Kasikornbank CEO Says Need to Do More Provisions for 2020

The transcript discusses the Bank of Thailand's actions and the bank's strategy for provisioning losses due to COVID-19. It highlights the bank's commitment to overseas expansion using an asset-light strategy, aiming for significant market share and control in foreign entities like Maspion Indonesia. The bank faces margin pressure due to low rates and COVID-19's impact on loans, particularly in the SME segment. Cost management and productivity improvements are ongoing, focusing on process reengineering and enhancing sales staff effectiveness.

What is the significance of having a sizable market share in the banking sector?

How is the Bank of Thailand's actions impacting the bank's operations?

What cost management strategies have been implemented in the bank over the past few years?