KBank teaming with Com7 to expand the BaNanas IT stores
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Com7 has teamed with Kasikornbank (KBank) to expand the BaNana store chain, enabling younger consumers to access IT products and services more conveniently.
Their first joint BaNana pilot branch was in Yasothon, and the two companies plan to have 20 more mini-branches by year’s end offering more diverse retail business and comprehensive financial services in Thailand, says Com7 CEO Sura Khanittaweekul.
The listed company aims to achieve 600 branches under its management by the end of the year, up from 434 last year. Com7 has set an income-growth target of not less than 15 per cent for this year. Last year’s income came in at THB22.584 billion and net profit at THB608.8 million, both records for the business.
Questions & Answers
Q.What is the primary objective of the partnership between Com7 and KBank?
What is the primary objective of the partnership between Com7 and KBank?
The partnership aims to expand the BaNana store chain, making IT products and services more accessible and convenient for younger consumers in Thailand. They will offer diverse retail business and comprehensive financial services through their joint branches.
Q.How many new BaNana mini-branches do Com7 and KBank plan to open this year?
How many new BaNana mini-branches do Com7 and KBank plan to open this year?
After their first pilot branch in Yasothon, Com7 and KBank plan to open 20 more BaNana mini-branches by the end of the year. These new branches will be located across Thailand.
Q.What financial performance did Com7 achieve last year?
What financial performance did Com7 achieve last year?
Com7 recorded an income of THB22.584 billion and a net profit of THB608.8 million last year. Both figures represent record achievements for the business, as stated in the article.
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