Question 1

What is Kasikornthai Bank?

Accepted Answer

Kasikornthai Bank is a foreign-owned locally incorporated commercial bank operating in Laos. The bank is a subsidiary of KASIKORNBANK Public Company Limited, one of Thailand's largest and most established banking institutions.

KASIKORNTHAI BANK Limited (commonly known as KBank Lao) provides a comprehensive range of commercial banking services to both individual and corporate customers in the Lao PDR. The bank operates as part of KASIKORNBANK's broader "AEC+3" strategy, which focuses on creating network connectivity across the ASEAN Economic Community (AEC) plus China, Japan, and South Korea.

Question 2

When was Kasikornthai Bank founded?

Accepted Answer

Kasikornthai Bank was established in Laos on November 14, 2014, under Enterprise Registration No. 456/ERO granted by the Enterprise Registration Office of Lao PDR. The bank received its banking license (No. 32/BOL) on October 14, 2014, from the Bank of Lao PDR.

The establishment marked a significant milestone as KBank Lao became the first Thai commercial bank to establish a locally incorporated institution in Laos. The bank was founded with registered capital of LAK 300,000 million, with shareholders comprising KASIKORNBANK Public Company Limited and KASIKORN ASSET MANAGEMENT Company Limited.

Question 3

Where is Kasikornthai Bank headquartered?

Accepted Answer

Kasikornthai Bank's head office is located at Unit 12, Lane Xang Avenue, Xiangngeun Village, Chanthaboury District, Vientiane Capital, Lao PDR. The bank relocated its head office to this Lane Xang Avenue location in March 2017 from its original registered office at Ban Ponesinuan.

The bank maintains a second branch at Ban Ponesinuan, Unit 14, Sysattanak District, Vientiane Capital, which serves as an additional service point for customers.

Question 4

Where does Kasikornthai Bank operate?

Accepted Answer

Kasikornthai Bank operates exclusively in Vientiane Capital, the capital city of Laos. The bank currently maintains two branches in Vientiane: the Lane Xang Head Office and the Ponesinuan Branch.

Both locations are strategically positioned to serve the banking needs of Thai subsidiaries operating in Laos, local corporations, SMEs, and individual customers. The bank focuses on facilitating cross-border trade and business connectivity between Thailand and Laos, particularly given the significant bilateral trade relationship between the two countries.

Question 5

What services does Kasikornthai Bank offer?

Accepted Answer

Kasikornthai Bank provides a comprehensive suite of commercial banking services tailored to both business and individual customers. Services include international transfers, foreign exchange transactions, local and foreign currency deposit accounts (in Lao Kip, US Dollar, and Thai Baht), and both short-term and long-term lending facilities.

For corporate clients, the bank offers specialized services including supply chain solutions, trade finance, business advisory services, and financial solutions designed to support regional business connectivity and expansion. In 2018, the bank signed a Memorandum of Understanding with PTT (LAO) Co., Ltd to provide supply chain solutions to local petrol stations.

Digital banking services include the QR KBank mobile application for digital payments, e-Wallet services, and online banking platforms. The bank also provides specialized service centers for High Net Worth Individuals at both branches. Additionally, KBank Lao operates a call center and maintains a service point at Nong Chan Market for information and gift exchange services.

Question 6

What makes Kasikornthai Bank unique?

Accepted Answer

Kasikornthai Bank distinguishes itself through its role as a bridge between Thai and Lao economies, leveraging its parent company's extensive regional network. The bank is uniquely positioned to serve Thai businesses expanding into Laos while also supporting Lao companies looking to invest in Thailand or engage in international trade.

The bank's "Customer Centricity" philosophy emphasizes tailored products and services designed specifically for regional business connectivity. Its integration with KASIKORNBANK's broader AEC+3 network provides customers with access to banking services across Thailand, China, Myanmar, Cambodia, Vietnam, Indonesia, and Japan.

Remarkably, since its establishment in 2014 through 2018, KBank Lao maintained a 0% non-performing loan (NPL) ratio for four consecutive years, demonstrating exceptional credit risk management. The bank combines local market knowledge with international banking expertise through a team of both local and international staff.

Question 7

What type of financial institution is Kasikornthai Bank?

Accepted Answer

Kasikornthai Bank is a locally incorporated commercial bank (ທະນາຄານພານິຊ) in Laos. In the Lao banking system, a locally incorporated commercial bank is a foreign-owned institution that has been granted full banking privileges to operate as a legal entity registered in Laos, distinct from a foreign branch operation.

This classification allows the bank to conduct comprehensive commercial banking activities including deposit-taking, lending, foreign exchange, and trade finance within the regulatory framework established by the Bank of Lao PDR. As a locally incorporated institution, KBank Lao operates under Lao banking regulations while benefiting from the capital strength and international network of its parent company, KASIKORNBANK PCL.

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About Kasikornthai Bank in Laos

Kasiko­rnthai Bank