Kasikorn, Minsheng collaborate for new product

The two banks set to launch new loan plan to solve financing woes of SMEs.

Kasikorn Bank and China Minsheng Banking Corporation Ltd. will team up to launch a loan plan to help medium- and small-sized companies resolve problems in financing according to a report in Trading Markets.

The two banks jointly researched a SME credit rate system and a series of innovative products catering to medium- and small-sized companies, explained an executive for Minsheng Banking.

The global economy recovery is still unstable and will make impacts on export-oriented medium- and small-sized companies. Thus, it is important to support the companies at the moment, noted Banthoon Lamsam, chief executive officer of Kasikorn Bank.