Kasikornbank (KBank) is spinning off its investment business to a new entity with the aim of making profits of 5 billion baht over the next three years, paving the way for new S-curve business in the long run. KBank has set up Kasikorn Investure Co (KIV), a holding company under KBank Group, offering financial services to individuals and entrepreneurs in small businesses, with a focus on underserved customers who have difficulty accessing loans from banks. The financial services offered by KIV include digital payments as well as commercial and consumer loans, said KBank chief executive Kattiya Indaravijaya. She said the restructuring would give KBank greater flexibility to grow retail loans under the new digital-based business model. Partnership is a key strategy to facilitate the business expansion and minimise both the price-earnings ratio and credit costs.
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