KASIKORNBANK Financial Overview

K EXCELLENCE TAS and IFRS Implementation 4Q2010 2013 2014 ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK 2016 (Tentative) 31 Dec 2010 TAS Implementation TAS 19: Employee Benefits (KBank early adopted in 4Q10; the formal effective date is January 1, 2011) ➤ Use actuarial techniques to determine retirement reserve for eligible staff TAS 12: Income Taxes (KBank early adopted) (KBank early adopted in 4Q10; the formal effective date is January 1, 2013) ➤ Use deferred income tax concept to record tax asset/liability Other TASS 1 Jan 2011: New financial statement presentation BOT's New Financial Statement Presentation/Convention ➤ New and reclassified presentation lines in financial statement in order to align with the revised TAS Note: TAS = Thai Accounting Standard Phase 2: TAS/TFRS Implementation TAS 21: Effects of Changes in Foreign Exchange Rates ➤Translate 'Functional Currency' to 'Presentation Currency' TFRS 8: Operating Segments >Present operating results for each key segment IFRS Conversion TFRI 13: Customer Loyalty Program ➤Defer portion of income for reward credit granted บริการทุกระดับประทับใจ Full IFRS Conversion IFRS 9 (IAS 39), IFRS 7 and IAS 32: Financial Instruments ➤Thai banks have implemented a new provisioning rule under IAS 39, since December 2006 ➤ Thai banks have complied with IAS 39 when reporting embedded derivatives, since 2008 IFRS 4: Insurance Contracts ➤ Re-measuring insurance liability to reflect current market situation ➤ Unbundling of deposit components IFRS13: Fair value measurement (Revised timeline from 2013 by Federation of Accounting Professions) ➤ Clear required factors in fair valuation and disclosure about valuation techniques 87 22 K EXCELLENCE ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Updates on the Deposit Protection Agency (DPA) DPA Objectives and Missions Enhanced understanding of the deposit protection scheme ■Close cooperation with related authorities to maintain stability of the financial institution system Establishment of an appropriate system for premium collection and sound management of the Deposit Protection Fund ■Development of an effective information system to ensure fairness of the deposit protection scheme, with accurate and rapid reimbursement ■Management according to Good Governance Principles and in compliance with international standards established by the International Association of Deposit Insurers Amount of Insured Deposits ■Insured deposits include deposits and accrued interest denominated in Thai Baht accounts, excluding non-resident Thai Baht accounts ■Blanket guarantee will be gradually phased-out to a limited coverage of Bt1mn per depositor per institution Until 2011, Thai banks paid 0.40% per year of the daily average deposit amount (paid in June and December), excluding deposits in foreign currencies and deposits from financial institutions not insured by the DPA Since January 27, 2012, the contribution rate increases from 0.40% to 0.47%, of which 0.46% is paid to the BOT to manage FIDF debts* and 0.01% is paid to the DPA ■Royal Decree on an extension of deposit protection coverage was announced in the Government Gazette on September 24, 2012 Deposit Accounts in Thailand (as of March 2013) Insured Deposit Under new Royal Decree 11 August 2012-10 August 2015 Up to Bt50mn 11 August 2015-10 August 2016 Up to Bt25mn 10 August 2016, onwards Up to Bt1mn Deposits (Corporate and Retail Deposits) Less than Bt1mn More than Bt1mn, but less than Bt50mn More than Bt50mn Total # of Accounts % Amount (Bt mn) % 80,430,979 1,201,078 15,545 81,647,602 98.51% 2,561,209 1.47% 4,552,253 0.02% 100.00% 3,176,253 10,289,715 24.89% 44.24% 30.87% 100.00% Source: DPA, Bank of Thailand (BOT), KBank, KResearch * According to the BOT announcement in Government Gazette, per the authority of the emergency decree, dated May 11, 2012, financial institutions are required to pay 0.46% of the average deposit amount, B/Es, debt instrument (excluding the amount counted as capital), borrowings, securities transactions under repurchase agreements, beginning January 27, 2012 บริการทุกระดับประทับใจ 88

View entire presentation