Bangkok, Thailand, January 12, 2026—As part of continuing efforts to promote sustainable, resource-efficient practices and promote job creation, the International Finance Corporation (IFC), a member of the World Bank Group, is investing up to US$100 million in a green bond issued by KASIKORNBANK Public Company Limited (KBank), one of Thailand's largest commercial banks. This is IFC’s first investment in KBank.
The bond is expected to reduce pollution and improve environmental standards, while creating jobs and supporting innovation across priority sectors. Proceeds of the bond will be used to support the growth and diversification of KBank’s sustainable assets, including green buildings and electric vehicles.
Dr. Karin Boonlertvanich, Executive Vice President of KASIKORNBANK said “This partnership will enhance our clients’ business capabilities in adopting low-carbon technologies that help reduce greenhouse gas emissions, strengthen global competitiveness, and offer Thais greater access to green lifestyles, ultimately driving Thailand towards its Net Zero target.”
Beyond financing, IFC has been working with KBank on knowledge sharing and capacity building initiatives aimed at diversifying the bank’s sustainable assets and strengthening its environmental and social (E&S) practices.
The partnership with KBank is expected to support a strategic shift toward sustainability and efficiency for industries and companies, particularly those in sectors essential to core aspects of local economic development, including mobility, housing, and infrastructure.
“We are pleased to partner with KBank to promote sustainable finance and help build a resilient future for Thailand,” said Allen Forlemu, IFC Regional Industry Director, Financial Institutions Group, Asia & Pacific. “By mobilizing capital toward sustainable assets, Thailand can mitigate risks and unlock new pathways for innovation, job creation, and competitiveness.”
The latest investment is part of the World Bank Group’s broader engagement with Thailand leading up to the IMF–World Bank Group Annual Meetings, which will be held in October 2026 at the Queen Sirikit National Convention Center in Bangkok.
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2025, IFC committed a record $71.7 billion to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
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About KASIKORNBANK
KASIKORNBANK PUBLIC COMPANY LIMITED operates business in line with the principles of a Bank of Sustainability, focusing on delivering sustainable value to all stakeholders. This is achieved through good corporate governance and appropriate risk and cost management. KBank has unveiled our “3+1 Strategy and Productivity”, building our strengths and enhancing our capabilities in several areas. Our strategic priorities are to reinvigorate credit performance, scale our capital-lite fee income business, and strengthen and pioneer sales and service models to reaffirm K PLUS’s leadership. Concurrently, the Bank has implemented strategies to help create new revenue in the medium- and long-term, while also enhancing our competitiveness via key enablers including technology, scalable data and analytics, and being a performance-driven organization. For more information, visit www.kasikornbank.com.
Contacts
IFC
KASIKORNBANK
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