Finance
Krung Thai Bank Public Co., Ltd.
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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 2018 | THB | USD |
| Revenue | 157,950.77M | 4,885.99M |
| Gross Profit | -- | -- |
| Operating income | 34,323.51M | 1,061.75M |
| Income before tax | 36,811.66M | 1,138.71M |
| Net income | 28,491.29M | 881.33M |
| EBITDA | -- | -- |
| Diluted EPS | 2.03 | 0.06 |
| Dividends Per Share | 0.71 | 0.02 |
| Total Assets | 2,744.10B | 84,278.41M |
| Total liabilities | 2,429.96B | 74,630.34M |
| Total equity | 305,875.44M | 9,394.20M |
| Operating cash flow | 66,497.50M | 2,057.01M |
| Currency in THB | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 158,545.39M | 168,052.91M | 167,010.44M | 160,318.69M | 157,950.77M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 38,278.25M | 32,053.69M | 36,792.23M | 24,742.74M | 34,323.51M |
| Income before tax | 38,329.88M | 32,108.03M | 37,523.81M | 26,643.52M | 36,811.66M |
| Net income | 33,191.03M | 28,493.77M | 32,303.65M | 22,440.00M | 28,491.29M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 2.37 | 2.04 | 2.31 | 1.60 | 2.03 |
| Dividends Per Share | 0.90 | 0.76 | 0.86 | 0.61 | 0.71 |
| Total Assets | 2,789.14B | 2,815.32B | 2,694.18B | 2,858.91B | 2,744.10B |
| Total liabilities | 2,553.27B | 2,565.03B | 2,414.78B | 2,564.69B | 2,429.96B |
| Total equity | 232,142.26M | 245,882.75M | 274,187.03M | 287,861.25M | 305,875.44M |
| Operating cash flow | 60,291.76M | 62,675.46M | 69,316.81M | 70,876.94M | 66,497.50M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 4,880.78M | 4,903.41M | 4,733.77M | 4,724.49M | 4,885.99M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 1,178.38M | 935.25M | 1,042.84M | 729.15M | 1,061.75M |
| Income before tax | 1,179.97M | 936.84M | 1,063.58M | 785.16M | 1,138.71M |
| Net income | 1,021.77M | 831.38M | 915.62M | 661.29M | 881.33M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 0.07 | 0.05 | 0.06 | 0.04 | 0.06 |
| Dividends Per Share | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Total Assets | 84,776.36M | 78,236.19M | 75,234.51M | 87,723.63M | 84,278.41M |
| Total liabilities | 77,607.16M | 71,280.59M | 67,432.20M | 78,695.74M | 74,630.34M |
| Total equity | 7,055.99M | 6,832.92M | 7,656.60M | 8,832.80M | 9,394.20M |
| Operating cash flow | 1,856.06M | 1,828.73M | 1,964.73M | 2,088.69M | 2,057.01M |
Valuation Measures
| Dec 2018 | |
| PER | 9.42 |
| ROA | 1.01% |
| ROE | 9.59% |
| Operating margin | 21.73% |
| Profit margin | 18.03% |
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%)
- Government Savings Bank of Thailand (Investment Portfolio) (0.8%)
- Norges Bank Investment Management (0.8%)
- EGAT Saving & Credit Cooperative Ltd. (0.7%)
- BBL Asset Management Co., Ltd. (0.5%)
- Dimensional Fund Advisors LP (0.3%)
- TMB Asset Management Co., Ltd. (0.2%)
- Aviva Investors Global Services Ltd. (0.2%)
Contact Details
- Website:http://www.ktb.co.th
- Address: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Bangkok, 10110, Thailand
- Phone: +66.2.255.2222
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- Krung Thai Bank Public Co. (Los Angeles)
- Krung Thai Bank Public Co. Ltd. (New York Branch)
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- Krung Thai Computer Services Co. Ltd.
- Krungthai Panich Insurance Public Co. Ltd.
- Islamic Bank of Thailand
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Competitors
- Kasikornbank Public Co. Ltd.
- Sumitomo Mitsui Trust Holdings, Inc.
- Bank of Ayudhya Public Co., Ltd.
- Kiatnakin Bank Public Co. Ltd.
- Siam Commercial Bank Public Company Limited
- TISCO Financial Group Public Co. Ltd.
- Thanachart Capital Public Co., Ltd.
- Mega Financial Holding Co., Ltd.
- United Overseas Bank Ltd. (Singapore)
- Bangkok Bank Public Company Limited
- CIMB Thai Bank Public Co. Ltd.
- TMB Bank Public Company Limited
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Last Updated on 20 Sep, 2019