Sign up | Log in



Home  >>   Daily News  >>   Thailand News  >>   Finance  >>   Kasikorn expands in China
NEWS UPDATES Asean Affairs        25  May 2011

Kasikorn expands in China

Related Stories

May 14, 2011
Thai Central bank seeks ways to lift returns

April 22,2011
Thai banks post first quarter gains

April 18, 2011
Fate of Thai real estate tax unknown

March 11, 2011
Thai banks lift rates

February 15, 2011
Thai bank earnings to grow 21 percent

January 14, 2011
Thai banks lift rates

January 5, 2011
Thailand HSBC plans new branches

Kasikorn Bank plans to further expand in China despite stronger regulations by the mainland's central bank to prevent the economy from overheating.

Chief executive Banthoon Lamsam said the bank aimed to expand SME loans in China to 1 billion yuan (5 billion baht) by the end of the year from 400 million yuan (2 billion baht) now.

The bank maintains a positive outlook for its business in the mainland in line with the country's robust economic growth. However, it remains vigilant, especially, after China's central bank tightened banking reserve requirement.

China's central bank recently raised for the fifth time this year the reserve requirement ratio (RRR) of the country's lenders to curb lending. The half-percentage-point increase brought the ratio to a record high 21 percent compared to 6 percent during 2006-07.

The measure is expected to ease inflationary pressure and cool the fast-growing economy.

''Even though the stricter rule might slow loan expansion, it would help control our asset quality. While there remain great business opportunities in China, the important thing is good risk management,'' Mr. Banthoon said.

KBank, Thailand's third largest bank in terms of total assets, has only one branch in Shenzhen which focuses on serving Chinese SME clients in the local currency. Chinese SME operators typically want a credit line of about 20 million yuan but not more than 60 million.

The Shenzhen branch's operation cooperates with the China Minsheng Banking Corp, one of the biggest commercial banks in the mainland. As well, the bank has three representative offices in Beijing, Shanghai and Kunming

To support expansion, Mr. Banthoon said the Shenzhen branch would recruit around 150 Thai and Chinese staff, adding to its 90-strong workforce. KBank would consider opening another branch in the mainland next year, but its business model has not been finalised yet.

''Together with our local business partner, we can expand our business satisfactorily, but going it alone is our key point for the longer term. In the meantime, our next step is to offer other financial services including deposits,'' he said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    25  May 2011 Subsribe Now !
 • P&G Plans to Invest US$100 million in Indonesia Subcribe: Asean Affairs Global Magazine
• Film stand-off in Indonesia Asean Affairs Premium
• $10 billion PPP investment in Malaysia
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippines, China defuse Spratly tensions
• Foreign buyers buy Singapore homes

• Thailand expands gas-fired plants

• Kasikorn expands in China

• Work halted on Vietnamese port p

Asean Analysis    25  May 2011

Advertise Your Brand
• Joining the club Sponsor Our Events

Asean Stock Watch    25  May 2011

• Asean Stock Watch-May 25 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand