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Finance

Kasikornbank Public Co. Ltd.

  • 214.00 THB
  • -1.00
  • -0.47%
  • Thailand
    Aug 17, 2018
  • Ticker
    BKK(KBANK)
  • Prev. close
    215.00
  • Market cap (THB)
    514,551M
  • Market cap (USD)
    15,475.20M
  • Shares
    2,393.26M

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, Retail, Treasury and Capital Markets, and Muangthai Group Holding Businesses. 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 company was founded on June 8, 1945 and is headquartered in Bangkok, Thailand

Financial Highlights

Dec 2017 THBUSD
Revenue286,062.63M8,430.08M
Gross Profit----
Operating income48,401.29M1,426.35M
Income before tax48,516.67M1,429.75M
Net income34,338.24M1,011.92M
EBITDA----
Diluted EPS14.350.42
Dividends Per Share40.11
Total Assets2,900.84B89,010.14M
Total liabilities2,513.01B77,110.10M
Total equity348,625.12M10,697.30M
Operating cash flow146,121.95M4,306.12M
Currency in THBCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 210,044M 239,085M 258,722M 273,353.21M 286,062.63M
Gross Profit -- -- -- -- --
Operating income 60,198M 64,213M 56,786M 55,618.29M 48,401.29M
Income before tax 56,109M 62,906M 54,385M 55,678.99M 48,516.67M
Net income 41,325M 46,153M 39,474M 40,174.10M 34,338.24M
EBITDA -- -- -- -- --
Diluted EPS 17.27 19.28 16.49 16.79 14.35
Dividends Per Share 3.50 4 4 4 4
Total Assets 2,290.04B 2,389.13B 2,555.30B 2,843.27B 2,900.84B
Total liabilities 2,053.03B 2,108.45B 2,243.09B 2,489.36B 2,513.01B
Total equity 219,232M 257,059M 285,800M 321,746.11M 348,625.12M
Operating cash flow 97,233M 113,123M 133,687M 144,666.40M 146,121.95M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 6,835.31M 7,360.18M 7,548.93M 7,747.98M 8,430.08M
Gross Profit -- -- -- -- --
Operating income 1,958.98M 1,976.78M 1,656.88M 1,576.45M 1,426.35M
Income before tax 1,825.91M 1,936.54M 1,586.83M 1,578.17M 1,429.75M
Net income 1,344.81M 1,420.81M 1,151.76M 1,138.70M 1,011.92M
EBITDA -- -- -- -- --
Diluted EPS 0.56 0.59 0.48 0.47 0.42
Dividends Per Share 0.11 0.12 0.11 0.11 0.11
Total Assets 69,690.95M 72,618.11M 71,010.28M 79,397.89M 89,010.14M
Total liabilities 62,478.32M 64,086.62M 62,334.08M 69,514.99M 77,110.10M
Total equity 6,671.69M 7,813.34M 7,942.19M 8,984.68M 10,697.30M
Operating cash flow 3,164.18M 3,482.46M 3,900.69M 4,100.45M 4,306.12M

Valuation Measures

Dec 2017
PER16.16
ROA1.19%
ROE10.24%
Operating margin16.91%
Profit margin12.00%

Key executives

  • Chairman & Chief Executive Officer: Banthoon Lamsam
  • Co-President & Executive Director: Predee Daochai
  • Co-President & Executive Director: Kattiya Indaravijaya
  • Co-President & Director: Pipit Aneaknithi
  • Executive VP-Finance & Control Division: Chongrak Rattanapian

Shareholders

  • Social Security Office of Thailand (2.0%)
  • GIC Pte Ltd. (Investment Management) (1.5%)
  • Schroder Investment Management Ltd. (1.3%)
  • Prudential Plc (1.0%)
  • Norbax, Inc. (0.9%)
  • TMB Asset Management Co., Ltd. (0.7%)
  • The Vanguard Group, Inc. (0.6%)
  • Orbis Investment Management Ltd. (0.5%)
  • Aberdeen Asset Management (Asia) Ltd. (0.4%)
  • Norges Bank Investment Management (0.3%)

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

  • 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

  • Krung Thai Bank Public Co., Ltd.
  • Kiatnakin Bank Public Co. Ltd.
  • Sumitomo Mitsui Trust Holdings, Inc.
  • TISCO Financial Group Public Co. Ltd.
  • Siam Commercial Bank Public Company Limited
  • Thanachart Capital Public Co., Ltd.
  • Mitsubishi UFJ Financial Group, Inc.
  • LH Financial Group PCL
  • Mega Financial Holding Co., Ltd.
  • Industrial and Commercial Bank of China Limited Class H
  • CIMB Group Holdings Bhd
  • United Overseas Bank Ltd. (Singapore)
  • Bangkok Bank Public Company Limited
  • Bank of China Limited Class H
  • TMB Bank Public Company Limited
  • KGI Securities (Thailand) Public Co., Ltd.
  • CIMB Thai Bank Public Co. Ltd.
Last Updated on 17 Aug, 2018

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