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KBank gets Cambodian license

Kasikornbank, Thailand’s fourth-largest bank by assets, has received a licence to open its first branch in Cambodia. The bank confirmed it has received the approval from the National Bank of Cambodia and tht it plans to operate the branch as soon as it can. The bank would begin with one branch in Phnom Penh. Kasikornbank, or KBank, currently operates a representative office in Cambodia. It will be the 37th commercial bank operating in the Kingdom. It will also join the three other Thai banks that already established a presence in the Kingdom – Bangkok Bank, Krungthai Bank and Siam Commercial Bank.

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