Thailand’s 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.
Thailand’s Kasikornbank (KBank) has has opened a branch in Ho Chi Minh City with an aim to linking trade and investment network with the Southeast Asian country.
Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF).
Four major banks of Thailand have decided to cut their minimum retail rate (MRR) by 0.25 percentage point to help lower financial costs of small and medium enterprises (SMEs), increase their competitiveness and support the Thai economy.
Kasikornbank PCL, the fourth biggest bank of Thailand, will invest 50 million USD in Grab, becoming the latest investor to respond to the Singaporean tech startup’s ongoing fundraising efforts.
The Bank of Thailand (BOT) has confirmed that hackers have stolen information of more than 120,000 customers in a massive data breach into two major commercial banks.
Kasikornbank (KBank), the fourth largest lender by assets of Thailand, predicted the baht will continue to appreciate against the US dollar in the next few months, following brisk gains in January.
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