Krung Thai Bank Public Co., Ltd.
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- Bangkok Bank buys Indonesia's Bank Permata for $2.7bn Dec 12, 2019
- Thai banks Thanachart and TMB in talks to merge Dec 21, 2018 See more articles on Krung Thai Bank Public Co., Ltd.
Company Background
Krung Thai Bank is Thailand's second largest bank by assets. It is the only one of the country's top four banks owned by the government; the ministry of finance indirectly holds over 60% of its shares. The bank was established in 1966 through the merger of two-state-owned banks, the Kaset Bank and Monton Bank. It was the first state-owned enterprise to list on the Stock Exchange of Thailand, in 1989. In 1998, it merged with two other state-owned banks, the First Bangkok City Bank and Bangkok Bank of Commerce.
Chairman Areepong Bhoocha-oom was appointed in June 2014 to replace Voravidh Champeeratana, who took office during the previous Yingluck Shinawatra government but stepped down after the military coup in May. Areepong is a former permanent secretary at the ministry of finance but was demoted during the previous regime to the office of the public sector development commission. Since August, he has also been the acting chairman of the troubled, state-owned Thai Airways.
Business Summary
Financial Highlights
Dec 2021 | THB | USD |
Revenue | 144,487.59M | 4,512.94M |
Gross Profit | -- | -- |
Operating income | 29,485.02M | 920.93M |
Income before tax | 29,485.02M | 920.93M |
Net income | 21,588.29M | 674.29M |
EBITDA | -- | -- |
Diluted EPS | 1.54 | 0.04 |
Dividends Per Share | 0.41 | 0.01 |
Total Assets | 3,563.54B | 106,677.04M |
Total liabilities | 3,189.43B | 95,477.77M |
Total equity | 360,052.89M | 10,778.41M |
Operating cash flow | 56,910.66M | 1,777.55M |
Currency in THB | Currency in USD |
Historical Data
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 160,318.69M | 157,950.77M | 164,879.83M | 151,854.44M | 144,487.59M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 24,742.74M | 34,323.51M | 37,578.55M | 22,697.37M | 29,485.02M |
Income before tax | 26,643.52M | 36,811.66M | 37,945.83M | 21,819.37M | 29,485.02M |
Net income | 22,440.00M | 28,491.29M | 29,284.04M | 16,731.58M | 21,588.29M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 1.60 | 2.03 | 2.09 | 1.19 | 1.54 |
Dividends Per Share | 0.61 | 0.71 | 0.75 | 0.27 | 0.41 |
Total Assets | 2,854.21B | 2,744.10B | 3,017.16B | 3,333.46B | 3,563.54B |
Total liabilities | 2,559.99B | 2,429.96B | 2,668.84B | 2,978.40B | 3,189.43B |
Total equity | 287,861.25M | 305,875.44M | 338,287.29M | 343,465.75M | 360,052.89M |
Operating cash flow | 70,876.94M | 66,497.50M | 82,940.26M | 59,432.85M | 56,910.66M |
Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | |
Revenue | 4,724.49M | 4,885.99M | 5,311.03M | 4,852.33M | 4,512.94M |
Gross Profit | -- | -- | -- | -- | -- |
Operating income | 729.15M | 1,061.75M | 1,210.46M | 725.26M | 920.93M |
Income before tax | 785.16M | 1,138.71M | 1,222.29M | 697.21M | 920.93M |
Net income | 661.29M | 881.33M | 943.28M | 534.63M | 674.29M |
EBITDA | -- | -- | -- | -- | -- |
Diluted EPS | 0.04 | 0.06 | 0.06 | 0.03 | 0.04 |
Dividends Per Share | 0.01 | 0.02 | 0.02 | 0.00 | 0.01 |
Total Assets | 87,579.31M | 84,278.41M | 100,727.59M | 111,263.89M | 106,677.04M |
Total liabilities | 78,551.42M | 74,630.34M | 89,098.78M | 99,412.64M | 95,477.77M |
Total equity | 8,832.80M | 9,394.20M | 11,293.65M | 11,464.14M | 10,778.41M |
Operating cash flow | 2,088.69M | 2,057.01M | 2,671.63M | 1,899.10M | 1,777.55M |
Valuation Measures
Dec 2021 | |
PER | 8.54 |
ROA | 0.62% |
ROE | 6.13% |
Operating margin | 20.40% |
Profit margin | 14.94% |
Key executives
- President & Executive Director: Payong Srivanich
- Senior EVP, MD & Head-Operation Group: Santi Parivisutt
- Senior EVP & Head-Financial Management Group: Saranya Vejakul
- Secretary, SEVP, Head-Compliance & Legal: Pongsit Chaichutpornsuk
- Senior EVP & Head-Business Center Group: Werapong Suppasedsak
Shareholders
- Financial Institutions Development Fund (55.0%)
- EGAT Saving & Credit Cooperative Ltd. (2.7%)
- Krung Thai Asset Management Public Co., Ltd. (2.1%)
- MFC Asset Management Public Co., Ltd. (Investment Management) (2.1%)
- Government Savings Bank of Thailand (Investment Portfolio) (0.8%)
- BC Investment Management Corp. (0.2%)
- Krungsri Asset Management Co., Ltd. (0.2%)
- Norges Bank Investment Management (0.2%)
- APG Asset Management NV (0.2%)
- TMB Asset Management Co., Ltd. (0.1%)
Contact Details
- Website:http://www.krungthai.com/en/
- Address: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Bangkok, 10110, Thailand
- Phone: +66.2.255.2222
Related Companies
- Krung Thai Bank Public Co. Ltd. (Broker)
- KTB General Services & Security Co., Ltd.
- Krung Thai Bank /Private Equity/
- Krung Thai Bank PCL (Mumbai Branch)
- Krung Thai Bank PCL (Kunming Branch)
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- KTB General Services Co. Ltd.
- Krung Thai Bank PCL (Cayman Islands)
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- Thoon Ruam Karn Co. Ltd.
- Thai LNG Co. Ltd.
- Cermas Co. Ltd.
- Krungthai Holding Co. Ltd.
- K.M.B. International Co. Ltd.
- Krung Thai Charoensri Co. Ltd.
- KTB Advisory Co., Ltd.
- KTB Leasing Co., Ltd.
- Small Industry Credit Guarantee Corp. Ltd.
- Krung Thai Bank Public Co. (Los Angeles)
- Krung Thai Bank Public Co. Ltd. (New York Branch)
- Krung Thai Bank Public Co. Ltd. (Singapore)
- Krung Thai Computer Services Co. Ltd.
- Krungthai Panich Insurance Public Co. Ltd.
- Islamic Bank of Thailand
- Krung Thai Asset Management Public Co., Ltd.
Competitors
- Kasikornbank Public Co. Ltd.
- CIMB Thai Bank Public Co. Ltd.
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