KASIKORNBANK
Kasikornbank (KBank), Thailand’s fourth-largest commercial bank by assets, adopted the late King’s sufficiency economy philosophy as a guideline for its business operations. The bank has applied corporate governance principles and appropriate risk management to strike a balance between business, social responsibility, and the environment in meeting its mission to share value to society, the community and the country.
KBank provides financial management for business customers and encourages personal loan borrowers to refrain from overspending, using financial discipline.
The bank tries to extend loans prudently, helping customers with debt repayment in a disciplinary manner, aiming to strike a balance between sufficiency and sustainability in the long run.
Following the late King’s guidelines, KBank has tried to increase access to financial services for Thais and provide financial literacy and savings discipline to interested individuals including youths.
For environmental causes, the bank strives to protect and restore forests by increasing forest areas, particularly in Nan province. KBank has implemented an alternative career programme, helping people in the local community to reserve forestry resources and build up environmental awareness among youths in Nan.
Another facet of its environmental agenda has the bank seeking to reduce greenhouse gas emissions by 20-25 percentage points by 2020 and providing financial support to renewable energy businesses including solar farms, hydropower, wind power and biomass.