Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
Net Interest Margin
December 2022 (Consolidated)
(%)
5
NIM
(%)
8
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
Yield on Earnings Assets and Cost of Fund
4
3.39
3.31
3.27
3.21
3.33
6
5.29
5.21
4.82
4.97
4.71
Yield on Loans
4.27
3
4.19
3.83
3.79
4
3.64
Yield on Earnings Assets
2
1
III
0
2018
2019
2020**
2021
2022
2
1.19
1.23
0.78
0.59
0.62
Cost of Fund
1.11
1.14
0
0.71
0.54
0.53
Cost of Deposits*
2018
2019
2020
2021
2022
■NIM was 3.33% in 2022, increased YoY, due to higher yield on loans as small ticket lending (SME and Retail)
increased, and higher lending rate. More than 90% of interest income received in cash.
2018
2019
2020
2021
2022
1Q22
2Q22
3Q22
4Q22
NIM (%)
3.39
3.31
3.27
3.21
3.33
3.19
3.21
3.33
3.62
Yield on Earnings Assets (%)
4.27
4.19
3.83
3.64
3.79
3.61
3.64
3.78
4.14
Yield on Loans (%)
5.29
5.21
4.82
4.71
4.97
4.76
4.75
4.92
5.37
Cost of Fund (%)
1.19
1.23
0.78
0.59
0.62
0.57
0.59
0.61
0.71
Cost of Deposits (%), incl DPA
1.11
1.14
0.71
0.54
0.53
0.52
0.51
0.52
0.58
Note: Cost of deposits including contributions to the Financial Institutions Development Fund (FIDF) and Deposit Protection Agency (DPA).
* The FIDF fee is temporarily reduce from 0.46% to 0.23% for 3 years, according to the BOT announcement in the Royal Gazette, during January 2020 to December 2022.
** The Bank and its subsidiaries have adopted new accounting standards (TFRS 9: Financial Instruments) since January 1, 2020 onwards, some financial statements and financial ratios are not
comparable with previous years' financial figures before Y2020, which were based on the prior accounting standards (non-TFRS9).
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13
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Composition of Growth: Net Fees and Non-interest Income
December 2022 (Consolidated)
Total Operating Income - net
Non-interest Income Ratio and Net Fee Income Ratio
(Bt bn)
173.26
200
155.48
160.49
154.89
163.35 I
50%
(-1%)
(+3%)
(+5%)
(-3%)
(+6%)
37%
40%
36%
150
23%
27%
30%
37%
36%
30%
27%
I
30%
25%
23%
21%
22%
23%
100
19%
20%
50
63%
64%
70%
73%
77%
10%
0
0%
2018
2019
2020*
2018
2021
2022
■Net interest income
Non-interest income
(+2%)
Non-interest Income
Other operating income.
■Fee and Service Income - net
(Bt bn)
70
56.95 57.80
(-9%)
60
3%
3%
45.87
43.96
50
(-21%) (-4%)
4%
3%
40.26
-8% YoY)
5%
Net earned premium - net
40
67% 64%
30
72% 80%
Dividend Income
2020*
2019
2021
Non-interest income ratio Net Fee income ratio
Net Fee Income
2022
(Bt bn) 38.12
36.74
33.00
35.32
40
(-8%)
(-4%) (-10%) (+7%)
32.88
1 (-7%)
30
82%
Share of profit from investments on equity
method
20
20
6% 0.1
0.1% 4%
Gain on investments
15%
16% 14%
5%
3%
18%
8%
10
9% 0.3%
13%
Gain on financial instrument measured at
0
20.3% FVTPL
0
2018 2019 2020 2021
2022 -8% (Gain on Trading and FX transactions-Old)
2018
2019
2020*
2021
2022
-10
Note: Non-interest Income Ratio = Non-interest Income/Total Operating Income - net
-Net Fee Income Ratio = Net Fee Income / Total Operating Income - net
10 5%
-0.3% -1%
-2% 13%
20
■Y2022 non-interest income
accounted for 23% of total net
operating income and net fee
income accounted for 19%;
non-interest income decreased
-8% YoY, mainly due to a
decrease in net fee income and
net premiums earned
- net
Y2022 net fee income decreased
-7% YoY, mainly due to a
decrease in fees from fund
management and brokerage
business in line with market
conditions and drop in
transaction service fee rate,
while fees from card business
increased according to customer
spending.
- Net Premium Earned - net = Net Premium Earned less Underwriting Expense
The Bank and its subsidiaries have adopted new accounting standards (TFRS 9: Financial Instruments) since January 1, 2020 onwards, some financial statements and financial ratios are not
comparable with previous years' financial figures before Y2020, which were based on the prior accounting standards (non-TFRS9).
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