KASIKORNTHAI Regulatory Capital and Financial Performance Update
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Composition of Growth: Net Fees and Non-interest Income
September 2023 (Consolidated)
Total Operating Income - net
Non-interest Income Ratio and Net Fee Income Ratio
(Bt bn)
50%
163.35
173.26 I
1
200
160.49 154.89
(+3%) (-3%) (+5%)
(+6%)
141.76
40%
36%
150
36%
27%
23% (+14% YoY)
30%
I
27%
30%
23%
30%
21%
22% 23%
123%
23%
19%
17%
100
20%
50
64%
70%
73%
77%
77%
10%
0%
0
2019
2019
9M23
2020* 2021
2022
■Net interest income Non-interest income
Non-interest Income
Other operating income
2020* 2021
2022
9M23
Non-interest income ratio Net Fee income ratio
Net Fee Income
23.63
(-6% YoY)
(Bt bn)
70
57.80
60
(+2%)
■Fee and Service Income - net
45.87
43.96
(-21%)
40.26
(Bt bn) 36.74
50
(-4%)
Net earned premium - net.
33.00 35.32 32.88
3%
(-8%) 32.16
40
5%
(-4%)
(-10%)
40
64%
(+19% YoY) Dividend Income
(+7%)
(-7%)
5%
30
30
72% 80%
82% 1
73%
Share of profit/loss from investments on
equity method
20
20
01% 5%
Gain/Loss on investments
10
15%
10
5%
9%
8%
9%
14% 18%
25%
0
0
-0.3% 0.4%
2%
0.2% Gain on financial instrument measured at
FVTPL
2019
2020* 2021
2022
9M23
2019
9M23-12% (Gain on Trading and FX transactions-Old)
9M23 non-interest income
accounted for 23% of total net
operating income and net fee
income accounted for 17%.
9M23 non-interest income
increased 19% YoY, mainly due to
the increase in mark to market
financial instruments measured at
fair value through profit or loss
according to market conditions and
revenue from trading and foreign
exchange transactions, while net
premium earned - net decreased
YoY due to higher underwriting
expenses increased, although net
premiums earned still had growth.
9M23 net fee income decreased
-6% YoY mainly from brokerage
business in line with market
conditions, and a drop in
transaction service fees.
3% 0.3% 13%
-0.3%
-1% 2020-%2021-8%2022
Note: Non-interest Income Ratio = Non-interest Income/Total Operating Income - net
- Net Fee Income Ratio = Net Fee Income / Total Operating Income - net
- 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).
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Cost to Income Ratio
September 2023 (Consolidated)
Cost to Income Ratio
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Cost to Average Assets Ratio
I
(%)
(%)
50
45.32
45.19
43.49
43.15
6
I
42.65
40
4
30
2.26
2.01
1.83
1.79
1.89
20
2
10
0
0
2019
2020
2021
2022
9M23
2019
2020
2021
2022
9M23
9M23 cost to income ratio was 42.65%, 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.
Cost to Income Ratio (%)
Cost to Average Assets Ratio (%)
2019
2020
2021
45.32
45.19
43.49
2022
43.15
9M22
43.37
9M23
42.65
1Q23
2Q23
3Q23
42.50
43.37
42.07
2.26
2.01
1.83
1.79
1.72
1.89
1.87
1.96
1.86
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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