Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
Retail Business: Key Performance
Multi-Corporate
Business
Large Corporate
Business
Medium Business
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Small & Micro
Business
High Net Worth
Individual
Affluent
Middle Income
Mass
•
.
.
.
Empower Retail customers in everyday life
Offering digital lending services to small-pocket customers to accelerate financial inclusion i.e., Buy-Now-Pay-Later
Democratizing savings and investments through digital capability and integrated investment platform
Strengthening digital-led experience with various ecosystems and by leveraging K Plus
Connecting with partners and providing cross-platform loyalty program
K+ #1 Digital banking
⚫ NPS: Mobile Banking Level by Nielsen 2022
• Recognition Award from national & international
institutes
#3 Mortgage loan outs
Top 3 among commercial banks with 8.4% market
share in 9M22; steady growth and maintain good
portfolio quality
Mortgage Loan
9.2%
(% Market Share)
10%
8.3%
7.7%
5%
Key Performance
#1 Debit Card spending
• Maintain top position by delivering value and benefits
matching customer lifestyles
Spending volume continuously growing > Bt96bn or
increase 2% YoY
#1 Mutual Fund AUM
Highest share, 21.8% in Y2022
⚫Highest share in Money Market & Fixed Income Fund,
Term Fund and Foreign Investment Fund
#1 Credit Card spending
with 23.3% market share in 9M22
#2 No. cards
⚫ with 15.5% market share in 9M22
⚫ Card-accepting merchant services (online
& offline platforms): ranked #1, with 33%
market share by sales volume in 9M22
#2 Bancassurance Premium
• MTL ranked #2 in total, new business and
renewal premiums with 9M22 market share of
17.1%, 19.0%, and 16.0% respectively.
Bancassurance
Mutual Fund
9.4%
8.4%
(% Market Share)
30%
22.1%
20.5% 20.1%
21.8% 21.8%
20%
(% Market Share)
30%
20% -15.8%
28.5%
24.8%
23.8%
23.0%
21.8%
20.1%
19.3%
19.9%
16.6%
17.18.4%
19.0%
17.1%
16.0%
10%
0%
0%
10%
0% +
2018
2019 2020 2021 9M22
2018 2019 2020 2021 2022
2018
2019
บริการทุกระดับประทับใจ
New Business
2020
Total Premium
2021
9M22
Renewal Premium
55
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
KBank and MTL Enter the 10 Years Bancassurance Agreement
■This transaction is a connected transaction, per Thai regulations, as it is conducted with MTL, a subsidiary which
KBank effectively holds 38.25% shares. This transaction does not require shareholder approval at the
Shareholders' Meeting as it is a normal business transaction conducted with general trading conditions.
■ KBank deems this transaction as a very important transaction. As such, KBank wants to solicit shareholder
participation in the decision so as to enhance transparency and be consistent with good corporate
governance practices.
■KBank's Board of Directors resolved to submit the transaction for shareholder approval at the Extraordinary General
Meeting of Shareholders on August 26, 2021, and the Extraordinary General Meeting approved the transaction.
■KBank views the continuity of distributing the life insurance products of MTL according to this new Bancassurance
Agreement, will:
Provide maximum benefits to KBank's overall insurance business value;
Provide more favorable conditions and greater benefits to KBank;
Continue the cooperation through a 10-years relationship with MTL, a leading life insurance company;
Cause no disruption in business operations with MTL and services provided to KBank customers.
■KBank appointed three external independent advisors to provide opinions on the transaction.
■ Key transaction summary of this exclusivity bancassurance agreement :
KBank will receive payment of Bt 12.7 bn and annual performance bonus, in return for distributing MTL's life
insurance products, health and critical illness insurance products.
Amortization of BA agreement value (Bt 12.7 bn) and performance bonus will be recorded in non-interest
income in Bank only financial statement and in non-controlling interest in consolidated financial statement.
บริการทุกระดับประทับใจ
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