KBank eyes 25% of B150bn flood-recovery business loans-树池盖
KBank eyes 25% of B150bn flood-recovery business loans,沟盖板
Published: 30/11/2011 at 12:00 AM
Newspaper section: Business
Kasikornbank (KBank) projects corporate loan demand for post-flood business recovery will amount to 150 billion baht next year, with itself lending 25% of the total.
The strong economic momentum will continue to provide greater business opportunities for corporate customers and financial services next year, says Mr Vasin. NATTHITI AMPRIWAN
Vasin Vanichvoranun,Thailand’s Thongchai in floods appeal-铁亮丝电焊网, an executive vice-president, said seven sectors are expected to seek major financial support for rehabilitation, including automobiles and auto parts, electronics and property.
So far 1,420 of KBank’s large corporate customers affected by the crisis have asked for additional credit lines worth a combined 15 billion baht.
Mr Vasin said flood-hit customers will not increase non-performing loans thanks to KBank’s relief package offerings, plus most are financially stable enough to continue servicing their debts.
The debt-to-equity ratio of the flood-affected customers is relatively low, in the range of 1.3 to 1.6 times.
As well, wholesale clients are expected to require 1.2 trillion baht next year for business recovery and domestic and international expansion, as well as debt repayment and refinancing.
KBank expects its share from all of these markets to increase to 25% from 22% now.
To this end, it has set a 2012 corporate loan growth target of 9% for next year based on next year’s 4.3% growth projection for Thailand’s gross domestic product.
“The strong economic momentum will continue to provide greater business opportunities for corporate customers and the bank’s financial services next year, both locally and internationally,” said Mr Vasin.
KBank, the country’s third-largest institution by assets,镀锌钢格板, has set a goal of nine merger and acquisition deals, 75 long-term loan agreements, 21 bond offering deals,树池盖, five initial public offerings and 43 foreign business expansion contracts next year.
This will help to contribute to revenue growth of 20% from wholesale banking and 22% from fee-based income.
For the first nine months of this year, KBank booked corporate loan growth of 10% for a combined loan portfolio worth 353 billion baht.
Military Barriers/Hesco Bastions
The QIAOSHI’s Military Barriers or Hesco Bastions is a modern gabion used for flood control and military fortification. It is made of a collapsible wire meshes container and heavy duty fabric liner, and used as a temporary to semi-permanent dike or barrier against blast or small-arms. One of the less heralded life- and labor-saving devices of war, it is used on nearly every United States Military base in Iraq as well as on NATO bases in Afghanistan.
Originally designed for use on beaches and marshes for erosion and flood control, the Hesco Bastion quickly became a popular security device in the 1990s.
Assembling the Hesco Bastion entails unfolding it and (if available) using a front end loader to fill it with sand, dirt or gravel. The placement of the barrier is generally very similar to the placement of a sandbag barrier or earth berm except that room must generally be allowed for the equipment used to fill the barrier. The main advantage of Military Barrier, strongly contributing to their popularity with troops and flood fighters, is the quick and easy setup. Previously,UTCC Q1 growth hinges on post-flood measures-HESCO, people had to fill sandbags,Flood-weary residents vent fury-Hesco Bastion, a slow undertaking, with one worker filling about 20 sandbags per hour. Workers using Military Barrier and a front end loader can do ten times the work of those using sandbags.
The Hesco Barrier come in a variety of sizes. Most of the barriers can also be stacked, and they are shipped collapsed in compact sets. Example dimensions of typical configurations are 46″ x 36″ x 32 (1.4m x 1.1m x 9.8m) to 7 x 5 x 100 (2.1m x 1.5m x 30m).
A new system of Hesco Bastion developed specially for military use is deployed from a container, which is dragged along the line of ground where the barrier is to be formed, unfolding up to several hundred meters of barrier in minutes, ready for filling with soil by a backhoe.
Filled with sand, 60 centimetres (24 inches) of barrier thickness will stop rifle bullets and shell fragments. It takes 1.5 metres (five feet) of thickness to prevent penetration by a rocket propelled grenade round. Approximately 1.2 metres (four feet) of thickness provides protection against most car bombs.
Tags: hesco barrier,hesco bastion,steel wire mesh