KBank offers helping hand to exporters by US tariffs

As part of its efforts to mitigate the impact of the US tariffs on Thai exports, Kasikornbank (KBank) is assisting export clients in exploring new international markets to minimise potential disruption.

- SOMRUEDI BANGCHONGDUANG

Following the US's imposition of a 36% reciprocal tariff on Thai exports, KBank initially assessed that clients in the export and manufacturing sectors would be most affected by risk, said chief executive Kattiya Indaravijaya during the bank's shareholder meeting on April 9.

However, US President Donald Trump subsequently announced a 90-day suspension of tariffs for most nations.

Based on the 36% tariff, KBank categorised clients by risk level to provide tailored support.

"We immediately engaged with potentially affected clients, helping them to identify alternative export markets," said Ms Kattiya.