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
Financial Highlights
Dec 2022 | THB | USD |
Revenue | 275,613.85M | 7,858.24M |
Gross Profit | -- | -- |
Operating income | 45,855.48M | 1,307.42M |
Income before tax | 46,470.48M | 1,324.95M |
Net income | 35,769.49M | 1,019.85M |
EBITDA | -- | -- |
Diluted EPS | 15.09 | 0.43 |
Dividends Per Share | 4 | 0.11 |
Total Assets | 4,246.36B | 122,603.40M |
Total liabilities | 3,694.83B | 106,679.33M |
Total equity | 487,720.70M | 14,081.73M |
Operating cash flow | 164,340.39M | 4,685.63M |
Currency in THB | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 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 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 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 | |
PER | 9.77 |
ROA | 0.85% |
ROE | 7.53% |
Operating margin | 16.63% |
Profit margin | 12.97% |
Management
- 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
Shareholders
- 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: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 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.
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- Kasikorn Vision Information Technology Co., Ltd.
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- AI GEN Co., Ltd.
- 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)
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- 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.
Competitors
- 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.
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