Bangkok--13 Oct--KBank
KASIKORNBANK (KBank) is now the only company in Thailand that has been praised by Forbes Asia Magazine as one of the ‘Asian Fab 50’ this year, thanks to the Bank’s remarkable performance results in loan growth, fee income and healthy business expansion, despite the nation’s economic volatility.
Dr. Prasarn Trairatvorakul, President of KASIKORNBANK, revealed that Forbes Asia Magazine’ second fortnight issue of September 2008 announced the Asian Fab 50 of 2008. KBank is the only Thai company among the top 50 companies honored by Forbes Asia.
KBank has been praised for its outstanding operating performance with healthy loan growth of 10.5 percent over the end of 2007, and fee income growth of 30 percent YoY. Forbes Asia Magazine also honored KBank for its ability to turn the country’s economic problems of rising inflation and a volatile SET into an opportunity by the offering savings and investment advisory services to high net-worth clients.
The fact that Forbes Asia magazine, the world’s leading business magazine, has selected KASIKORNBANK as one of the Asian Fab 50 fills KBank with pride for the bank and for Thailand. This reflects the distinctive vision of the Bank’s management, focusing on stable and balanced growth, plus customer-centric service. Therefore, the Bank has been able to develop a wide variety of services to meet the diverse need of customers, superior to peers.
Forbes Asia magazine’s Asian Fab 50 ranking is based on long-term profitability, sales and earnings growth, stock prices and projected earnings of listed companies with market capitalizations of at least USD5 billion across the Asian-Pacific region. High-performance companies among the top 50 companies include 13 Chinese companies, 10 Indian companies, 7 Australian companies, 6 Taiwanese companies, 5 Hong Kong Companies, 3 Japanese companies, 2 South Korean companies, and one each from the Philippines, Indonesia, Malaysia and Thailand.