Kasikornbank (KBank) is in the process of injecting fresh funds into its Lao branches, with the recapitalisation set for next month, said Barvorn Srisangatrakul, first vice-president of world business group. Under the amended regulations, the Lao central bank requires foreign commercial banks to raise their minimum registered capital from 50 billion kip (US$5.8 million) to 30 billion kip. The Lao central bank allows commercial banks to increase capital either on a one-time basis or in phases over the five-year period. In 2023, KBank's registered capital for branches in Laos will be $63 million, exceeding the minimum requirement, Mr Barvorn said. BBL, Thailand's third-biggest bank, has the largest international banking network for a Thai bank, with 32 foreign branches.

Source: Bangkok Post November 10, 2019 23:34 UTC