KASIKORNBANK Cyber Security and Financial Services Update
K
KASIKORNTHAI
9M23 Financial Performance
Consolidated
NIM
3Q23 Actual 9M23 Actual Y2023 Targets
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开泰银行 KASIKORNBANK
Notes (9M23)
NIM increased 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.
YTD loans decreased from SME, personal loan, home loan, credit
5-7% cards, and from prudent underwriting policy and NPL outflow
management, while regional and KLeasing increased.
Flat
42.07%
42.65%
Low to
Mid-40s
3.76%
3.62%
3.3-3.45%
Loan Growth
Net Fee Income
Growth1)
-2.29% YTD -2.29% YTD
-0.46% QoQ -1.07% YoY
-3.96% YoY
1.15% QoQ
-5.86% YoY
Cost to Income
Ratio²)
Credit Cost per
209 bps
207 bps
year (bps)
NPL Ratio
(Gross) ³)
ROE4)
ROA
3.11%
3.11%
< 3.25%
8.63%
1.03%
N/A
N/A
Net fee income decreased YoY from brokerage business in line with
market conditions, and a drop in transaction service fees.
Cost to income decreased 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.
175-200 bps 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.
Asset quality is manageable with prudent policy and focus efforts.
8.63%
1.06%
Note: 1) Net Fee Income = Fees and Service Income - Fees and Service Expense; 2) Cost to Income Ratio = Total Other Operating Expenses to Total Operating Income - net (Total Operating income less Underwriting
Expenses); 3) NPL Ratio (Gross) = NPL (gross) to total loans; NPL (gross) used in the calculation are loans to general customers and loans to financial institutions that are non-performing loans; total loans used in the
calculation are loans to general customers and loans to financial institutions; 4) ROE = Net profit deducted Additional Tier 1 dividend after tax/Average total equity excluded Additional Tier 1
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7
K
KASIKORNTHAI
Y2023 Financial Targets
NIM
Consolidated
Loan Growth
Y2022
Actual
2023
NDR Targets
3.33%
3.3-3.45%
3.03%
5-7%
Net Fee Income Growth*
-6.89%
Flat
Cost to Income Ratio**
43.15%
Low to
Mid-40s
Credit Cost per year (bps)
211 bps
175 - 200 bps
NPL Ratio (Gross)***
ROE****
3.19%
< 3.25%
ROA
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开泰银行 KASIKORNBANK
Notes (Y2023)
NIM rising due to higher interest rates and small ticket size lending
strategy, despite higher FIDF contribution. NIM may go slightly
higher than 9M23 level, in line with interest rate trend.
Loans increase from regional expansion strategy and more
corporate lending; continued focus on quality using effective data
analytics capability. Loan growth may be below target range amid
uneven economic recovery.
Net fee income may decrease from lower conventional transaction
fees due to changing consumer behavior; wealth management
business continues to expand. Net fee growth should improve in
the last quarter but may not reach target.
Moderate revenue growth; projecting higher potential investment
expenses for future growth; continuing cost management and
productivity improvements.
Credit cost peaked in Y2022. Continue proactive asset quality clean
up and prudent financial policy, credit cost may slightly exceed the
target range, but rising to no more than 210 bps. The credit cost will
cover future uncertainties, in line with global economic
circumstances and business strategy.
7.38%
0.86%
N/A
N/A
Note: * Net Fee Income Fees and Service Income - Fees and Service Expense; ** Cost to Income Ratio = Total Other Operating Expenses to Total Operating Income - net (Total Operating
income less Underwriting Expenses); * *** NPL Ratio (Gross) = NPL (gross) to total loans; NPL (gross) used in the calculation are loans to general customers and loans to financial institutions that
are non-performing loans; total loans used in the calculation are loans to general customers and loans to financial institutions **** ROE = Net profit deducted Additional Tier 1 dividend after
tax/Average total equity excluded Additional Tier 1
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