RETAIL BANKING | Cesar Tordesillas, Indonesia

Thailand's KBank partners with Indonesia's BCA

Thailand's Kasikornbank has teamed up with Indonesia's Bank Central Asia in offering financial services to Thais doing business in Indonesia.


"We want our clients investing in Indonesia and other countries to obtain our suggestions and guarantee services," said Somkiat Sirichatchai, senior executive vice president of KBank.

BCA operates 900 branches across Indonesia, which is drawing huge investment on the International Monetary Fund’s forecast that its economy would expand 6.1 per cent in 2013. That is the highest growth rate among Asean nations.

Under the memorandum of understanding, KBank hopes to maximise benefits for its retail and corporate customers.

"In addition to financial services, we will work together to organise seminars, business matching and employee exchange programmes," Somkiat said.

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