Y2021 Financial Targets
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank and MTL Enter the 10 Years Bancassurance Agreement
■This transaction is a connected transaction, per Thai regulations, as it is conducted with MTL. This transaction does
not require shareholder approval at the Shareholders' Meeting as it is a normal business transaction
conducted with general trading conditions.
■ KBank deems this transaction as a very important transaction. As such, KBank wants to solicit shareholder
participation in the decision so as to enhance transparency and be consistent with good corporate
governance practices.
■KBank's Board of Directors resolved to submit the transaction for shareholder approval at the Extraordinary General
Meeting of Shareholders on August 26, 2021.
■KBank views the continuity of distributing the life insurance products of MTL according to this new Bancassurance
Agreement, will:
Provide maximum benefits to KBank's overall insurance business value;
➤ Provide more favorable conditions and greater benefits to KBank;
➤ Continue the cooperation through a 10-years relationship with MTL, a leading life insurance company;
Cause no disruption in business operations with MTL and services provided to KBank customers.
■ KBank appointed three external independent advisors to provide opinions on the transaction
Actuarial Advisor
Willis Towers Watson I.IPH
KBank's actuarial advisor to provide
opinion on transaction value relative to
market.
IFA
JC Jay Capital Advisory
JT
KBank's independent financial advisor
(IFA) to provide opinions for
Shareholders' consideration.
บริการทุกระดับประทับใจ
Legal Advisor
THANATHIP & PARTNERS
KBank's legal advisor on terms and
condition of bancassurance agreement.
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank: Risk and Credit Management
53
บริการทุกระดับประทับใจ
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