Thailand's KBank teams with Japan lender to develop food industry

Tokyo-based Norinchukin Bank expands its regional presence via the partnership

20200224N Thai farm

A strawberry farm in Thailand: Kasikornbank, which has its roots as a farm lender, plans to help local agricultural companies move up the value chain. © Reuters

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Thailand's Kasikornbank and Japan's Norinchukin Bank will pool their strengths in agricultural finance, offering joint lending and other services to farm and food-related businesses.

The two banks, which signed a broad partnership on Monday, also look to match clients in both countries to support deals such as technology transfers as well as merger and acquisition consulting.

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