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The Latest Breaking News from KBank

Kasikornbank (KBank) plans to expand its digital lending this year with stronger control of loan quality, while also growing its mobile banking user numbers.

Bangkok Post

KBank sets target of 5-7% loan growth this year

Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.

Bangkok Post

Rising rates sustain gains in banks' profits

The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.

Bangkok Post

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Local banks eager to step up regional expansion

Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.

Bangkok Post

Local banks forecast to move this week

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

Bangkok Post

Banks prudently mull rate adjustment

Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand's economic recovery.

Bangkok Post

KBank foresees stronger baht next year

Kasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes.

Bangkok Post

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KBank to focus on family wealth planning

KBank Private Banking, the wealth management service under Kasikornbank (KBank), plans to focus on family wealth planning next year, in line with higher demand for the service as the landscape for family wealth changes.

Bangkok Post

KBank keen to build sustainable finance

Kasikornbank (KBank) has set a goal to expand the extension of sustainable financial facilities to 25 billion baht this year, doubling to 50 billion next year, aiming to become an Asean leader in the field of environment, social and governance (ESG) finance by 2030.

Bangkok Post

Foreign suitors ponder K-Asset stake

Europe’s largest fund manager and two global buyout firms are among the shortlisted bidders for a stake in the asset management business of Kasikornbank Plc, according to people familiar with the matter.

Bangkok Post

Asian shares fall as rate fears return

RECAP: Asian markets fell yesterday as optimism that had fuelled earlier buying gave way to nervousness ahead of a US jobs report that could determine Federal Reserve rate hike plans.

Bangkok Post

Firms told to champion sustainable growth

Sustainable growth, rather than maximum profit, should be the bottom line of businesses, according to Kobkarn Wattanavrangkul, chairwoman of the board at Kasikornbank (KBank).

Bangkok Post

Baht freefall could hit 38

Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy.

Bangkok Post

KBank eyes ESG-friendly strategy

Kasikornbank (KBank) is planning a decarbonisation strategy in line with the global environmental, social and governance (ESG) trend, with the bank stopping lending to the coal sector.

Bangkok Post

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Bangkok Post

The power of joining forces

A joint venture asset management company (JV AMC) business model is the country's innovative solution for handling non-performing loans (NPLs) in the banking sector, said Suthirak Traichira-Aporn, chief executive of JK Asset Management (JK AMC), in an exclusive interview with the Bangkok Post.

Bangkok Post

KBank eyeing regional AMC market

Kasikornbank (KBank) has studied bad asset management business in the Asian market, in line with the region's higher distressed debt because of the Covid-19 pandemic, said a KBank executive.

Bangkok Post

Banks vow to keep rates steady for the time being

Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery.

Bangkok Post

Easy loans for all

Major banks have continued to tap the underbanked, aiming to promote financial inclusion and further expand their customer base.

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Bangkok Post

KBank unveils Vietnamese expansion plan

Kasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam.

Bangkok Post

KBank, Carabao team up for loan service

Kasikornbank (KBank) has joined hands with Carabao Group, the maker of Carabao Dang energy drink, on a plan to offer personal loans under the Kbao brand at Tookdee convenience stores.

Bangkok Post

KBank eyes asset management partners

Major local banks are seeking joint venture partnerships for their asset management businesses to strengthen long-term growth.

Bangkok Post

Banking sector's profits gain on higher interest income

The local banking sector recorded improved net profit for the first half year-on-year, attributed to higher interest income.

Bangkok Post

Tookdee shops get infusion

SET-listed Carabao Group (CBG), the maker of Carabao Dang energy drink, has teamed up with Kasikornbank (KBank) to invest up to 15 billion baht to expand Tookdee convenience stores.

Bangkok Post

KBank sees weaker baht on Fed rate hikes

Kasikornbank (KBank) forecasts the baht will weaken more than previously projected because of the US Federal Reserve's hawkish rate hikes.

Bangkok Post

Siam Square hosts new green building

Kasikornbank (KBank) and six partners on Wednesday jointly launched an "innovative iconic green building" named "KLOUD by KBank" at Siam Square.

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