Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks

The bank aims to increase its international business income to 4% of its total net income.

Thailand’s Kasikornbank (KBank) has set a goal to increase its international business income to 4% of its total net income in 2023.

In a press statement, KBank also shared its goal to be amongst the top 20 banks in Vietnam and Indonesia by 2027. 

“In alignment with KBank’s growth target and strategy for 2023, which presents ample opportunity for growth within ASEAN, KBank is setting its sights on becoming A Regional Bank of Choice within AEC+3, with focus on expanding businesses in China, Vietnam, Indonesia, Cambodia and Lao PDR through digital banking and  beyond banking solutions,” said Chat Luangarpa, KBank executive vice president.

“This will be achieved by enhancing its technological capabilities and collaboration with partners for service development to improve the quality of life of customers in the region while helping advance the regional economy,” Luangarpa said.

KBank’s net total income rose 2.5% in 2022. The bank now has over 2.1m million customers across the region, according to Pattarapong Kanhasuwan, KBank executive vice president.