Kasikornbank

#1664

Rank

$9.01B

MarketCap TH

TH Thailand

Country

Summary
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company's personal banking products and services include savings, current, fixed deposit, and foreign currency accounts; personal, home, and auto loans; debit and credit cards; life and non-life insurance products; investment products, such as mutual funds, stocks, and derivatives/futures exchange; money transfer and bill payment, cheque and draft, and foreign exchange services; and digital banking services. It also offers various products and services for small and medium enterprises, including savings, current, and fixed deposits; working capital, commercial, and special loans, as well as letters of guarantee; collection and payment services; life, non-life, and group insurance products; and import, export, and money transfer services. In addition, the company provides various products and services for corporate customers, such as cash management solutions, including current, savings, special savings deposit, and fixed deposit accounts, as well as collection, payment, liquidity management, and electronic service solutions; international trade solutions comprising import and export, global money transfer, guarantee, and trade finance solutions; working capital loans, term loans, special loans, and letters of guarantee; supply chain financing; life, non-life, and group insurance products; and foreign exchange and derivatives, corporate finance, securities, investment, and business card services. Further, it offers auto and equipment leasing, and venture capital management services. The company operates 839 branches. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.

History

Kasikornbank was established on 8 June 1945, with registered capital of five million baht and 21 employees. Its first office is now the Thanon Sua Pa Main Branch. The bank showed healthy performance after only six months in operation. As of 31 December 1945, or at the end of its first accounting period, the bank recorded total deposits of 12 million baht and assets of 15 million baht.

1945 - Established Thai Farmers Bank

1961 - The Thai Farmers Bank first capital increase to 14 million baht with total assets of around 400 million .

1962 - Ranked ninth largest commercial bank in Thailand with 36 branches nationwide.

1967 - Opened branches in London, Hamburg, and New York City.

1973 - Thailand's first bank to offer credit card services, the "Multi-Purpose Credit Card".

1976 - Listed on the Stock Exchange of Thailand with registered capital of 300 million baht, total assets of 60 billion baht, and 108 branches.

1980 - The first bank in Thailand to issue Floating Rate Certificates of Deposit, valued at US$25 million, on the London market.

1998 - Kasikornbank introduces SLIPS , a new financial vehicle for fundraising.

2003 - On 8 April, the English name of the bank was changed from Thai Farmers Bank PCL to Kasikornbank PCL and its official abbreviated name from TFB to KBank.

2007 - Introduced tri-language logo: Thai, Chinese, English.

2009 - KBank issued "K-My Debit Card", the first debit card service that allowed customers to personalize their debit cards.

2010 - Introduced off-hours foreign exchange dealing.

2012 - The first bank through which Myanmar workers can remit funds to their country; equipped its ATMs with a menu in Burmese. Changed the name of KBank in China to K?i tài yínháng .

2013 - Opened a branch in Chengdu, its second branch in China.

2014 - Full-service locally incorporated bank in Laos.

2017 - Upgraded entity in China to LII .

2018 - Issued US$100m worth of green bonds, a landmark achievement in Thailand


Key Team

Ms. Kattiya Indaravijaya (CEO & Exec. Director)

Mr. Pipit Aneaknithi (Pres & Exec. Director)

Mr. Patchara Samalapa (Pres & Exec. Director)

Mr. Chongrak Rattanapian (Sr. EVP, Fin. & Control Division Head, Chief Accountant and CFO)

Ms. Pornvipa Tangtrongchit (Head of Investment Banking Bus.)

Dr. Adit Laixuthai (Chief Investor Relations Office, Sr. EVP, Head of Corp. Secretariat Div & Corp. Sec.)

Mr. Phaisarn Vorasetsiri (First Sr. VP & Compliance Head)


References
Kasikornbank
Leadership team

Mr. Krit Jitjang (Pres & Exec. Director)

Dr. Pipatpong Poshyanonda (Pres & Exec. Director)

Ms. Chonchanum Soonthornsaratoon (Legal Adviser & Non-Exec. Director)

Products/ Services
Banking, Finance, Financial Services
Headquarters
Bangkok, Krung Thep, Thailand
Established
1945
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
KBANK.BK
Social Media
Fri Mar 01 2024
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