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COM7, KBank link up for expansion of BaNANA store branches

May 07. 2018
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By The Nation

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COM7 has teamed up with Kasikornbank to expand the BaNANA store chain and cater to the modern lifestyle, enabling the new generation to access IT products and services more conveniently. 

The duo are confident that the collaboration is a win-win strategy, contributing to greater efficiency in expanding distribution channels, cutting costs and boosting business opportunities. 

COM7 and KBank have received positive feedback since launching their first joint BaNANA pilot branch in Yasothon. 

Building on the upbeat momentum, the two plan to have 20 venues with KBank mini-branches of BaNANA by the year’s end, unveiling a new dimension with more diverse retail business and comprehensive financial services in Thailand, Sura Khanittaweekul, chief executive officer of COM7, said on Monday.

The listed company is targeting to achieve 600 branches under its management by the end of the year, up from 434 last year, representing the strength of its excellent products, services that reach out to customers nationwide and being able to add value to other businesses, he added.

COM7 has set an income-growth target of not lower than 15 per cent for this year, the CEO said.

Last year’s income came in at Bt22.584 billion and net profit at Bt608.8 million, both record highs for the business.

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