Kasikorn Bank widens China reach

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.