The trade war is eating away at the bank's trade finance segment. (Photo by Pormprom Satrabhaya)Kasikornbank (KBank) has tightened loan approvals for China-related businesses amid heightening US-China trade tensions, which are pressuring the bank's trade finance segment. KBank, the country's second largest lender by assets, collaborates with China Minsheng Banking Corporation to operate in China under a local banking licence. Mr Pipit said the trade spat has also dealt a blow to the bank's trade finance business and reduced its trade finance exposure, especially exports to China. With an inverse process for digital loans compared with traditional personal loans, the bank will transfer the credit line to customers using data analytics.

Source: Bangkok Post May 22, 2019 23:12 UTC