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Finance

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

Krung Thai Bank Public Co., Ltd. engages in the provision of commercial banking services. It operates through the following business segments: Retail Banking, Wholesale Banking, Treasury and Investment, and Support and others. The Retail Banking segment develops financial products and services for individual customers such as deposits, loans, payment for goods and services, and sale of products released by the banks subsidiaries and business alliances through network branches. The Wholesale Banking segment provides credit facilities and financial services to corporate clients. The Treasury and Investment segment includes equity investment, foreign currency exchange services, international business and excess liquidity, supervision of overseas branches and companies which the bank invested in. The Support and Others segment covers middle offices, back offices, subsidiaries, and associates. The company was founded on March 14, 1966 and is headquartered in Bangkok, Thailand.

Financial Highlights

Dec 2019 THBUSD
Revenue164,879.83M5,311.03M
Gross Profit----
Operating income37,578.55M1,210.46M
Income before tax37,945.83M1,222.29M
Net income29,284.04M943.28M
EBITDA----
Diluted EPS2.090.06
Dividends Per Share0.750.02
Total Assets3,017.16B100,727.59M
Total liabilities2,668.84B89,098.78M
Total equity338,287.29M11,293.65M
Operating cash flow82,940.26M2,671.63M
Currency in THBCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 168,052.91M 167,010.44M 160,318.69M 157,950.77M 164,879.83M
Gross Profit -- -- -- -- --
Operating income 32,053.69M 36,792.23M 24,742.74M 34,323.51M 37,578.55M
Income before tax 32,108.03M 37,523.81M 26,643.52M 36,811.66M 37,945.83M
Net income 28,493.77M 32,303.65M 22,440.00M 28,491.29M 29,284.04M
EBITDA -- -- -- -- --
Diluted EPS 2.04 2.31 1.60 2.03 2.09
Dividends Per Share 0.76 0.86 0.61 0.71 0.75
Total Assets 2,815.32B 2,694.18B 2,858.91B 2,744.10B 3,017.16B
Total liabilities 2,565.03B 2,414.78B 2,564.69B 2,429.96B 2,668.84B
Total equity 245,882.75M 274,187.03M 287,861.25M 305,875.44M 338,287.29M
Operating cash flow 62,675.46M 69,316.81M 70,876.94M 66,497.50M 82,940.26M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 4,903.41M 4,733.77M 4,724.49M 4,885.99M 5,311.03M
Gross Profit -- -- -- -- --
Operating income 935.25M 1,042.84M 729.15M 1,061.75M 1,210.46M
Income before tax 936.84M 1,063.58M 785.16M 1,138.71M 1,222.29M
Net income 831.38M 915.62M 661.29M 881.33M 943.28M
EBITDA -- -- -- -- --
Diluted EPS 0.05 0.06 0.04 0.06 0.06
Dividends Per Share 0.02 0.02 0.01 0.02 0.02
Total Assets 78,236.19M 75,234.51M 87,723.63M 84,278.41M 100,727.59M
Total liabilities 71,280.59M 67,432.20M 78,695.74M 74,630.34M 89,098.78M
Total equity 6,832.92M 7,656.60M 8,832.80M 9,394.20M 11,293.65M
Operating cash flow 1,828.73M 1,964.73M 2,088.69M 2,057.01M 2,671.63M

Valuation Measures

Dec 2019
PER7.83
ROA1.01%
ROE9.09%
Operating margin22.79%
Profit margin17.76%

Key executives

  • Executive Vice Chairman: Krairit Euchukanonchai
  • President & Executive Director: Payong Srivanich
  • Senior Executive VP & Head-Operations Group: Amporn Chotruchsakul
  • Senior EVP & Head-Technology Group: Boonlerd Sinsombat
  • Senior Executive Vice President: Werapong Suppasedsak

Shareholders

  • Financial Institutions Development Fund (55.0%)
  • Krung Thai Asset Management Public Co., Ltd. (2.1%)
  • MFC Asset Management Public Co., Ltd. (Investment Management) (2.1%)
  • EGAT Saving & Credit Cooperative Ltd. (1.8%)
  • Government Savings Bank of Thailand (Investment Portfolio) (0.8%)
  • Norges Bank Investment Management (0.8%)
  • APG Asset Management NV (0.2%)
  • TMB Asset Management Co., Ltd. (0.1%)
  • RBC Global Asset Management (UK) Ltd. (0.0%)
  • Aviva Investors Global Services Ltd. (0.0%)

Contact Details

  • Website:http://www.ktb.co.th
  • 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)
  • Krung Thai Bank /Private Equity/
  • Krung Thai Bank PCL (Mumbai Branch)
  • Krung Thai Bank PCL (Kunming Branch)
  • KTB Computer Services Co. Ltd.
  • KTB General Services Co. Ltd.
  • Krung Thai Bank PCL (Cayman Islands)
  • KTB LAW Co. Ltd.
  • 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.
  • Bank of Ayudhya Public Co., Ltd.
  • Siam Commercial Bank Public Company Limited
  • Bangkok Bank Public Company Limited
Last Updated on 29 Oct, 2020

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