Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
Y2022 Financial Performance
Consolidated
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
NIM
2021 Actual Y2022 Actual
Y2022 Targets
3.21%
3.33%
Notes (Y2022)
Y2022 NIM increased YoY due to higher yield on loans as small
3.15-3.30% ticket lending (SME and Retail) increased, and higher lending rates.
More than 90% of interest income received in cash.
Loan Growth
7.88%
3.03%
6-8%
Net Fee Income
7.01%
-6.89%
Growth*
Y2022 loans grew YoY mainly from corporate business and small
ticket lending (SME and Retail) while home loan decreased.
However, loans decreased in 2H22 from NPL outflow management.
Y2022 net fee income decreased YoY mainly due to a decrease in
fees from fund management and brokerage business in line with
Flat growth market conditions and drop in transaction service fee rate, while
fees from card business increased according to customer spending.
Cost to Income
Ratio**
43.49%
43.15%
Low to
Mid-40s
Credit Cost per
173 bps
year (bps)
NPL Ratio
(Gross)***
ROE****
ROA
Y2022 cost to income ratio slightly decreased YoY from net total
income increased, while higher operating expense (mainly from
marketing and IT expense). Focus on cost management and
productivity improvement, with new investments for future growth.
Credit cost increased YoY due to prudent consideration of the
211 bps Up to 160 bps uncertain economic outlook and business strategy. NPL ratio
dropped from proactively embarking and cooperating with
professional partners to enhance the effectiveness of NPL
3.7-4.0% management. Asset quality is manageable with closely monitored
and constantly reviewed.
3.76%
3.19%
8.44%
0.98%
7.38%
0.86%
N/A
N/A
Note: * Net Fee Income = Fees and Service Income - Fees and Service Expense; ** Cost to Income Ratio = Total Other Operating Expenses to Total Operating Income - net (Total Operating income less Underwriting
Expenses); *** NPL Ratio (Gross) = NPL (gross) to total loans; NPL (gross) used in the calculation are loans to general customers and loans to financial institutions that are non-performing loans; total loans used in the
calculation are loans to general customers and loans to financial institutions **** ROE = Net profit deducted Additional Tier 1 dividend after tax/Average total equity excluded Additional Tier 1
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K
KASIKORNTHAI
Y2023 Financial Targets
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
7
NIM
Consolidated
Loan Growth
Net Fee Income
Growth*
Y2022
Actual
2022
2023
NDR Targets NDR Targets
3.33%
3.15-3.3%
3.3-3.45%
3.03%
6-8%
5-7%
-6.89%
Flat
Flat
Low to
Mid-40s
Cost to Income Ratio**
43.15%
Low to
Mid-40s
Credit Cost per year
211 bps
(bps)
NPL Ratio (Gross)***
ROE****
ROA
3.19%
7.38%
0.86%
Up to 160
bps
3.7-4.0%
< 3.25%
N/A
N/A
N/A
N/A
Notes (Y2023)
NIM rising due to higher interest rates and small ticket size lending
strategy, despite higher FIDF contribution.
Loans increase from regional expansion strategy and more
corporate lending; continued focus on quality using effective data
analytics capability.
Net fee income may decrease from lower conventional transaction
fees due to changing consumer behavior; wealth management
business continues to expand.
Moderate revenue growth; projecting higher potential investment
expenses for future growth; continuing cost management and
productivity improvements.
Credit cost peaked in Y2022. Continue proactive asset quality
175-200 bps clean up and prudent financial policy; credit cost will remain high
but gradually drop in Y2023. The credit cost will cover future
uncertainties, in line with global economic circumstances and
business strategy.
Note: *Net Fee Income Fees and Service Income - Fees and Service Expense; ** Cost to Income Ratio = Total Other Operating Expenses to Total Operating Income - net (Total
Operating income less Underwriting Expenses); *** NPL Ratio (Gross) = NPL (gross) to total loans; NPL (gross) used in the calculation are loans to general customers and loans to financial
institutions that are non-performing loans; total loans used in the calculation are loans to general customers and loans to financial institutions **** ROE = Net profit deducted Additional Tier 1
dividend after tax/Average total equity excluded Additional Tier 1
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