Thailand’s KBank earmarks $5.53b for sustainable funding, loans

The bank says it will grant the funding and loans to 1.

The bank says it will grant the funding and loans to 1.9 million small pocket customers.

Kasikornbank or KBank has outlined targets to disburse $5.53b (THB200b) in sustainable funding and loans and become an ESG leader amongst banks in Southeast Asia.

In a press release, KBank said that it plans to disburse the sustainable funding to 1.9 million small pocket customers as a means to improve their access to financing.

To date, KBank has granted over $443.7m (THB16b) in sustainable financing and investments. Over $636m (THB23b) have been handed out to 500,000 small-pocket customers as of September 2022.

The bank also now processes all project finance and commercial loans for medium and large enterprises through an ESG risk assessment procedure.

KASIKORNBANK

ESG in Banking

sustainable financing

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