KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
Net Fee Income Structure
June 2020 (Consolidated)
Net Fee Income by Product
Credit Card
Others
17%
Business
12%
Transaction
Services
23%
Fund
Management
Business
23%
Trade Finance Commercial
6%
Cash
Management
3%
Credit
16%
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Credit Card Business (mainly from credit card, merchant fees)
Transaction Services
(such as ATM & debit cards, bill payments, money transfers, etc.)
■Commercial Credit (mainly from commercial credit related fees)
Cash Management (such as fees from payroll accounts)
Trade Finance
Fund Management Business (mainly from mutual fund and securities service fees)
Others (such as brokerage fee, capital market business, etc.)
Loan Related and Non-loan Related Fees - net
Loan-
related
Non- 13%
loan
related
87%
Note:
- On the consolidated basis, Bancassurance fees are not included, due to the
elimination of inter-company transactions (the accounting treatment from the
Muang Thai Group Holding consolidation)
- On the consolidated basis, Net Premium Earned - net (Net Premium Earned
Less Underwriting Expenses) from Muang Thai Life Assurance (MTL) is reported
as a part of non-Interest Income; KBank has a 38.25% economic interest in MTL
- 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,
which were based on the prior accounting standards (non-TFRS9)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Net Premium Earned - net
June 2020 (Consolidated)
Net Premium Earned and Underwriting Expenses
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Net Premium Earned - net
(Bt bn)
14
10.26
9
5.94
33.8933.73
3.54
4
0.16
-0.16
-1
2016
2017 2018 2019
1 H20*
(Bt bn)
120
99.79
94.45
100
93.85 91.43
84.18
87.90 80.49
80.65
80-
60
40
20
0
2016
2017
■Net Premium Earned
2019 1H20*
Underwriting Expenses
Net premium earned-net decreased YoY
2018
Net Premium Earned (Bt bn)
Underwriting Expenses (Bt bn)
Net Premium Earned - net (Bt bn)
Net Premium Earned (% Growth YoY)
Underwriting Expenses (% Growth YoY)
Net Premium Earned - net (% Growth YoY)
Note:
■Net Premium Eamed - net
Net Premium Earned - net = Net Premium Earned less Underwriting Expense
65
2016
2017
2018
2019
1H19
1H20
1Q20
2Q20
94.45
99.79
91.43
80.49
40.45
33.89
15.80
18.09
84.18
93.85
87.90
80.65
39.85
33.73
15.60
18.13
10.26
5.94
3.54
(0.16)
0.60
0.16
0.20
(0.04)
10.62%
15.26%
(16.83%)
5.65% (8.37%)
11.49% (6.34%)
(42.17%) (40.41%)
(11.97%)
(8.24%)
(104.63%)
(17.75%) (16.21%) (21.32%)
(13.97%) (15.35%) ! (22.17%)
(79.09%) (73.49%) 458.72%
(11.18%)
(8.46%) !
(107.19%)
KBank acquired additional ordinary shares in MTGH, to hold a 51% stake valued at Bt7,529mn. As the MTGH Acquisition was completed on November 30, 2009. As the MTGH acquisition was completed on
November 30, 2009, the Bank's consolidated financial statements from 2010 include the performance of companies in the MTGH Group for the whole year.
* 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, which were based on the prior accounting standards (non-TFRS9).
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