KBank changes logo, Chinese name

The change of the Chinese name was approved by a shareholders’ meeting yesterday.
Banthoon Lamsam, president and chief executive officer of KBank, said it was focusing more on doing business in China, and the new Chinese name would improve engagement with customers there. Feng shui was also taken in to consideration in the name change.
The bank has also redesigned its logo. While the Thai name remains in the same position, the name below is its new Chinese name, followed by the English name. Earlier the Thai name was followed by the English name first, and then the Chinese.
Banthoon said shareholders were told that the bank had no need to increase its registered capital from Bt30.48 billion.
KBank’s BIS (Bank of International Settlements) capital adequacy ratio is 14.73 per cent, while Tier I is 10.56 per cent, higher than the central bank requirement for BIS of 8.5 per cent and Tier I of 4.5 per cent.
Based on gross domestic product growing by 5 per cent this year, lending should grow by 7-9 per cent, which would ensure the bank’s financial stability.
As long as banks have loan growth of 7-9 per cent per annum, their capital is enough to deal with the global volatility, he added.
Banks increase registered capital when they have excessive non-performing loans, which Thai banks experienced during the economic crisis of 1997.
Banthoon said KBank would continue to maintain loan quality and develop new products and services to maintain a net interest margin higher than the market average.