KBank Subsidiaries and ASEAN Economic Strategy slide image

KBank Subsidiaries and ASEAN Economic Strategy

K KASIKORNTHAI Shareholder Structure April 10, 2020 (Record Date) Shareholder Structure Top 10 Shareholders* ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK % 1. THAI NVDR CO., LTD** 18.550 2. STATE STREET EUROPE LIMITED 8.510 3. Thai Shareholders 51% SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED 5.936 Foreign Shareholders 49% 4. SOCIAL SECURITY OFFICE 3.589 (NVDR 5. BNY MELLON NOMINEES LIMITED 3.299 = 18.550%**) 6. THE BANK OF NEW YORK MELLON 2.338 7. STATE STREET BANK AND TRUST COMPANY 2.132 8. SOUTH EAST ASIA UK (TYPE A) NOMINEES LIMITED 1.669 Note: 9. NORTRUST NOMINEES LIMITED-NTO SEC LENDING THAILAND CL AC 1.362 Thai Shareholding Limit Foreign Shareholding Limit 51% 49% 10. GIC PRIVATE LIMITED Other Shareholders Total 1.310 51.305 100.000 Note: The Top 10 Shareholders are based on individual accounts ** Thai NVDR Co., Ltd (Thai NVDR) is responsible for issuing and selling Non-Voting Depository Receipts (NVDRS) to investors. The Stock Exchange of Thailand (SET) is the major shareholder, holding 99.99% of the total shares, of Thai NVDR. The NVDR limit for KBank is 25%. *** Thailand Securities Depository Company Limited (TSD), a subsidiary of the Stock Exchange of Thailand, provides three types of securities post trade services: securities depository services, securities registration services, and provident fund registration services; the shareholders booked under TSD are those who are not eligible for dividend payments as their investment is not aligned with their citizenship (i.e. foreign investors buying KBank shares on the local board or Thai investors buying KBank shares on the foreign board) Source: Thailand Securities Depository Company Limited (TSD), the Stock Exchange of Thailand website (www.set.or.th), and KBank บริการทุกระดับประทับใจ K KASIKORNTHAI Credit Ratings As of Aug 24, 2020 Local Currency/ National Long-term Subordinated KBank Foreign Currency Senior Unsecured Subordinated Debts Notes Long-term * Debts Outlook ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Thailand Government Outlook Foreign Local Currency Currency S&P's BBB+ Watch BBB+ N/A N/A N/A BBB+ A- Negative¹) Stable 2) Moody's Baa1 Baa1 Baa3 Baa1 N/A Stable ³) Baa1 Baa1 Stable 4) Fitch BBB5) BBB5) BB+5) AA+ (tha) AA-(tha)5) Stable BBB+ BBB+ Stable 6) Note: * Moody's: Foreign Currency Long-term Deposit Rating; S&P's: Long-term Counterparty Credit Rating; Fitch Ratings: Foreign Currency Long-term Issuer Default Rating 1) August 24, 2020: S&P's changed the outlook on the long-term ratings of two Thai banks, including KBank, to watch negative from stable, following the change in the outlook for the banking industry outlook to negative from stable on August 21, 2020 2) April 13, 2020: S&P's downgraded its outlook on Thailand's sovereign credit rating to 'Stable' from 'Positive'; reflecting its view that the COVID-19-induced economic uncertainty and the state of emergency declaration could delay political transitions expected under the civilian government over the next 12 months 3) April 22, 2020: Moody's changed the outlook on the long-term ratings of ten Thai banks, including KBank, to stable from positive, following the change in the outlook for the sovereign's rating to stable from positive on April 21, 2020 4) April 21, 2020: Moody's changed the outlook on the Government of Thailand's issuer ratings to stable from positive, as the drivers of the outlook change to positive July 2019 have become significantly less likely to materialize, such as delays in policy implementation, ongoing political tensions, and the deep economic shock caused by the COVID-19 outbreak 5) April 2-8, 2020: Fitch downgraded KBank's ratings, including SCB, BBL and BAY, due to the challenging operating environment and the large-scale economic disturbance caused by the COVID-19 pandemic 6) March 17, 2020: Fitch downgraded the outlook of Thailand to stable from positive, reflecting the evolving impact of the global COVID-19 outbreak on Thailand's economy through its tourism sector as well as lingering uncertainty in Thailand's political environment following the country's transition to civilian rule บริการทุกระดับประทับใจ 103 104
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