KASIKORNBANK Economic and Subsidiaries Performance Overview
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Composition of Growth: Net Fees and Non-interest Income
June 2023 (Consolidated)
Total Operating Income - net
160.49 154.89
(+3%) (-3%) (+5%)
Non-interest Income Ratio and Net Fee Income Ratio
(Bt bn)
50%
163.35
173.26 I
200
(+6%)
40%
36%
94.64
30%
150
23%
27%
36%
30%
27%
30%
23%
21%
22% 23%
124%
(+15% YoY)
19%
17%
100
20%
24%
50
64%
70%
73%
77% I
10%
76%
0%
0
2019
2020*
2019
1H23
(Bt bn)
70
57.80
60 (+2%)
3% 45.87
2020*
2021
2022
■Net interest income
Non-interest income
Non-interest Income
■Other operating income
2021
2022
1H23
Non-interest income ratio Net Fee income ratio
Net Fee Income
■Fee and Service Income-net
43.96
50
(-21%) (-4%)
40.26 |
(Bt bn) 36.74
Net earned premium - net
4%
3%
(-8%)
40
(-4%)
5% 123.07
33.00 35.32
(-10%) (+7%)
40
32.88 1
(-7%)
64%
Dividend Income
30
I 15.83
30
(+26% YoY)
82%
5%
Share of profit from investments on equity
method
20
(-7% YoY)
20
69%
Gain on investments
10
10
5%
3%
9%
8%
9%
0
-0.3%
2019
18% 13%
20201%
.3% 31%
0
13%
4%
2%
0.3% 2%
2021-4% 2022-8% 1H23-1%
-11%
Gain on financial instrument measured at
FVTPL
2019
2020*
2021
2022
1H23
(Gain on Trading and FX transactions-Old)
- Net Fee Income Ratio = Net Fee Income / Total Operating Income - net
5% 0.1%
15%
14%
72% 80%
1H23 non-interest income
accounted for 24% of total net
operating income and net fee
income accounted for 17%.
Non-interest income increased
26% YoY, mainly due to higher
mark-to-market financial
instruments measured at fair value
through profit or loss according to
market conditions, while net
premium earned - net decreased
YoY from higher underwriting
expenses, although net premiums
earned still had growth.
1H23 net fee income decreased
-7% YoY mainly from brokerage
and fund management businesses
in line with market conditions, and
a drop in transaction service fees.
Note: Non-interest Income Ratio = Non-interest 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
15
K
KASIKORNTHAI
Cost to Income Ratio
June 2023 (Consolidated)
Cost to Income Ratio
(%)
(%)
50
45.32
45.19
43.49
43.15
42.94
6
40
30
20
10
0
2019
2020*
2021
2022
1H23
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Cost to Average Assets Ratio
4
2.26
2.01
1.83
1.79
1.91
2
0
2019
2020*
2021
2022
1H23
1H23 cost to income ratio was 42.94%, 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 and an
increase in customer service expenses according to business volume).
Focus on cost management and productivity improvement, with new investments for future growth.
Cost to Income Ratio (%)
Cost to Average Assets Ratio (%)
2019
2020
45.32
45.19
2021
43.49
2022
1H22
43.15
43.18
1H23
42.94
1Q23
42.50
2Q23
43.37
2.26
2.01
1.83
1.79
1.71
1.91
1.87
1.96
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).
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