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Chat Luangarpa, its executive vice president, said the decision is aimed at addressing the demand for funds from businesses and retail customers amid the volatile economic situation.
KBank targets having a loan balance of $960 million in 2023.
It also aims to increase the user base of its K PLUS Vietnam app from 470,000 to 1.3 million this year.
KBank is one of the three largest lenders by assets ($122.9 billion at the end of 2022) in Thailand.
It was founded in 1945 and listed in 1976.
The founder's grandson, Banthoon Lamsam, and his family had a fortune of $1.19 billion as of last June, making them the 29th richest in Thailand, according to Forbes.
KBank opened a branch in HCMC in August 2022.
Its charter capital is the highest for any foreign bank after only Sumitomo Mitsui (VND7.5 trillion).
