KASIKORNBANK Economic and Subsidiaries Performance Overview
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)
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K
KASIKORNTHAI
1H23 Performance Highlights
Consolidated
Net Profit (Bt bn)
Profitability
- NIM
- ROE*
- ROA
- YTD Loan growth
2021
2022
1Q23
2Q23
38.05
35.77
10.74
10.99
1H23
21.74
3.21%
3.33%
3.46%
8.44%
7.38%
8.43%
0.98%
0.86%
1.01%
7.88%
3.03%
- YoY Loan growth
- YoY Net fee income growth
- YoY Non-interest income growth
7.88%
3.03%
7.01% (6.89%)
(4.17%) (8.42%)
3.54%
8.65%
1.03%
1.02%
(1.20%) (1.84%) (1.84%)
0.28% (1.61%) (1.61%)
(8.13%) (5.31%) (6.77%)
32.00% 19.70% 25.64%
3.63%
8.82%
Cost control
- Cost to income
43.49%
43.15%
42.50%
43.37%
42.94%
Asset quality
3.76%
1.73%
3.19%
2.11%
159.08%
154.26%
3.04%
2.05%
156.68%
93.20%
90.77%
90.85%
16.49%
16.84%
16.92%
3.20%
2.08%
147.31%
90.40%
17.04%
18.77%
18.81%
18.90%
19.01%
3.20%
2.06%
147.31%
90.40%
17.04%
19.01%
- NPL ratio
- Credit Cost
- Coverage ratio
Loans to Deposits
Tier 1 Ratio
CAR
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
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
1H23 net profit decreased -1.22% YoY, due to higher
expected credit loss. However, EBPT continued to improve as a
result of strong growth in operating income and consistently
efficient expense management
■1H23 loans dropped -1.84% YTD from SME, Credit Cards,
Personal loan, and from NPL outflow management, while Regional
and KLeasing increased
■NIM was 3.54% in 1H23, increasing YoY, mainly due to higher
interest rate, despite higher cost of fund from FIDF and higher
deposit rate. More than 90% of interest income received in cash
■1H23 net fee income decreased -6.77% YoY, from Brokerage and
Fund Management businesses in line with market conditions, and a
drop in transaction service fees.
1H23 cost to income ratio was 42.94%, decreasing YoY, from net
total income increased, despite higher operating expense (mainly
due to employee expenses from one-time cost of living subsidy
measures). Focus on cost management and productivity
improvement, with new investments for future growth
■1H23 NPL ratio was at 3.20%, with a coverage ratio of 147.31%
from proactively embarking and cooperating with professional
partners to enhance the effectiveness of NPL management.
Since 1Q23, the level of management overlay temporarily dropped
from a one-time deterioration in a large corporate loan but stayed
within our comfort range of 15-20%. Management overlay will be
built up going forward, depending on the economic situation
■■2023 credit cost will remain high, and may slightly exceed the
target range, but rising to no more than 210 bps, due to ongoing
proactive asset quality cleanup efforts, and a one-time deterioration
in a large corporate loan
1H23 capital base remained sufficient to support business growth
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