Kasikornbank extends financial facilities to Japanese businessmen

Kasikornbank enhanced its business partnership with Shizuoka Bank by connecting the financial service networks of the two banks. It's aim is to increase financial transactions by 4 billion Baht and becoming the top Thai bank serving Japanese customers.

CEO and President Banthoon Lamsam said KBank has enhanced its relationships with and services offered to Japanese customers by signing a partnership contract with Shizuoka Bank, one of the largest local banks in Japan. KBank will provide complete financial services including deposit, loans, funds transfer, and cash management for Japanese companies with operations in Thailand, which are also customers of Shizuoka Bank. There are currently no fewer than 100 such companies, most of which are in the automotive industry and likely to need at least 4 billion Baht of loans for their Thailand business operations.

KBank recognizes the importance of Japanese customers and is committed to serving them, as they have continuously invested in Thailand for quite some time. The Bank has set up a Japanese Business Information Center of the Global Business Development Department and a representative office in Tokyo, aimed at providing information and services for Japanese investors in the initial stage. The Bank currently has 30 Relationship Managers to take care of Japanese customers, the highest number among Thai banks. Thus, KBank is confident that it can provide quality services to Japanese customers. The Bank intends to be “the Most Preferred Thai Local Bank” for Japanese customers, and boost its market share of Japanese customers to 18 percent by 2012. The Bank also has the target of becoming number one in terms of market share of Japanese customers among Thai commercial banks.

By the end of 2010, KBank signed partnership contracts with 13 Japanese financial institutions in providing financial services for Japanese companies with operations in Thailand. Shizuoka Bank is the latest partner of the Bank in expanding the Japanese customer base in the long term.  

The business partnership will ensure Japanese customers with operations in Thailand that KBank, a leading Thai bank, will provide them quality financial service and take care of them to an international standard.

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Tags: financial facilites, extends, Japanese businessmen