth remains onshore with local banks. The bank is bullish on Thailand’s wealth market, citing industry projections of 10-30 percent annual growth of high net worth individuals, depending on segmentation. Interestingly, the billionaire segment is expected […]

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Retail Asia12/04/2019

KResearch held a panel discussion on “Measuring the Thai Economic Temperature after Election” on Tuesday April 2, 2019. According to KResearch poll conducted among members of the general public and the business sector before and after the election, it was found that the election has given a boost to confidence. Nevertheless, close attention should be paid […]

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Retail Asia09/04/2019

New entrants and increased competition brought about by challenger banks could result in revenue losses of up to 30 percent among legacy banks over the next 10 years. While digitalization can lower costs for incumbent banks by 30 to 50 percent, new competition and greater transparency in the banking market, prompted by the emergence of […]

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Retail Asia13/03/2019

Thailand’s fourth-largest bank by assets – by loans and deposits it also ranks fourth – has set some eye-catching targets. Take its K-Plus mobile banking offering. Already K-Plus has 10 million customers; that in itself is an already impressive number, given that Kasikornbank has around 14 million customers in total. And it represents impressive annual […]

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Retail Asia13/03/2019

KBank will hold an examination for eight graduate scholarships for 2019 at both local and international institutes in many fields, including business administration, finance and IT, the bank said in a press release on Thursday.Scholarships in business data analytics are offered for the first time this year to seek a new generation of employees with […]

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Retail Asia31/10/2018

In the recently announced 2019 business plans, KASIKORNBANK (KBank) will press ahead to become the “Customers’ Life Platform of Choice” by using K PLUS to introduce financial and lifestyle services that suit individual clients. KBank’s financial and IT capabilities will be further enhanced through using data for decision making and steering business toward becoming a […]

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Retail Asia16/10/2018

KASIKORNBANK (KBank) is the first Thai and ASEAN bank to issue sustainability bonds totaling USD100 million, where the proceeds will be used to finance green and social projects. Such bond issuance is aimed at supporting the development of Thai and regional capital markets and promoting investments that generate returns in parallel with driving sustainable growth […]

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Retail Asia26/09/2018

Kasikornbank (KBank) and Thailand Post, a state-owned enterprise, yesterday sealed a business deal that saw one of the country’s biggest banks appoint the postal operator as a banking agent. KBank became the first of the large banks to enter such an arrangement with Thailand Post. “We aim to service 250,000 online vendors across the country […]

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Retail Asia14/05/2018

Com7 has teamed with Kasikornbank (KBank) to expand the BaNana store chain, enabling younger consumers to access IT products and services more conveniently. Their first joint BaNana pilot branch was in Yasothon, and the two companies plan to have 20 more mini-branches by year’s end offering more diverse retail business and comprehensive financial services in […]

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Retail Asia30/08/2017

Kasikornbank has taken a 9.99% stake in Bank Maspion Indonesia for US$20 million to help strengthen its regional presence, the bank said on Monday. The price paid was 615 rupiah (S$0.06) per share, nearly 62% premium to the stock’s closing price on Friday. The shares traded over 2% higher on Monday. “Bank Maspion is the […]

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Retail Asia20/06/2017

KBank and JCB International (JCBI), the international operations subsidiary of JCB Co., Ltd., have introduced the “KBank JCB Credit Card” to accommodate Japanese culture and lifestyles. A wide range of attractive privileges are offered, with first-year targets of 100,000 cards and spending of 2 billion Baht. Mr. Pipit Aneaknithi, KBank President, said the popularity of […]

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