Currency and Interest Rate Outlook

K KASIKORNTHAI Net Fee Income June 2021 (Consolidated) (Bt bn) 41.31 Net Fee Income ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Net Fee Income to Net Total Operating Income (%) 30 26% 25% 23% 21% 22% 40 30 20 38.12 36.74 33.00 20 18.01 10 10 0 2017 2018 2019 2020 1H21 0 2017 2018 2019 2020 1H21 ☐ 1H21 net fee income rose 6.57% YoY, mainly from fund management business and brokerage business; while fee from money transfer decreased ■Net fee income to net total operating income was 22.26% in 1H21. 2017 2018 2019 2020 1H20 1H21 1Q21 2Q21 Fee Income (Bt bn) 51.76 51.19 Fee Income-net (Bt bn) 41.31 38.12 50.58 36.74 45.70 23.27 24.45 12.62 11.84 33.00 16.90 18.01 9.43 8.58 Fee Income Growth (%YoY) Net Fee Income Growth (% YoY) Net Fee Income to Net Operating Income Ratio (%) 6.43% 6.07% 26.33 (1.10%) (1.19%) (7.72%) (3.61%) 24.52 22.89 (9.65%) (10.17%) 21.31 (5.35%)! (5.48%) 6.57% 21.33 22.26 5.11% 2.27% 8.32% 6.56% 6.57% 23.56 20.99 Note: - 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) * 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 Net Fee Income Structure June 2021 (Consolidated) Net Fee Income by Product ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Others 10% Brokerage business 9% Fund Management Business 26% Trade finance 6% Credit Card Business 12% Transaction services 17% Commercia I credit 16% Cash management 4% ■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.) Loan Related and Non-loan Related Fees - net Loan related 13% Non-loan related 87% 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 - 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) บริการทุกระดับประทับใจ 73 74

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