Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%

The Thai bank is injecting an additional US$226m in Bank Maspion.

Kasikornbank has acquired additional investments in PT Bank Maspion Indonesia, increasing its stake to 84.55%.

The Thai bank is injecting an additional THB8b (over US$226m) into the Indonesian bank. After this, its total capital injection will stand at THB15.441b or approximately US$437m.

This strategic move will contribute significantly to the continuous growth of Bank Maspion, strengthening its operations and enhancing its customer service capabilities, whilst fortifying KBank’s position as the controlling shareholder of Bank Maspion, the bank said in a press release.

ALSO READ: Thailand’s KBank has issued U$546m in sustainable financing

The move also reinforces KBank’s goal of becoming the largest bank in East Java.

The capital injection is in alignment with KBank’s goal to become A Regional Bank of Choice within AEC+3, said Pattarapong Kanhasuwan, Chairman of KASIKORN VISION FINANCIAL COMPANY.

“The effort is in line with KBank’s goal of becoming the largest bank in East Java by 2027,” he added.

Follow the link for more news on

KASIKORNBANK

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit