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KBank upbeat on lending

News Summed Up 2019-11-08 05:30:00

KBank upbeat on lendingKasikornbank (KBank) is bullish on its retail banking business, setting an aggressive loan growth target of 9-11% next year. KBank, the country's second-largest lender by assets, aims for total loan growth of 4-6% in 2020, compared with 5-7% growth this year. Corporate loans are expected to expand 2-4%, SME business loans 1-3% and retail loans 9-11%. KBank's data-driven strategy under a partnership model with international digital platforms will be the key factor facilitating digital loan growth and retail banking business. KBANK shares closed yesterday on the Stock Exchange of Thailand at 152.50 baht, up 1.50 baht, in trade worth 1.42 billion baht.