Creating the Future of Finance - Breakthrough Innovation
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
J JK Asset Management Co., Ltd. (JK AMC) KBank
Company Profile
.
Benefit to KBank
•
•
•
mt
network services
In June 2022, Thailand's first joint venture co-owned by a commercial bank (KBank via KVision) and
an asset management company (JMT via JAM), with an initial paid up capital of Bt10bn (50% by
KVision 50% by JAM)
Operating an asset management business, per the relevant laws and criteria, through the purchase
or acknowledgement of transfers of impaired assets, as well as foreclosed properties of KBank and
KBanks' affiliates, including other financial institutions and companies, both secured and unsecured
loans
Allowing KBank to manage NPLs with enhanced efficiency, while offering borrowers more options for
settling their debt that are suited to their debt servicing ability
Balance Sheet:
Income Statement:
Cash and room for new good loans
NPL, NPA and credit cost with insignificant impact on coverage ratio
Net profit from higher net interest income from new loans and lower credit cost
#1 in the AMC business within 3 years
2Q22
3Q22
2022
2025
JK AMC Business Plan
•
(Announced June 2022)
Initial NPL
transferred
• Starts Operation
• Total transfer Bt50bn*
•
Target AUM Bt100bn
(KBank and others)
KBank NPL Sales
• Bt72bn*
(accumulative amount)
Note: *Legal claim amount, not book value of transferring amount; total KBank's NPL transferred mostly to JK AMC
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K
KASIKORNTHAI
KBank: Financial Performance
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
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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