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Finance

Kasikornbank Public Co. Ltd.

Company Background

Kasikornbank is Thailand's fourth largest bank by assets. In 2003, it changed its former English name Thai Farmers Bank to the current name which is the same sound as the Thai name. It has over 1,000 branches nationwide and some overseas branches mainly in China. Eyeing the start of the Asean Economic Community in 2015, it is planning to expand into neighboring Asean countries such as Laos, Cambodia and Myanmar.

The bank was established in 1945 by ethnic Chinese Choti Lamsam as a small bank in Bangkok and went public in 1976. Expansion was backed by a strong customer base of farmers. It has the largest portfolio of loans to small and midsize enterprises among the country's four big banks.

Current Chairman Banthoon Lamsam is the grandson of founder Choti. In 2009, the bank increased its stake in Muang Thai Group Holding, a privately held insurance company that was founded by another member of the Lamsam family, to 51% and is cooperating in sales of insurance at its bank branches.

Business Summary

Kasikornbank Public Co. Ltd. engages in the commercial banking, securities, and other related businesses. It operates through the following segments: Corporate Business, Retail Business, Treasury and Capital Markets Business, Muangthai Group Holding Businesses, and Others. The Corporate Business segment provides financial products and services to the high net worth individuals, government and state enterprises, and financial institutions. The Retail Business segment consists of individual customers who use deposit account, debit and credit card, personal and housing loan, investment product and financial advisory services, and transactional banking services. The Treasury and Capital Markets Business segment comprises of capital markets and treasury business and supervises bank's business in overseas countries. The Muangthai Group Holding Business segment operates life insurance and life brokerage businesses. The Others segment deals with the other items which are not directly attributable to the main business groups. The company was founded by Choti Lamsam on June 8, 1945 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2020 THBUSD
Revenue260,929.76M8,337.70M
Gross Profit----
Operating income42,486.16M1,357.59M
Income before tax41,540.16M1,327.36M
Net income29,487.11M942.22M
EBITDA----
Diluted EPS12.420.39
Dividends Per Share2.500.07
Total Assets3,658.79B122,122.75M
Total liabilities3,183.06B106,243.68M
Total equity424,120.45M14,156.22M
Operating cash flow108,389.67M3,463.46M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 273,353.21M 286,062.63M 281,787.77M 282,430.09M 260,929.76M
Gross Profit -- -- -- -- --
Operating income 55,618.29M 48,401.29M 54,556.95M 57,160.13M 42,486.16M
Income before tax 55,678.99M 48,516.67M 54,553.28M 53,706.13M 41,540.16M
Net income 40,174.10M 34,338.24M 38,459.11M 38,726.74M 29,487.11M
EBITDA -- -- -- -- --
Diluted EPS 16.79 14.35 16.06 16.18 12.42
Dividends Per Share 4 4 4 5 2.50
Total Assets 2,843.27B 2,900.84B 3,155.09B 3,293.88B 3,658.79B
Total liabilities 2,489.36B 2,513.01B 2,737.26B 2,840.17B 3,183.06B
Total equity 321,746.11M 348,625.12M 376,297.55M 406,357.61M 424,120.45M
Operating cash flow 144,666.40M 146,121.95M 145,453.82M 119,551.13M 108,389.67M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 7,747.98M 8,430.08M 8,716.72M 9,097.50M 8,337.70M
Gross Profit -- -- -- -- --
Operating income 1,576.45M 1,426.35M 1,687.64M 1,841.21M 1,357.59M
Income before tax 1,578.17M 1,429.75M 1,687.53M 1,729.95M 1,327.36M
Net income 1,138.70M 1,011.92M 1,189.68M 1,247.44M 942.22M
EBITDA -- -- -- -- --
Diluted EPS 0.47 0.42 0.49 0.52 0.39
Dividends Per Share 0.11 0.11 0.12 0.16 0.07
Total Assets 79,397.89M 89,010.14M 96,900.82M 109,965.82M 122,122.75M
Total liabilities 69,514.99M 77,110.10M 84,068.45M 94,818.64M 106,243.68M
Total equity 8,984.68M 10,697.30M 11,557.04M 13,566.16M 14,156.22M
Operating cash flow 4,100.45M 4,306.12M 4,499.41M 3,850.92M 3,463.46M

Valuation Measures

Dec 2020
PER9.09
ROA0.84%
ROE7.10%
Operating margin16.28%
Profit margin11.30%

Key executives

  • Chief Executive Officer & Executive Director: Kattiya Indaravijaya
  • Co-President & Executive Director: Pipit Aneaknithi
  • Co-President & Executive Director: Patchara Samalapa
  • Co-President & Executive Director: Krit Jitjang
  • Co-President & Executive Director: Pipatpong Poshyanonda

Shareholders

  • Social Security Office of Thailand (2.8%)
  • The Caisse de depot et placement du Quebec (1.5%)
  • TMB Asset Management Co., Ltd. (1.5%)
  • GIC Pte Ltd. (Investment Management) (1.3%)
  • Orbis Investment Management Ltd. (1.3%)
  • Eastspring Investments (Singapore) Ltd. (1%)
  • Norges Bank Investment Management (0.5%)
  • First Sentier Investors (Hong Kong) Ltd. (0.4%)
  • APG Asset Management NV (0.3%)
  • Somerset Capital Management LLP (0.2%)

Contact Details

  • Website:http://www.kasikornbank.com
  • Address: 1 Soi Rat Burana 27/1, Rat Burana Rd, Rat Burana Sub-District, Bangkok, 10140, Thailand
  • Phone: +66.2.222.0000

Related Companies

  • Registered Provident Fund of Kasikornbank
  • Kasikornbank China Co. Ltd.
  • Beacon Venture Capital LTD
  • Kasikorn Business-Technology Group
  • KASIKORNTHAI BANK Ltd.
  • Kasikornbank Public Co. Ltd. (Shenzhen Branch)
  • Kasikornbank Public Co. Ltd. (Los Angeles Branch)
  • Starbright Finance Co., Ltd.
  • Kasikornbank Public Co. Ltd. (Cayman Islands)
  • Kasikornbank Public Co. Ltd. (Hong Kong Branch)
  • Thanyathamrongkij Co. Ltd.
  • Kasikorn Research Center Co. Ltd.
  • Progress Training Co. Ltd.
  • KHAO KLA Venture Capital Management Co. Ltd.
  • Thanyanithiwattana Co. Ltd.
  • Thanyathanathavee Co. Ltd.
  • Kasikorn Factory & Equipment Co. Ltd.
  • Kasikorn Factoring Co. Ltd.
  • Progress Software Co. Ltd.
  • Kasikorn Leasing Co. Ltd.
  • Kasikorn Securities Public Co. Ltd.
  • Kasikorn Asset Management Co. Ltd.

Competitors

  • TISCO Financial Group Public Co. Ltd.
  • Bank of Ayudhya Public Co., Ltd.
  • Kiatnakin Phatra Bank Public Co. Ltd.
  • Krung Thai Bank Public Co., Ltd.
  • LH Financial Group PCL
  • Siam Commercial Bank Public Company Limited
  • Mega Financial Holding Co., Ltd.
  • Sumitomo Mitsui Trust Holdings, Inc.
  • CIMB Group Holdings Bhd
  • United Overseas Bank Ltd. (Singapore)
  • Bangkok Bank Public Company Limited
  • Bank of China Limited Class H
  • Industrial and Commercial Bank of China Limited Class H
  • TMB Bank Public Company Limited
  • Australia and New Zealand Banking Group Limited
  • Standard Chartered PLC
  • Mitsubishi UFJ Financial Group, Inc.
  • KGI Securities (Thailand) Public Co., Ltd.
Last Updated on 9 Apr, 2021

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