KASIKORNBANK

Thai govt and private sector leaders announce collaboration to support Thailand's bid to host Expo 2028 Phuket Thailand

Retrieved on: 
Lunedì, Febbraio 20, 2023
Paragon, YEC, Bureau International des Expositions, Biophysical environment, QSNCC, Public, ATM, Public health, Entrepreneurship, Ministry of Public Health (Thailand), Vachira Phuket Hospital, Private sector, Palliative care, Medicine, Gross domestic product, Queen Sirikit National Convention Center, ESG, Thailand Convention and Exhibition Bureau, Siam Paragon, KASIKORNBANK, City, Franco-Thai Chamber of Commerce, Government, ICONSIAM, Foreign Affairs, Ministry of Tourism and Sports (Thailand), BIE, Environmental, social, and corporate governance, Health, Ministry of Foreign Affairs (Thailand), TCEB, Commerce, Corporate governance, Expo 2027, Ministry of Commerce (Thailand), Medical tourism, Ministry, Social, Tourism, Sport, Expo, Symposia

The collaborative meeting held to bolster Thailand's candidature to host the Expo 2028 Phuket Thailand (Specialised Expo) takes place at the Queen Sirikit National Convention Center (QSNCC).

Key Points: 
  • The collaborative meeting held to bolster Thailand's candidature to host the Expo 2028 Phuket Thailand (Specialised Expo) takes place at the Queen Sirikit National Convention Center (QSNCC).
  • The discussed collaboration includes the joint public relation of the bid in order to generate united support of the Thai public.
  • Mr. Anutin Charnvirakul, Thailand's Deputy Prime Minister and Chairman of Thailand Candidature Committee for the Expo 2028 Phuket Thailand, ensured the private sector during his opening remarks that the Thai government has been fully committed to the hosting of the Specialised Expo in Phuket.
  • Visit https://support.expo2028thailand.com to show your support for Thailand's bid to host Expo 2028 Phuket Thailand.

Oryx Stainless secures increased THB 1bln Innovative Borrowing Base Facility to support growing business demand

Retrieved on: 
Venerdì, Ottobre 28, 2022
HSBC, Growth, Loan, Borrowing base, Virtual CFO, Circular economy, KASIKORNBANK, Bank, CO2, Fulbright Program, Recycling, Germany, HSBC Bank (China), CFO, Solution, Fraunhofer, Documentation, Line of credit, Hunting, Drug, Oryx

The new facility is substantially larger than Oryx Stainless's previous Borrowing Base funding lines and also reflects the successful experience and growing interest from Thai corporates in using Borrowing Base finance as a tool for working capital management.

Key Points: 
  • The new facility is substantially larger than Oryx Stainless's previous Borrowing Base funding lines and also reflects the successful experience and growing interest from Thai corporates in using Borrowing Base finance as a tool for working capital management.
  • Oryx Stainless's secured Borrowing Base facility remains one of the very first solutions of its innovative and flexible kind in the Thai banking market.
  • The focus of the company's business activities is on the handling and processing of stainless steel scrap into Oryx Stainless Blends.
  • Oryx Stainless (Thailand) Co., Ltd. is part of the Oryx Stainless Group and a market leader in the Asian market since 2014.

Oryx Stainless secures increased THB 1bln Innovative Borrowing Base Facility to support growing business demand

Retrieved on: 
Venerdì, Ottobre 28, 2022
HSBC, Growth, Loan, Borrowing base, Virtual CFO, Circular economy, KASIKORNBANK, Bank, CO2, Fulbright Program, Recycling, Germany, HSBC Bank (China), CFO, Solution, Fraunhofer, Documentation, Line of credit, Hunting, Drug, Oryx

The new facility is substantially larger than Oryx Stainless's previous Borrowing Base funding lines and also reflects the successful experience and growing interest from Thai corporates in using Borrowing Base finance as a tool for working capital management.

Key Points: 
  • The new facility is substantially larger than Oryx Stainless's previous Borrowing Base funding lines and also reflects the successful experience and growing interest from Thai corporates in using Borrowing Base finance as a tool for working capital management.
  • Oryx Stainless's secured Borrowing Base facility remains one of the very first solutions of its innovative and flexible kind in the Thai banking market.
  • The focus of the company's business activities is on the handling and processing of stainless steel scrap into Oryx Stainless Blends.
  • Oryx Stainless (Thailand) Co., Ltd. is part of the Oryx Stainless Group and a market leader in the Asian market since 2014.

IFC invests a US$ 75 million convertible loan in SeABank

Retrieved on: 
Venerdì, Ottobre 14, 2022
People, Seabank Power Station, IFC, Labour, Risk, Investment, OPEC Fund for International Development, International Finance Corporation, Bank, Carbon, Orient Commercial Joint Stock Bank, KASIKORNBANK, Community, Ministry of Lands and Land Resettlement (Zimbabwe), Cultural heritage, Risk management, International development, SME, SSB, Biodiversity

HANOI, Vietnam, Oct. 14, 2022 /PRNewswire/ -- IFC's investment is aimed at impulsing SeABanks's development strategies and increasing access to finance for SMEs and women-owned SMEs. Specifically, in line with IFC's approach to addressing climate risks, SeABank will also commit to not funding new coal-related activities. This will help contribute to Vietnam's climate targets including phasing out coal-fueled power generation by 2040 and achieving net zero carbon emissions by 2050. This commitment by SeABank will be a condition for IFC's consideration to convert this loan to common shares within the next five years.

Key Points: 
  • International Finance Corporation (IFC) invested a US$75 million convertible loan in Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code SSB).
  • IFC will have an option to convert its loan to common shares of SeABank within 5 years.
  • Specifically, in line with IFC's approach to addressing climate risks, SeABank will also commit to not funding new coal-related activities.
  • The new US$ 75 million convertible loan shows IFC's acknowledgment of SeABank's performance, credibility, and commitment to expanding its SME reach-out and addressing climate challenges in Vietnam.

IFC invests a US$ 75 million convertible loan in SeABank

Retrieved on: 
Venerdì, Ottobre 14, 2022
People, Seabank Power Station, IFC, Labour, OPEC Fund for International Development, Risk, Investment, International Finance Corporation, Bank, Carbon, Orient Commercial Joint Stock Bank, KASIKORNBANK, Multimedia, Community, Ministry of Lands and Land Resettlement (Zimbabwe), Cultural heritage, Risk management, International development, SME, View, SSB, Biodiversity

HANOI, Vietnam, Oct. 14, 2022 /PRNewswire/ -- IFC's investment is aimed at impulsing SeABanks's development strategies and increasing access to finance for SMEs and women-owned SMEs. Specifically, in line with IFC's approach to addressing climate risks, SeABank will also commit to not funding new coal-related activities. This will help contribute to Vietnam's climate targets including phasing out coal-fueled power generation by 2040 and achieving net zero carbon emissions by 2050. This commitment by SeABank will be a condition for IFC's consideration to convert this loan to common shares within the next five years.

Key Points: 
  • International Finance Corporation (IFC) invested a US$75 million convertible loan in Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code SSB).
  • IFC will have an option to convert its loan to common shares of SeABank within 5 years.
  • Specifically, in line with IFC's approach to addressing climate risks, SeABank will also commit to not funding new coal-related activities.
  • The new US$ 75 million convertible loan shows IFC's acknowledgment of SeABank's performance, credibility, and commitment to expanding its SME reach-out and addressing climate challenges in Vietnam.

KBank Biz Loan Is Now Available on the E-commerce Platform Buy2Sell Vietnam

Retrieved on: 
Mercoledì, Agosto 17, 2022
Multimedia, Drink, Digital technology, KASIKORNBANK, SME, Cosmetics, Income, Food, Safety, Investor, Real estate, Online shopping

HO CHI MINH CITY, Vietnam, Aug. 17, 2022 /PRNewswire/ -- Buy2Sell Vietnam partners with KASIKORNBANK (KBank) - Thailand's leading SME support bank, with its prestige, security and safety to facilitate customers with income from 5 million VND, running small businesses or working as office workers that are in need of capital to expand sales on e-commerce platforms, able to access the KBank Biz Loan digital loan application.

Key Points: 
  • KBank Biz Loan's strength is the complete digital technology, easy and fast for customers to register anytime and anywhere.
  • With only 3 simple steps to register on the KBank Loan app.
  • KBank Loanis a digital loan application in Vietnam, providing financial support for small and medium-sized businesses or individuals that need capital on business development, shopping for both short and long-term.
  • Buy2Sellis a pioneering B2B e-commerce platform with the largest source of imported goods in Vietnam, focusing on high-quality imported brands.

KBank in US$ 2.7 billion technology drive to expand banking to unbanked-underbanked Thais

Retrieved on: 
Martedì, Luglio 12, 2022
Technology, Income, Goal, NPL, SET, Social media, Privacy, KASIKORNBANK, BK, Intention, LCR, Documentation, Algorithm, Non-performing loan, Stock exchange, Investment, Moody, DNA, Mission statement, LINE, Renewable energy, Bank, Credit, Online shopping, Mobile phone, Cryptocurrency

BANGKOK, July 12, 2022 /PRNewswire/ -- KASINKORNBANK (KBank) has announced a US$ 2.7 billion strategic programme aimed at boosting access to banking services among Thailand's unbanked and underbanked population as well as very small businesses and the self-employed. The programme includes accelerated investments in technology, technology-related acquisitions, commercial partnerships, organisational development, as well as adopting other technology-driven methods to boost access to banking services among a broader range of the public.

Key Points: 
  • "We're already a bank that has the great strengths and reliability of a traditional bank serving a wide range of customers.
  • What we're now doing is to fuse on to that successful core the disruptive DNA of a 'challenger bank'."
  • Challenger banks have been a disruptive phenomenon in many countries 'challenging' legacy banks by using new technology to make banking products more accessible.
  • "We want to give more loans without collateral and based on a borrower's real ability and intention to repay.

KBank in US$ 2.7 billion technology drive to expand banking to unbanked-underbanked Thais

Retrieved on: 
Martedì, Luglio 12, 2022
Technology, Income, Goal, NPL, SET, Social media, Privacy, KASIKORNBANK, BK, Intention, LCR, Documentation, Algorithm, Non-performing loan, Stock exchange, Investment, Moody, DNA, Mission statement, LINE, Renewable energy, Bank, Credit, Online shopping, Mobile phone, Cryptocurrency

BANGKOK, July 12, 2022 /PRNewswire/ -- KASINKORNBANK (KBank) has announced a US$ 2.7 billion strategic programme aimed at boosting access to banking services among Thailand's unbanked and underbanked population as well as very small businesses and the self-employed. The programme includes accelerated investments in technology, technology-related acquisitions, commercial partnerships, organisational development, as well as adopting other technology-driven methods to boost access to banking services among a broader range of the public.

Key Points: 
  • "We're already a bank that has the great strengths and reliability of a traditional bank serving a wide range of customers.
  • What we're now doing is to fuse on to that successful core the disruptive DNA of a 'challenger bank'."
  • Challenger banks have been a disruptive phenomenon in many countries 'challenging' legacy banks by using new technology to make banking products more accessible.
  • "We want to give more loans without collateral and based on a borrower's real ability and intention to repay.

DFC grants an up to 200 million USD loan to Vietnam's SeABank

Retrieved on: 
Mercoledì, Giugno 22, 2022
Private sector, Solution, Climate change, IFC, U.S. International Development Finance Corporation, Environment, Seabank Power Station, Technology, View, Lists of countries and territories, Health, Food security, SSB, Responsability investments, KASIKORNBANK, SME, DFC, Gender, Multimedia, OPEC, Woman, Online gambling, Bank

Among these projects, Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) is the only Vietnam-based bank to be approved an up to $200 million loan in order to encourage socioeconomic development in the country through supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis.

Key Points: 
  • Among these projects, Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) is the only Vietnam-based bank to be approved an up to $200 million loan in order to encourage socioeconomic development in the country through supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis.
  • U.S. International Development Finance Corporation (DFC) is an independent U.S. government's development finance institution.
  • Among the approved corporations in this quarter, SeABank is the first and only financial organization in Vietnam receives an up to $200 million loan to encourage socioeconomic development, particularly supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis one of the developmental strategies that SeABank prioritizes.
  • This showcases SeABank's commitment to sustainable development strategies, affirming its credibility, great impacts of sustainable projects as well as the acknowledgement of world-class financial organizations for SeABank.

DFC grants an up to 200 million USD loan to Vietnam's SeABank

Retrieved on: 
Mercoledì, Giugno 22, 2022
Private sector, Solution, Climate change, IFC, U.S. International Development Finance Corporation, Environment, Seabank Power Station, Technology, Lists of countries and territories, Health, Food security, SSB, Responsability investments, KASIKORNBANK, SME, DFC, Gender, OPEC, Woman, Online gambling, Bank

Among these projects, Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) is the only Vietnam-based bank to be approved an up to $200 million loan in order to encourage socioeconomic development in the country through supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis.

Key Points: 
  • Among these projects, Southeast Asia Commercial Joint Stock Bank ( SeABank , stock code: SSB) is the only Vietnam-based bank to be approved an up to $200 million loan in order to encourage socioeconomic development in the country through supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis.
  • U.S. International Development Finance Corporation (DFC) is an independent U.S. government's development finance institution.
  • Among the approved corporations in this quarter, SeABank is the first and only financial organization in Vietnam receives an up to $200 million loan to encourage socioeconomic development, particularly supporting women-owned, women-led corporations, SMEs, and addressing the climate crisis one of the developmental strategies that SeABank prioritizes.
  • This showcases SeABank's commitment to sustainable development strategies, affirming its credibility, great impacts of sustainable projects as well as the acknowledgement of world-class financial organizations for SeABank.