KASIKORNBANK Financial Overview
K
EXCELLENCE
Property Market: No clear sign of property bubble
Supply Side: New Housing Completions and New Projects Launched in BMR*
1,000 Units
284
300
250
200
190
136 145
150
1;
100
50
0
4443
1994
1995
1996
1997
866
1999
■New Housing Completions New Projects Launched
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Outstanding Mortgage Loans to Individuals and Property Developers to GDP
%
25.0
20.0
A
20°
14 31
13 20
52468464 66 81 68 58
117
86 102
51 50 62 75
15.0
84 62
2000
2001
2002
10.0
2009
2010
2011
2012
2007
2008
5.0
10.0 12.4
9.6
13.7
9.2 →
10.4
16.8
15.3
10.9 →
16.6
11.1
15.3
13.8
13.2
13.9
14.6
16.2
17.1
17.2
16.9
17.2
18.9
18.7
19.3
19.9
1,000 Units
200
100
148
°
2008
% (YoY)
25.0
19.4
20.0
15.8
16.0
13
0.0
10.0
10.9
5.0
9.9
0.0
-6.0
-10.0
-15.0
1992
1993
Demand Side: Transferred Properties in BMR*
181
178
151
2009
Land
2010
Price growth of Properties
2000
Single House
2005
2011
2006
2007
Townhouse
158
2012
2008
2009
2010
4.3
2.8
2012
1994
1997
2000
2008
2009
2012
2003
% Outstanding loans to Property Developers to GDP
-% Outstanding mortgage loans to GDP
■Mortgage loans to GDP is higher than the pre-crisis level, due to
several factors such as changes in consumer behavior, intense
competition among banks, and a more accessible credit market
■Outstanding loans to property developers to GDP was 4.0%, which
was lower than the pre-crisis level
■Supply Side: New housing completions and new projects launched
were still below the pre-crisis level
■Demand Side: In the last 5 years, the number of transferred
properties was still higher than the supply side figures
■Prices: Property prices are on an upward trend, albeit at a slow pace
■NPL ratio for mortgage loans at Thai commercial banks was low at
2.3% as of 4Q12
Sources: National Economic and Social Development Board (NESDB), BOT, Real Estate Information Center (REIC), Agency for Real Estate Affairs (AREA), the BOT, and KResearch
Note: *Including Condominium, Single House and Townhouse; BMR = Bangkok and Metropolitan Area
บริการทุกระดับประทับใจ
109
K
EXCELLENCE
Household Borrowing
Household Borrowing to GDP
Old Definition
New Definition
30.0%
90.0%
80.0%
77.6%
70.5%
63.3%
7.2%
70.0%
20.0%
5.9%
11.6%
60.0%
5.1%
10.5%
50.0%
9.4%
24.2%
10.0%
40.0%
23.0%
28.8%
24.6%
20.2%
30.0%
19.9%
20.0%
15.0%
11.3%
8.1%
7.9%
26.2%
28.8%
32.1%
0.0%
10.0%
8.1%
12.1%
13.3%
13.8%
0.0%
T
1991
1994
1996
1997
2010
2011
2012
Commercial Banks
SFIS
Saving Cooperatives
2001
19.0%
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
% NPL for Consumption Loans of Thai Commercial Banks
19.4%
13.5%
9.7%
6.2%
2006
5.0%
2007
4.1%
3.4%
3.1%
2.3%
2.0%
2012
1.9%
1Q13
2.0%
Non-Bank Fis Others --Total
Old Definition: Data from 1991 - 1997 are lending from commercial banks and SFIs to individual persons for consumption only
New Definition: For the data from 2010 onwards, the information accounts for all individual persons' outstanding loans from all
types of financial institutions, including saving Co-ops and non-banks
Debt Service Ratio Cross Country Comparison
50%
40%
40%
High probability of insolvency
31%
28%
29%
30%
20%
10%
0%
14.50%
14%
US (2008) UK (2008) Korea (1997) Korea (2011) Thailand
(2008)
Thailand
(2011)
Source: BOT, Bank for International Settlements (BIS), National Statistical Office (NSO), and KResearch
Household Borrowing to GDP is higher than the pre-
crisis level, due to several sectors such as changes in
consumer behavior, intense competition among banks,
and a more accessible credit market
■ Although household borrowing to GDP is rising, the
debt service ratio of Thai households is still at a
moderate level as interest rates are kept low
■NPL ratio for consumption loans of Thai commercial
banks is on a decreasing trend reflecting a better
quality of retail credit
บริการทุกระดับประทับใจ
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