ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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 and World Business Group, Muang Thai 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 and World Business Group segment involves in capital markets and treasury business and supervises bank's business in overseas countries. The Muang Thai Group Holding Business segment includes a group of companies that operates insurance and 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 2022 THBUSD
Gross Profit----
Operating income45,855.48M1,307.42M
Income before tax46,470.48M1,324.95M
Net income35,769.49M1,019.85M
Diluted EPS15.090.43
Dividends Per Share40.11
Total Assets4,246.36B122,603.40M
Total liabilities3,694.83B106,679.33M
Total equity487,720.70M14,081.73M
Operating cash flow164,340.39M4,685.63M
Currency in THBCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 281,787.77M 282,430.09M 260,929.76M 267,408.78M 275,613.85M
Gross Profit -- -- -- -- --
Operating income 54,556.95M 57,160.13M 42,486.16M 52,667.18M 45,855.48M
Income before tax 54,553.28M 53,706.13M 41,540.16M 52,667.18M 46,470.48M
Net income 38,459.11M 38,726.74M 29,487.11M 38,052.72M 35,769.49M
EBITDA -- -- -- -- --
Diluted EPS 16.06 16.18 12.42 16.06 15.09
Dividends Per Share 4 5 2.50 3.25 4
Total Assets 3,155.09B 3,293.88B 3,658.79B 4,103.39B 4,246.36B
Total liabilities 2,737.26B 2,840.17B 3,183.06B 3,582.27B 3,694.83B
Total equity 376,297.55M 406,357.61M 424,120.45M 461,164.53M 487,720.70M
Operating cash flow 145,453.82M 119,551.13M 108,389.67M 114,826.15M 164,340.39M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 8,716.72M 9,097.50M 8,337.70M 8,352.28M 7,858.24M
Gross Profit -- -- -- -- --
Operating income 1,687.64M 1,841.21M 1,357.59M 1,645.01M 1,307.42M
Income before tax 1,687.53M 1,729.95M 1,327.36M 1,645.01M 1,324.95M
Net income 1,189.68M 1,247.44M 942.22M 1,188.54M 1,019.85M
EBITDA -- -- -- -- --
Diluted EPS 0.49 0.52 0.39 0.50 0.43
Dividends Per Share 0.12 0.16 0.07 0.10 0.11
Total Assets 96,900.82M 109,965.82M 122,122.75M 122,837.85M 122,603.40M
Total liabilities 84,068.45M 94,818.64M 106,243.68M 107,237.62M 106,679.33M
Total equity 11,557.04M 13,566.16M 14,156.22M 13,805.25M 14,081.73M
Operating cash flow 4,499.41M 3,850.92M 3,463.46M 3,586.49M 4,685.63M

Valuation Measures

Dec 2022
Operating margin16.63%
Profit margin12.97%


  • Chief Executive Officer & Executive Director: Kattiya Indaravijaya
  • President & Director: Chongrak Rattanapian
  • Chief Financial Officer: Sansana Sukhanunth
  • Executive Vice President-Internal Audit: Surasak Dudsdeemaytha
  • Head-Compliance & Senior Vice President: Phaisarn Vorasetsiri


  • Social Security Office of Thailand (2.4%)
  • Norges Bank Investment Management (1.6%)
  • Kasikorn Asset Management Co., Ltd. (1.4%)
  • APG Asset Management NV (0.9%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (0.8%)
  • SCB Asset Management Co., Ltd. (0.7%)
  • MFS International (UK) Ltd. (0.5%)
  • Eastspring Asset Management (Thailand) Co., Ltd. (0.4%)
  • Orbis Investment Management Ltd. (0.4%)
  • Krungsri Asset Management Co., Ltd. (0.4%)

Contact Details

  • Website:
  • Address: 1 Soi Rat Burana 27/1, Rat Burana Rd, Rat Burana Sub-District, Bangkok, 10140, Thailand
  • Phone: +

Related Companies

  • Kasikorn Vision Financial Co. Pte Ltd.
  • Kasikorn Vision Company Limited
  • KASIKORN Global Payment Co., Ltd.
  • Progress Gunpai Security Guard Co., Ltd.
  • Progress Multi Insurance Broker Co., Ltd.
  • Beacon Interface Co., Ltd.
  • Kasikorn Vision Information Technology Co., Ltd.
  • Progress Service Security Guard Co., Ltd.
  • AI GEN Co., Ltd.
  • Registered Provident Fund of Kasikornbank
  • KASIKORNBANK (China) Co., Ltd.
  • Beacon Venture Capital LTD
  • Kasikorn Business-Technology Group
  • Kasikornbank Public Co. Ltd. (Shenzhen Branch)
  • Kasikornbank Public Co. Ltd. (Los Angeles Branch)
  • Starbright Finance Co., Ltd.
  • Kasikornbank Public Co. Ltd. (Cayman Islands)
  • PT Bank Maspion Indonesia Tbk
  • 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.
  • Phethai Asset Management Co., Ltd.
  • Progress Storage Co., Ltd.


  • CIMB Thai Bank Public Co. Ltd.
  • TISCO Financial Group Public Co. Ltd.
  • Bank of China Limited Class H
  • LH Financial Group PCL
  • SCB X Public Company Limited
  • Kiatnakin Phatra Bank Public Co. Ltd.
  • Industrial and Commercial Bank of China Limited Class H
  • United Overseas Bank Limited
  • Sumitomo Mitsui Trust Holdings, Inc.
  • Bank of Ayudhya Public Co., Ltd.
  • Krung Thai Bank Public Co., Ltd.
  • Bangkok Bank Public Company Limited
  • Standard Chartered PLC
  • TMBThanachart Bank Public Company Limited
  • Mega International Commercial Bank Public Co., Ltd.
Last Updated on 21 Sep, 2023

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more