Kasikornbank (KBank) expects the ongoing war in the Middle East to weigh on the bank's asset quality in the second half of the year, while pledging to provide proactive support and relief measures for customers affected by the conflict.
Kattiya Indaravijaya, chief executive of KBank, said the prolonged conflicts in the Middle East have affected some customers' debt repayment capacity. The impact is expected to become more evident in the second half of the year, she said.
