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The Latest Breaking News from KBank

Kasikorn Business-Technology Group (KBTG), an arm of Kasikornbank, has established KBTG Vietnam as its IT hub to seek additional personnel to serve its parent's regional digital expansion and support the bank's goal of becoming one of the top 20 banks in Vietnam by 2027.

Bangkok Post

Rough week for equities as central banks talk tough

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.

Bangkok Post

Stark told to pay B6.9bn to bondholders

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.

Bangkok Post

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Investors cheer end of US debt drama

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

Bangkok Post

Worries over baht volatility as coalition talks continue

Investors are concerned that the formation of a new government and political risk could lead to higher baht volatility over the next month, says Kasikornbank (KBank).

Bangkok Post

Retail, banking and tourism top stocks

Retail, banking and tourism stocks are set to benefit from the policies of the new coalition government led by the Move Forward Party, according to analysts.

Bangkok Post

KBank halts plans to sell asset management stake

Kasikornbank (KBank) Public Company Limited, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according to people familiar with the matter.

Bangkok Post

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KAsset is feeling bullish on China amid reopening

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.

Bangkok Post

Listed banks post 13% Q1 profit hike

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.

Bangkok Post

Shares of KBank, SCB plunge amid Stark issues

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.

Bangkok Post

Bank warns of SMS scams

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.

Bangkok Post

‘Influential’ Thais linked to fishy bank account

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.

Bangkok Post

Scam tied to foiled B176m withdrawal

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.

Bangkok Post

KBank benefits from challenger bank initiative

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.

Bangkok Post

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Bangkok Post

Locals firms prefer digital over virtual

Local banks are focusing on nudging their customers to digital platforms to grow services there, instead of applying for the central bank's upcoming virtual bank licence.

Bangkok Post

Mobile banking security rules toughened

Biometric scans will be required for high-value mobile banking transactions as part of measures to protect consumers from cyber-risks, according to the Bank of Thailand.

Bangkok Post

Beacon VC estimates 15 investment deals worth $28m

Beacon Venture Capital (Beacon VC), the corporate VC arm of Kasikornbank (KBank), expects to complete 15 investment deals worth US$28 million this year both locally and internationally.

Bangkok Post

Line BK maintains data development goal

After operating for more than two years, Line BK, a social banking collaboration between Kasikornbank (KBank) and Line Corporation, aims to book a net profit in 2024.

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Bangkok Post

KInvesture buys stake in asset manager

Kasikorn Investure Co Ltd (KInvesture), a subsidiary of Kasikornbank (KBank), has invested in J Asset Management Company (JAM) and holds 9.9% of the company's shares, worth more than 3.5 billion baht, in a move to support JAM's future growth, KBank said yesterday.

Bangkok Post

KBank aims to augment digital loans

Kasikornbank (KBank) plans to expand its digital lending this year with stronger control of loan quality, while also growing its mobile banking user numbers.

Bangkok Post

KBank sets target of 5-7% loan growth this year

Kasikornbank (KBank) aims to grow its lending by 5-7% and control the quality of its assets, with a non-performing loan (NPL) ratio target of less than 3.25%, according to its 2023 financial goals.

Bangkok Post

Rising rates sustain gains in banks' profits

The trend of rising interest rates supported net profit growth among Thai banks last year, while the banking industry saw strong demand for loans in line with the country's economic recovery.

Bangkok Post

Local banks eager to step up regional expansion

Local 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.

Bangkok Post

Local banks forecast to move this week

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

Bangkok Post

Banks prudently mull rate adjustment

Banks are taking their time before making any decision on adjusting loan rates as next year there are several risks, particularly concern about a global recession and swelling household debt, despite reports of Thailand's economic recovery.

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