The Latest Breaking News from KBank

RECAP: Asian stocks slumped in line with global equity markets, which have seen their worst week this year, as a string of hawkish central bank surprises made investors nervous about the economic cost of taming inflation.

Kasikornbank (KBank) and Asia Plus Securities (ASPS), representatives for Stark Corporation's bondholders, called for the immediate payment of bonds worth more than 6.9 billion baht after they decided to cancel tomorrow's bondholders' meeting.

Kasikorn Asset Management (KAsset), the largest mutual fund company by assets under management (AUM), reports a healthy start to the year with net inflows of more than 30 billion baht in the first quarter.

Net profit for the banking industry grew 13% in the first quarter thanks to improving business operations, despite setting higher loan-loss provisions amid global economic risks.

Shares of Kasikornbank (KBANK) and Siam Commercial Bank (SCB) fell sharply on Thursday as investors were concerned that Stark Corporation (STARK) may default on loan payments with both banks, say analysts.

Kasikornbank (KBank) has warned people to be cautious of links sent via text messages, or SMS, which encourage them to download additional applications or add Line accounts under the bank’s name in an attempt to trick them into giving away information or access to their accounts.

Police say some “influential” Thais could face arrest in connection with attempts by suspected Chinese scammers to get access to 176 million baht in a local bank account.

Police have arrested a Cambodian national for using a fake passport to obtain a new bank passbook for an account with 176 million baht in savings believed to belong to a call centre gang.

Kasikornbank (KBank) reports surging usage of its digital platforms six months after launching its "challenger bank" programme to enable more people to engage with its services and products, simplifying banking through the use of advanced technology.