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Thailand's Kasikornbank seeks to expand range of services.

Bangkok Post (Bangkok, Thailand)

| August 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Aug. 3--Kasikornbank wants to acquire a securities licence and expand into the hire-purchase market as part of its bid to become a universal bank offering a one-stop financial service for clients, according to bank president Prasarn Trairatvorakul.

Dr Prasarn said the company would seek to purchase only a licence, rather than look for joint venture opportunities or acquire an existing operation.

"We will only buy a business licence, and set up a new team on our own. We have the human resources to run a securities business for wholesale and equity investment banking," he said.

"Buying a licence is cheaper ...

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