Kasikornbank is expanding its collaboration with China Minshen Banking Corporation (CMBC) to increase its Chinese loan portfolio. The two financial institutions yesterday signed an agreement on business co-operation by merging networks to allow cross-border financial services among the two banks. Both parties want lending of 6 billion baht this year to Chinese small and medium-sized enterprises. KBank chief executive officer Banthoon Lamsam said its loan portfolio under the joint credit provided for China’s SMEs measured around Bt900m.
Kasikorn Bank widens China reach
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