KBank's Strategic Acquisition in Muang Thai Group Holding
K
KASIKORNTHAI
Net Fee Income
March 2023 (Consolidated)
Net Fee Income
(Bt bn)
36.74
40
35.32
33.00
32.88
30
20
10
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Net Fee Income to Net Total Operating Income
(%)
30
22.89
21.31 21.62
18.98
20
17.42
8.11
10
0
2019
2020
2021
2022
1Q23
0
2019 2020 2021
2022
1Q23
■1Q23 net fee income decreased 8.13% YoY from high-base brokerage and fund management business in 1Q22 in line
with market condition.
Net fee income to net total operating income was 17.42% in 1Q23.
2019
2020
2021
2022
1Q22
1Q23
4Q22
1Q23
Fee Income (Bt bn)
Fee Income-net (Bt bn)
Fee Income Growth (%YoY)
Net Fee Income Growth (% YoY)
Net Fee Income to Net Operating Income Ratio (%)
Note:
50.58
45.70
36.74
33.00
48.63
35.32
48.35
12.37
12.53
32.88
8.83
8.11
(1.19%) (9.65%) 6.41%
(3.61%) (10.17%) 7.01%
22.89
21.31
21.62
(0.58%)
(6.89%)
18.98
(1.97%) 1.31%
(6.36%) (8.13%)
21.75 17.42
12.20
7.78
8.11
(0.22%) 1.31%
(11.09%) (8.13%)
15.75 17.42
12.53
- On the consolidated basis, Bancassurance fees are not included in net fee income since November 30, 2009, due to the elimination of inter-company transactions (the accounting treatment from the Muang Thai
Group Holding consolidation)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Net Fee Income Structure
March 2023 (Consolidated)
Net Fee Income by Product
Brokerage
business
5%
Others
12%
Credit card
business
16%
Fund Management
Business
22%
Transaction services
16%
Commercial
Cash credit
management 17%
Trade 4%
finance
8%
Loan Related and Non-loan Related Fees - net
Non-loan
related
84%
Loan
related
16%
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
■Credit card business (mainly from credit card, merchant fees)
■Transaction services (such as ATM & debit cards, bill payments, money transfers, etc.)
■Commercial credit (mainly from commercial credit related fees)
Cash management (such as fees from payroll accounts)
■Trade finance
■Fund Management Business (mainly from mutual fund and securities service fees)
■Brokerage business
Others (such as capital market business, etc.)
Note:
- On the consolidated basis, Bancassurance fees are not included, due to the
elimination of inter-company transactions (the accounting treatment from the
Muang Thai Group Holding consolidation)
- On the consolidated basis, Net Premium Earned - net (Net Premium Earned
Less Underwriting Expenses) from Muang Thai Life Assurance (MTL) is reported
as a part of non-Interest Income; KBank has a 38.25% economic interest in MTL
บริการทุกระดับประทับใจ
77
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