Asean+3 Banking Initiative launched
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Kasikornbank and 35 allied banks today launched the Asean+3 Banking Initiative, aimed to enhance service provision for customers seeking to conduct cross-border transactions in light of the Asean Economic Community (AEC).
KBank Chairman Banthoon Lamsam said that as AEC will allow freer movements of capital, goods and services, which will stimulate economic activities within the ASEAN+3 bloc, it is essential that commercial banks in the region rapidly adjust to customers’ changing needs in order to provide cross-border trade advisory with in-depth information and banking innovative products through efficient channels.
The 35 allied banks are located in nine countries - Thailand, China, Japan, South Korea, Indonesia, the Philippines, Cambodia, Vietnam and Laos. All will share their expertise and experience to develop the banking business. The landmark agreement is the first of its kind to bring Asean banking to the international level.
The collaboration on banking products and services, as well as financial human resources development, will be through Taksila Asean Banking Forum – a platform where expert bankers join to develop training courses and share their experience, aiming to reinforce cooperation on financial transactions and to offer international standard banking services.
Two programmes will be launched: (1) Taksila Asean Banking Forum Leadership Program 2015 for top executives and future leaders with potential, and (2) Taksila Asean Banking Forum Banking Expertise Program 2015 for banking product specialists and top managers who lead product development and service deliveries.
