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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, 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 by Choti Lamsam on June 8, 1945 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019 THBUSD
Revenue282,430.09M9,097.50M
Gross Profit----
Operating income57,160.13M1,841.21M
Income before tax53,706.13M1,729.95M
Net income38,726.74M1,247.44M
EBITDA----
Diluted EPS16.180.52
Dividends Per Share50.16
Total Assets3,293.88B109,965.82M
Total liabilities2,840.17B94,818.64M
Total equity406,357.61M13,566.16M
Operating cash flow119,551.13M3,850.92M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 258,722M 273,353.21M 286,062.63M 281,787.77M 282,430.09M
Gross Profit -- -- -- -- --
Operating income 56,786M 55,618.29M 48,401.29M 54,556.95M 57,160.13M
Income before tax 54,385M 55,678.99M 48,516.67M 54,553.28M 53,706.13M
Net income 39,474M 40,174.10M 34,338.24M 38,459.11M 38,726.74M
EBITDA -- -- -- -- --
Diluted EPS 16.49 16.79 14.35 16.06 16.18
Dividends Per Share 4 4 4 4 5
Total Assets 2,555.30B 2,843.27B 2,900.84B 3,155.09B 3,293.88B
Total liabilities 2,243.09B 2,489.36B 2,513.01B 2,737.26B 2,840.17B
Total equity 285,800M 321,746.11M 348,625.12M 376,297.55M 406,357.61M
Operating cash flow 133,687M 144,666.40M 146,121.95M 145,453.82M 119,551.13M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 7,548.93M 7,747.98M 8,430.08M 8,716.72M 9,097.50M
Gross Profit -- -- -- -- --
Operating income 1,656.88M 1,576.45M 1,426.35M 1,687.64M 1,841.21M
Income before tax 1,586.83M 1,578.17M 1,429.75M 1,687.53M 1,729.95M
Net income 1,151.76M 1,138.70M 1,011.92M 1,189.68M 1,247.44M
EBITDA -- -- -- -- --
Diluted EPS 0.48 0.47 0.42 0.49 0.52
Dividends Per Share 0.11 0.11 0.11 0.12 0.16
Total Assets 71,010.28M 79,397.89M 89,010.14M 96,900.82M 109,965.82M
Total liabilities 62,334.08M 69,514.99M 77,110.10M 84,068.45M 94,818.64M
Total equity 7,942.19M 8,984.68M 10,697.30M 11,557.04M 13,566.16M
Operating cash flow 3,900.69M 4,100.45M 4,306.12M 4,499.41M 3,850.92M

Valuation Measures

Dec 2019
PER9.33
ROA1.20%
ROE9.89%
Operating margin20.23%
Profit margin13.71%

Key executives

  • Co-President, CEO & Executive Director: Kattiya Indaravijaya
  • Co-President & Executive Director: Predee Daochai
  • Co-President & Executive Director: Pipit Aneaknithi
  • Co-President & Executive Director: Patchara Samalapa
  • Executive VP-Finance & Control Division: Chongrak Rattanapian

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 (0.8%)
  • First State Investments (Hong Kong) Ltd. (0.4%)
  • APG Asset Management NV (0.3%)
  • BC Investment Management Corp. (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

  • Krung Thai Bank Public Co., Ltd.
  • TISCO Financial Group Public Co. Ltd.
  • Bank of Ayudhya Public Co., Ltd.
  • Kiatnakin Phatra 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.
Last Updated on 28 Oct, 2020

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