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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 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 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 2020 THBUSD
Revenue151,854.44M4,852.33M
Gross Profit----
Operating income22,697.37M725.26M
Income before tax21,819.37M697.21M
Net income16,731.58M534.63M
EBITDA----
Diluted EPS1.190.03
Dividends Per Share0.270.00
Total Assets3,333.46B111,263.89M
Total liabilities2,978.40B99,412.64M
Total equity343,465.75M11,464.14M
Operating cash flow59,432.85M1,899.10M
Currency in THBCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 167,713.93M 160,318.69M 157,950.77M 164,879.83M 151,854.44M
Gross Profit -- -- -- -- --
Operating income 37,495.72M 24,742.74M 34,323.51M 37,578.55M 22,697.37M
Income before tax 37,523.81M 26,643.52M 36,811.66M 37,945.83M 21,819.37M
Net income 32,303.65M 22,440.00M 28,491.29M 29,284.04M 16,731.58M
EBITDA -- -- -- -- --
Diluted EPS 2.31 1.60 2.03 2.09 1.19
Dividends Per Share 0.86 0.61 0.71 0.75 0.27
Total Assets 2,689.70B 2,854.21B 2,744.10B 3,017.16B 3,333.46B
Total liabilities 2,410.29B 2,559.99B 2,429.96B 2,668.84B 2,978.40B
Total equity 274,187.03M 287,861.25M 305,875.44M 338,287.29M 343,465.75M
Operating cash flow 69,316.81M 70,876.94M 66,497.50M 82,940.26M 59,432.85M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,753.71M 4,724.49M 4,885.99M 5,311.03M 4,852.33M
Gross Profit -- -- -- -- --
Operating income 1,062.78M 729.15M 1,061.75M 1,210.46M 725.26M
Income before tax 1,063.58M 785.16M 1,138.71M 1,222.29M 697.21M
Net income 915.62M 661.29M 881.33M 943.28M 534.63M
EBITDA -- -- -- -- --
Diluted EPS 0.06 0.04 0.06 0.06 0.03
Dividends Per Share 0.02 0.01 0.02 0.02 0.00
Total Assets 75,109.34M 87,579.31M 84,278.41M 100,727.59M 111,263.89M
Total liabilities 67,307.03M 78,551.42M 74,630.34M 89,098.78M 99,412.64M
Total equity 7,656.60M 8,832.80M 9,394.20M 11,293.65M 11,464.14M
Operating cash flow 1,964.73M 2,088.69M 2,057.01M 2,671.63M 1,899.10M

Valuation Measures

Dec 2020
PER9.27
ROA0.52%
ROE4.90%
Operating margin14.94%
Profit margin11.01%

Key executives

  • President & Executive Director: Payong Srivanich
  • Senior EVP, MD & Head-Operation Group: Santi Parivisutt
  • Senior EVP & Head-Financial Management Group: Saranya Vejakul
  • Senior Executive VP & Head-Technology Group: Polawat Witoolkollachit
  • Secretary, SEVP, Head-Compliance & Legal: Pongsit Chaichutpornsuk

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%)
  • RBC Global Asset Management (UK) Ltd. (0.2%)
  • Norges Bank Investment Management (0.1%)
  • TMB Asset Management Co., Ltd. (0.1%)
  • Krungsri Asset Management Co., Ltd. (0.1%)

Contact Details

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)
  • 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.
  • CIMB Thai Bank Public Co. Ltd.
Last Updated on 19 Jan, 2022

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