KBank's Strategic Acquisition in Muang Thai Group Holding
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Composition of Growth: Net Fees and Non-interest Income
March 2023 (Consolidated)
Total Operating Income - net
Non-interest Income Ratio and Net Fee Income Ratio
(Bt bn)
163.35
173.26
200
160.49
50%
154.89
(+3%)
(-3%)
(+5%)
(+6%)
40%
36%
150
23% 1
30%
36%
30%
27%
27%
I
30%
23%
23%
25%
21% 22%
19%
100
1 46.57
20%
17%
50
64%
70%
73%
77%
1(+15% YoY)
10%
25%
75%
0%
0
2019
2020* 2021
2019
2022
1Q23
Net interest income
Non-interest income
Non-interest Income
Other operating income
■Fee and Service Income - net
(Bt bn)
70
57.80
(+2%)
60
13%
45.87
43.96
50
(-21%)
4%
40.26
(-4%)
3% (-8%)
Dividend Income
5%
40
64%
30
72% 80%
2020* 2021 2022
1Q23
Non-interest income ratio Net Fee income ratio
Net Fee Income
33.00 35.32 32.88
(-4%) (-10%) (+7%)
(-7%)!
(Bt bn) 36.74
40
Share of profit from investments on equity
method
30
82% 11.70
Gain on investments
20
20
5%
(+32% YoY)
0
Gain on financial instrument measured at
15%
10
5%
3%
FVTPL
10
8%
69%
9%
14%
18% 13% 0.3%
(Gain on Trading and FX transactions-Old)
13%
31%
Net earned premium - net
0
0
-0.3% 0.4% -2%
-0.3%
2019-1%2020 -4%2021-8% 2022
1Q23.12%
2019
8.11
(-8% YoY)
2020
2021 2022
1Q23
■1Q23 non-interest income
accounted for 25% of total net
operating income and net fee
income accounted for 17%;
non-interest income increased
32% YoY, mainly due to higher
mark-to-market financial
instruments measured at fair
value through profit or loss
according to market conditions
and net premium earned - net,
in line with insurance business
1Q23 net fee income decreased
- 8% YoY from high-base
brokerage and fund
management business in 1Q22
in line with market conditions
-10
Note: Non-interest Income Ratio = Non-interest Income/Total Operating Income - net
- Net Fee Income Ratio = Net Fee Income / Total Operating Income - net
- Net Premium Earned - net = Net Premium Earned less Underwriting Expense
* 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
Cost to Income Ratio
March 2023 (Consolidated)
Cost to Income Ratio
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Cost to Average Assets Ratio
(%)
(%)
50
45.32
45.19
43.49
43.15
6
42.50
40
4
30
2.26
2.01
1.83 1.79
1.87
20
2
10
0
0
2019 2020 2021 2022 1Q23
2019
2020
2021
2022
1Q23
1Q23 cost to income ratio was 42.50%, decreased YoY from net total income increased, despite higher operating
expense (mainly due to employee expenses from cost of living subsidy measures which were one-time expenses).
■Focus on cost management and productivity improvement, with new investments for future growth.
2019
Cost to Income Ratio (%)
45.32
2020
45.19
2021
43.49
2022
1Q22
1Q23
4Q22
1Q23
43.15
42.82
42.50
42.60
42.50
Cost to Average Assets Ratio (%)
2.26
2.01
1.83
1.79
1.69
1.87
1.99
1.87
15
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 before Y2020, which were based on the prior accounting standards (non-TFRS9).
บริการทุกระดับประทับใจ
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