Kasikornbank (KBank) is focusing on expanding its international banking business this year in Vietnam and Indonesia. (Photo: Thaiger) KBank chief executive Kattiya Indaravijaya said Vietnam and Indonesia are expected to post strong economic growth as compared with regional peers.
The World Bank forecast long-term Thai GDP growth of 3%; therefore, the bank’sregional expansion is said to facilitate its business growth as Thai companieshave branched out to regional markets.
For KBank Vietnam, the goal is to be among the top 20 banks by asset size inthe market by 2027 following a branch opening in Ho Chi Minh in August 2022,she said, adding digital bank is a key strategy for growing business in themarket.
Around 1.3 million people are using itsmobile banking app, K-Plus, in Vietnam.
As of September 2023, the bank’s total loan portfolio amounted to 2.49 trillionTHB (over 72 billion USD).
It has been present in Cambodia, China, Indonesia, Japan, Laos, Myanmar, andVietnm.
For the digital platform, the bank providescross-border multi-currency settlement, cross-border THB direct settlement andcross-border retail payment.
Additionally, it has partnered with 80 banks in 14 countries./.
It has been present in Cambodia, China, Indonesia, Japan, Laos, Myanmar, andVietnm.
For the digital platform, the bank providescross-border multi-currency settlement, cross-border THB direct settlement andcross-border retail payment.
Additionally, it has partnered with 80 banks in 14 countries./.
VNA
