Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln

Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln

The Ho Chi Minh City branch of Thailand’s Kasikornbank Public Company Limited (KBank) recorded a post-tax loss of $7.4 million in 2023, tripling from $2.5 million in 2022.

Banking - Fri, May 10, 2024 | 3:14 pm

Thailand’s Kasikornbank eyes to invest $1 bln in Vietnam till 2027

Thailand’s Kasikornbank eyes to invest $1 bln in Vietnam till 2027

Thailand's second-biggest lender Kasikornbank (KBank) aims to invest at least $1 billion in Vietnam until 2027 as part of its expansion in Southeast Asia, the bank announced Friday.

Banking - Sun, August 27, 2023 | 10:21 am

Thailand's KBank explores major Vietnam acquisition deal

Thailand's KBank explores major Vietnam acquisition deal

Thailand's second-biggest lender Kasikornbank said Wednesday it is exploring an acquisition deal in Vietnam but that it is still not the time to announce the result if any.

Finance - Wed, August 23, 2023 | 3:45 pm

Deposit interest rates below 7% at foreign banks in Vietnam

Deposit interest rates below 7% at foreign banks in Vietnam

While Vietnamese commercial banks reduced their deposit interest rates to below 8% recently, the rates were already lower at foreign counterparts in the country at below 7%.

Banking - Mon, July 10, 2023 | 3:42 pm

KBank’s HCMC branch increases capital by 2.5 times

KBank’s HCMC branch increases capital by 2.5 times

Leading Thai lender KBank is doubling down on the expansion of its operations in Vietnam as the country’s central bank has granted approval for its Ho Chi Minh City Branch’s capital increase of more than 2.5 times to 9.6 billion baht ($285 million).

Banking - Fri, May 5, 2023 | 4:23 pm

Thailand's KBank seeks to become a top 20 bank in Vietnam by assets

Thailand's KBank seeks to become a top 20 bank in Vietnam by assets

Thailand’s Kasikornbank (KBank) eyes to expand its Vietnam operations to 8.4 million customers and outstanding loans of 180 billion baht ($5.22 bln) in 2027, the lender said in a new release.

Banking - Mon, March 13, 2023 | 4:12 pm

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