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Finance

Kasikornbank Public Co. Ltd.

  • 193.00 THB
  • +3.00
  • +1.58%
  • Thailand
    Apr 19, 2019
  • Ticker
    BKK(KBANK)
  • Prev. close
    190.00
  • Market cap (THB)
    461,899.22M
  • Market cap (USD)
    14,512.58M
  • 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 2018 THBUSD
Revenue281,787.77M8,716.72M
Gross Profit----
Operating income54,556.95M1,687.64M
Income before tax54,553.28M1,687.53M
Net income38,459.11M1,189.68M
EBITDA----
Diluted EPS16.060.49
Dividends Per Share40.12
Total Assets3,155.09B96,900.82M
Total liabilities2,737.26B84,068.45M
Total equity376,297.55M11,557.04M
Operating cash flow145,453.82M4,499.41M
Currency in THBCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 239,085M 258,722M 273,353.21M 286,062.63M 281,787.77M
Gross Profit -- -- -- -- --
Operating income 64,213M 56,786M 55,618.29M 48,401.29M 54,556.95M
Income before tax 62,906M 54,385M 55,678.99M 48,516.67M 54,553.28M
Net income 46,153M 39,474M 40,174.10M 34,338.24M 38,459.11M
EBITDA -- -- -- -- --
Diluted EPS 19.28 16.49 16.79 14.35 16.06
Dividends Per Share 4 4 4 4 4
Total Assets 2,389.13B 2,555.30B 2,843.27B 2,900.84B 3,155.09B
Total liabilities 2,108.45B 2,243.09B 2,489.36B 2,513.01B 2,737.26B
Total equity 257,059M 285,800M 321,746.11M 348,625.12M 376,297.55M
Operating cash flow 113,123M 133,687M 144,666.40M 146,121.95M 145,453.82M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 7,360.18M 7,548.93M 7,747.98M 8,430.08M 8,716.72M
Gross Profit -- -- -- -- --
Operating income 1,976.78M 1,656.88M 1,576.45M 1,426.35M 1,687.64M
Income before tax 1,936.54M 1,586.83M 1,578.17M 1,429.75M 1,687.53M
Net income 1,420.81M 1,151.76M 1,138.70M 1,011.92M 1,189.68M
EBITDA -- -- -- -- --
Diluted EPS 0.59 0.48 0.47 0.42 0.49
Dividends Per Share 0.12 0.11 0.11 0.11 0.12
Total Assets 72,618.11M 71,010.28M 79,397.89M 89,010.14M 96,900.82M
Total liabilities 64,086.62M 62,334.08M 69,514.99M 77,110.10M 84,068.45M
Total equity 7,813.34M 7,942.19M 8,984.68M 10,697.30M 11,557.04M
Operating cash flow 3,482.46M 3,900.69M 4,100.45M 4,306.12M 4,499.41M

Valuation Measures

Dec 2018
PER11.51
ROA1.27%
ROE10.61%
Operating margin19.36%
Profit margin13.64%

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 (2.2%)
  • GIC Pte Ltd. (Investment Management) (1.6%)
  • Schroder Investment Management Ltd. (1.1%)
  • BlackRock Asset Management North Asia Ltd. (1.1%)
  • Prudential Plc (0.8%)
  • TMB Asset Management Co., Ltd. (0.7%)
  • The Vanguard Group, Inc. (0.6%)
  • Dimensional Fund Advisors LP (0.5%)
  • Orbis Investment Management Ltd. (0.5%)
  • Norges Bank Investment Management (0.5%)

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

  • 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

  • Krung Thai Bank Public Co., Ltd.
  • TISCO Financial Group Public Co. Ltd.
  • Bank of Ayudhya Public Co., Ltd.
  • Siam Commercial Bank Public Company Limited
  • Kiatnakin Bank Public Co. Ltd.
  • LH Financial Group PCL
  • Industrial and Commercial Bank of China Limited Class H
  • CIMB Group Holdings Bhd
  • United Overseas Bank Ltd. (Singapore)
  • Bangkok Bank Public Company Limited
  • TMB Bank Public Company Limited
  • Standard Chartered PLC
  • KGI Securities (Thailand) Public Co., Ltd.
Last Updated on 19 Apr, 2019

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