Bangkok--29 Oct--KASIKORNBANK
Recently at Plaza Athenee Bangkok, A Royal Meridien Hotel, KASIKORNBANK CEO Mr. Banthoon Lamsam signed an MOU with six Chinese partner banks in developing and offering an international factoring service for importers and exporters conducting Sino-Thai trade. Under this cooperation, customers will be offered business loans which will help reduce international trade risks, in addition to the service of debt collection from trade receivables. It is expected that factoring transactions under this agreement will reach 29 billion Baht.