KBank offers Bt3-bn loan facility to Lao power state enterprise
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KASIKORNBANK (Kbank) has extended Bt3 billion in syndicated loan to the power state enterprise of Lao to finance its electricity network enhancement and expansion into the country’s rural areas, as well as power exports to adjacent countries.
The move marks KBank’s growing role in public utility development of our neighbouring countries, where there is vast room for further improvement.
The bank’s senior executive vice president Patchara Samalapa said KBank is aware of the economic opportunity and potential of Lao, where public utility development is needed to serve its rapid expansion. One area with potential is the electricity industry, in which the country stands out as one of Asean’s major producers and exporters.
This makes the building of related infrastructure an important step towards the country’s power advancement. Amid these developments, KBank has played a crucial role in providing financial advisory service and facilities to many Lao power projects.
