Kasikornbank (KBank) is planning to open a branch in Vietnam’s Ho Chi Minh City to expand the scope of its regional banking business in a high-growth economy, covering all loan segments.
KBank, Thailand’s second largest commercial lender by total assets, received approval on Jan 19 from the State Bank of Vietnam to upgrade what had been its representative office in Ho Chi Minh City to a branch.
The bank is in the process of setting up the new branch, with the aim of expanding its banking services more widely within the regional market covering all customer segments including large corporations, small and medium-sized enterprises (SMEs) and retailers, said Pattarapong Kanhasuwan, KBank’s executive vice-president.
KBank has been operating its banking…
