KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
1H20 Performance Highlights
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Consolidated
Net Profit (Bt bn)
Profitability
- NIM
- ROE
- ROA
- YTD Loan growth
2018
2019
1Q20**
2Q20
38.46
38.73
7.38
2.18
1H20*
9.55
3.39%
3.31%
3.49%
3.22%
3.34%
10.61%
9.90%
7.26%
2.15%
4.72%
1.27%
1.20%
0.87%
0.25%
0.56%
6.17%
4.59%
2.05%
6.23%
6.23%
YoY Loan growth
6.17%
4.59%
6.70%
10.01%
10.01%
- YoY Net fee income growth
(7.72%)
(3.61%)
1.38%
(12.02%)
- YoY Non-interest income growth
(9.17%)
1.51%
(18.55%)
3.36%
(5.48%)
(7.00%)
Cost control
- Cost to income
43.96%
45.32%
45.94%
38.36%
42.00%
Asset quality
3.34%
1.75%
3.65%
3.86%
1.74%
2.35%
3.92%
3.87%
160.60%
148.60%
138.66%
155.68%
95.94%
96.62%
92.78%
92.15%
15.90%
16.19%
15.17%
15.38%
18.32%
19.62%
18.53%
18.09%
92.15%
15.38%
18.09%
- NPL ratio
- Credit Cost
-Coverage ratio
Loans to Deposits
Tier 1 Ratio
CAR
Note:
3.92%
3.11%
155.68%
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
* 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, which were
based on the prior accounting standards (non-TFRS9)
** The Bank restated the 1Q20 financial statements from the reclassification of investment in fund/ REIT to investments in FVOCI to
comply with the Federation of Accounting Professions' announcement on 25 June 2020 and reclassification some items which did
not impact to total assets, total liabilities and total equity.
บริการทุกระดับประทับใจ
■1H20 net profit decreased 52.18% YoY, due
to prudent set aside on expected credit
loss during the economic recession
resulting from COVID-19 and lower non-
interest income, while net interest income
increased from EIR (TFRS9) and lower
FIDF cost
■Loans grew 6.23% YTD, mainly from
COVID-19 relief measures (mainly from
SME) and corporate business
■NIM was 3.34% in 1H20; slightly increased
YoY mainly due to yield on loans from EIR
(TFRS9), lower FIDF cost, and savings rate
cut despite negative impact from interest
rate cut, asset quality, and high growth in
loan relief measures
■Net fee income dropped 5.48% YoY, mainly
due to loan-related fee recognition
according to TFRS 9 and fee from card
business
■1H20 cost to income ratio was at 42.00%;
continued focus on cost and productivity
improvements under pressure on slower
growth in income and new investments
■ NPL ratio at 3.92% in 1H20, with 155.68%
coverage ratio
■Capital base remained adequate
59
K
KASIKORNTHAI
Consolidated Financial Statements
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
2018
2019
2Q19
3Q19
4Q19
1Q20**
2Q20
1H20*
Interest income
Interest expenses
123,922
130,178
32,622
33,024
32,566
33,779
31,954
65,732
25,384
27,490
6,852
6,928
6,996
5,697
4,872
10,568
Interest income - net
98,538
102,688
25,770
26,096
25,570
28,082
27,082
55,164
Fee and service income
51,187
50,580
12,432
12,973
13,026
12,335
10,930
23,265
Fee and service expenses
13,070
13,840
3,286
3,516
3,619
3,485
2,883
6,368
Fee and service income - net
38,117
36,740
9,146
9,457
9,407
8,850
8,047
16,897
Gain (Loss) on financial instrument measured at FVTPL
(300)
4,723
4,423
Gain (Loss) on trading and foreign exchange transactions
9,003
8,362
2,173
1,978
1,979
Gain (Loss) on investments
2,652
8,412
464
2,934
4,753
144
205
350
Total operating income
243,380
241,144
59,211
60,999
63,401
53,650
59,306
112,956
Underwriting expenses
87,897
80,653
19,808
19,131
21,674
15,597
18,132
33,730
Total operating income - net
155,483
160,491
39,403
41,868
41,727
38,053
41,174
79,227
Total other operating expenses
68,348
72,729
17,741
17,802
21,176
17,481
15,796
33,277
Expected Credit Loss
11,872
20,192
32,064
Impairment loss of loans and debt securities
32,532
34,012
7,547
10,060
8,825
Operating profit before income tax expenses
54,603
53,750
14,115
14,006
11,726
8,699
5,186
13,886
Income tax expenses
10,395
10,309
2,690
2,674
2,304
1,349
901
2,250
Net profit attributable:
Equity holders of the Bank
38,459
38,727
9,929
9,951
8,802
7,375
2,175
9,550
Non-controlling interest
5,749
4,714
1,496
1,380
620
(25)
2,110
2,085
Statements of Financial Position (Bt mn)
Loans to customers (less deferred revenue)
Total Assets
Deposits
Total Liabilities
2018
2019
2Q19
3Q19
4Q19
1Q20**
1,914,072 2,001,956 1,933,232 1,948,492 2,001,956 2,043,093
3,155,091 3,293,889 3,256,294 3,240,134 3,293,889 3,483,527
1,995,001 2,072,049 2,004,953 1,998,886 2,072,049 2,202,112
2,737,269 2,840,174 2,813,769 2,791,551 2,840,174 3,033,814
376,298 406,358 395,840 401,045 406,358 406,789
2Q20
1H20*
2,126,753
2,126,753
3,585,800
3,585,800
2,307,997
2,307,997
3,135,108
3,135,108
402,386
402,386
Total Equity attributable to equity holders of the Bank
KBank acquired additional ordinary shares in MTGH, to hold a 51% stake valued at Bt7,529mn; the MTGH Acquisition was completed on November 30, 2009. As the MTGH acquisition was completed on
November 30, 2009, the Bank's consolidated financial statements from 2010 include the performance of companies in the MTGH Group for the whole year.
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, which were based on the prior accounting standards (non-TFRS9)..
The Bank restated the 1Q20 financial statements from the reclassification of investment in fund/ REIT to investments in FVOCI to comply with the Federation of Accounting Professions' announcement on
25 June 2020 and reclassification some items which did not impact to total assets, total liabilities and total equity.
บริการทุกระดับประทับใจ
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