FINANCE
KBank more discerning with new SME customers
- Published: 2 Jun 2012 at 00.00
- Newspaper section: Business
Kasikornbank (KBank), the leader in small and medium-sized enterprise (SME) loans, has been forced to change its strategy for the segment in light of more intense competition.
The lender is paying closer attention to the asset quality of SMEs while turning down customers seeking to refinance debt from other banks.
Patchara Samalapa, an executive vice-president, said KBank has gradually reduced its SME debt-refinancing portfolio from an earlier ratio of 30% of total new loans.
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