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Wednesday, May 15, 2024

KBank spins off investment business

New unit to target underserved segment

Ms Kattiya and Mr Patchara at the launch of Kasikorn Investure Co (KIV). KIV is to officially start its business operations this month.

Kasikornbank (KBank) is spinning off its investment business to a new entity with the aim of making profits of 5 billion baht over the next three years, paving the way for new S-curve business in the long run.

KBank has set up Kasikorn Investure Co (KIV), a holding company under KBank Group, offering financial services to individuals and entrepreneurs in small businesses, with a focus on underserved…

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