Thai banks step up push for licences in Myanmar

ALL FOUR THAI banks in Myanmar are intensifying their efforts to secure banking licences in the belief that opening up of the industry will proceed despite opposition for local players. Representatives of Kasikornbank (KBank) and Krungthai Bank (KTB) recently joined conferences in Yangon, speaking their minds on what their banks have to offer to the […]

Thailand Kasikornbank focuses on wealthy business owners in Laos and Myanmar

Kasikornbank (KBank) aims to target affluent customers in neighbouring countries as part of its efforts to push towards 10% growth in assets under management (AUM) for its wealth management business this year.  Laotian business owners key Executive vice-president Pakorn Partanapat said wealth among Laotian business owners is increasing, propelled by their dynamic economic growth. This […]

Thai banks line up for licences in Myanmar

The banking industry in Myanmar is a key strategic destination for Thai commercial banks as they plan for Asean integration after the Myanmar authority allows foreign banks to apply for operating licences there.  Myanmar’s central bank said 42 foreign financial institutions with representative offices there applied for its restricted banking licences. The four largest Thai […]