Thailand

With its reorganisation, the group plans to expand to a customer base of 200 million.

KBank is a signatory of the UN's sustainable financing initiative.

The new entity aims to become a regional fintech conglomerate by 2025.

NPL ratio is expected to rise to its highest since the 2009 financial crisis.

The latest licensed banks in Thailand have loan market share below 0.5%. 

Recovery is not expected to begin until end-2022, says GlobalData.

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.

K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.

The partnership expands the online merchant payment network in Thailand.

Market rebounded in H2 2020 and raised higher capital compared to 2019.

Holding company Central Group received more than $20m under the credit facility.

The country is Asia's second most active IPO market in 2020.

UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.

They expect around 100,000 loan applications to be approved by 2021.

Supaneewan Chutrakul is the First Senior Vice President for the Retail Business Division at KASIKORNBANK. She is in charge of supervising KBank’s Retail Innovative Business Solution Department to actively develop a new digital financial platform to serve customers' lifestyle together with the key strategic partners such as Facebook, JD Central, Grab, LINE Finance, Chulalongkorn University, PTT, amongst others.