KASIKORNTHAI Regulatory Capital and Financial Performance Update
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank: Financial Performance
Note: 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)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
9M23 Performance Highlights
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
69
- ROA
Consolidated
2021
2022
1Q23
2Q23
3Q23
9M23
Net Profit (Bt bn)
38.05
35.77
10.74
10.99
11.28
33.02
Profitability
- NIM
3.21%
3.33%
3.46%
3.63%
3.76%
3.62%
- ROE*
8.44%
7.38%
8.43%
8.82%
8.63%
8.63%
0.98%
0.86%
1.01%
1.03%
1.06%
- YTD Loan growth
7.88%
3.03%
(1.20%)
(1.84%)
(2.29%)
- YoY Loan growth
7.88%
3.03%
0.28%
(1.61%)
(1.07%)
- YoY Net fee income growth
7.01%
(6.89%)
(8.13%)
(5.31%)
(3.96%)
- YoY Non-interest income growth
(4.17%)
(8.42%)
32.00%
19.70%
5.19%
1.03%
(2.29%)
(1.07%)
(5.86%)
19.09%
Cost control
- Cost to income
43.49%
43.15%
42.50%
43.37%
42.07%
42.65%
Asset quality
- NPL ratio
3.76%
3.19%
- Credit Cost
1.73%
2.11%
- Coverage ratio
159.08%
154.26%
3.04%
2.05%
156.68%
3.20%
2.08%
147.31%
Loans to Deposits
93.20%
90.77%
90.85%
90.40%
Tier 1 Ratio
16.49%
16.84%
16.92%
17.04%
3.11%
2.09%
154.90%
90.95%
17.65%
CAR
18.77%
18.81%
18.90%
19.01%
19.62%
3.11%
2.07%
154.90%
90.95%
17.65%
19.62%
Note: Under Bank of Thailand regulations, net profit in the first half of the year is counted as capital after approval by the Board of
Directors as per Bank regulations. Net profit in the second half of the year is counted as capital after approval of the General
Meeting of Shareholders. However, when a net loss occurs, the capital must be reduced immediately
Capital Adequacy Ratio (CAR) has been reported in accordance with Basel III Capital Requirement from January 1, 2013
onwards. CAR is based on KASIKORNBANK FINANCIAL CONGLOMERATE. KASIKORNBANK FINANCIAL CONGLOMERATE
means the company under the Notification of the Bank of Thailand re: Consolidated Supervision, consisting of KBank,
K Companies, and subsidiaries operating in supporting KBank, Phethai Asset Management Co., Ltd., and other subsidiaries
within the permitted scope of the BOT's definition to be a financial conglomerate
* ROE = Net profit (attributable to equity holders of the Bank) deduct dividend from other equity instruments after income tax divided by average
equity of equity excluded other equity instruments
■■9M23 net profit increased 1.35% YoY, due to EBPT
improvement, while expected credit loss increased
9M23 loans dropped -2.29% YTD from SME, personal
loan, home loan, credit cards, and from prudent
underwriting policy and NPL outflow management, while
regional and KLeasing increased
■9M23 NIM was 3.62%, increasing YoY, mainly due to
higher interest rates, despite higher cost of fund from FIDF
and higher deposit rate. More than 90% of interest income
received in cash
9M23 net fee income decreased -5.86% YoY, from
brokerage business in line with market conditions, and a
drop in transaction service fees
■9M23 cost to income ratio was 42.65%, decreasing YoY,
from net total income increased, despite higher operating
expenses (partly due to employee expenses from cost of
living subsidy measures which were one-time expenses).
Cost to income will rise seasonally in 4Q23. Focus on cost
management and productivity improvement, with new
investments for future growth
■■9M23 NPL ratio was at 3.11%, with a coverage ratio of
154.90%
■2023 credit cost will remain high, and may slightly exceed
the target range, but stay within 210 bps, due to ongoing
proactive asset quality cleanup efforts, and a one-time
deterioration in a large corporate loan
9M23 capital base remained sufficient to support business
growth
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