Kasikornbank

Kasikorn Bank
Public
Traded as SET: KBANK
Industry Banking, Financial Services
Founded June 8, 1945 (1945-06-08)
Founder Choti Lamsam
Headquarters Bangkok, Thailand
Number of locations
1,120 branches and 9,349 ATMs (2015)
Key people
Bantoon Lamsam (Chairman & CEO)
Products Consumer banking, Mortgage loans, Credit cards, Finance and Insurance, Corporate banking, Foreign Currency Exchange & Financial Risk Management Products, Equity & Debt Underwriting, Project Finance, Asset Management
Increase ฿39.5 billion (2015)
Total assets Increase ฿2,555 billion (2015)
Total equity Increase ฿286 billion (2015)
Number of employees
  • Increase21,663 (2015)
  • 21,213 (2014)
Subsidiaries Kasikorn Asset Management
Kasikorn Securities
Kasikorn Leasing
Kasikorn Factory & Equipment
Kasikorn Research Center
Website http://www.kasikornbank.com
ATM, Bangkok

Kasikornbank Public Company Limited (KBank, Thai: ธนาคารกสิกรไทย), formerly known as the Thai Farmers Bank (Swift code KASITHBK) is a leading banking group in Thailand. KBank was established on 8 June 1945 (2488 BE) by Choti Lamsam, with registered capital of five million baht. It has been listed on the Stock Exchange of Thailand (SET) since 1976. The current chairman and CEO is Mr Bantoon Lamsam, the grandson of the founder. In 2003, Thai Farmers Bank changed its name to KASIKORNBANK or KBank.

As of December 2015 KBank was the fourth largest commercial bank in Thailand as measured by total assets, loans, and deposits, with the market shares of 14.5%, 14.6% and 15.3% respectively. Kasikornbank has a registered capital of 30.5 billion baht with paid up capital of 23.9 billion baht and market capitalization of 360 billion baht (second largest in the banking sector on the Stock Exchange of Thailand). KBank has total assets of 2.555 trillion baht, total deposits of 1.705 trillion baht and total loans (to customers less deferred revenue) outstanding of 1.610 trillion baht. The bank offers consumer banking such as credit card services, and mortgage lending, wealth management, corporate banking services including cash management, international trade financing, lending, deposit-taking, supply chain financing, Bancassurance, FX and derivatives, investment banking, custodian services, asset management, securities service, and factoring.

KBank’s Executives
1945 : Luang Naruebetmanit (Sanguan Chudatemiya) as Chairman; Choti Lamsam (Managing Director)
1948 : Chulin Lamsam (Chairman); Kasem Lamsam (Managing Director)
1962 : Chulin Lamsam (Chairman); Bancha Lamsam (Managing Director)
1965 : Pra Nitikarnprasom (Sagnuan Chaixanien), Chairman; Bancha Lamsam, Managing Director
1976 : Bancha Lamsam (Chairman & CEO); Banyong Lamsam (President)
1992 : Banyong Lamsam (Chairman & CEO); Banthoon Lamsam (President)
2004 : Banyong Lamsam (Chairman); Banthoon Lamsam (CEO); Prasarn Trairatvorakul (President)
2010 : Banyong Lamsam (Chairman and CEO); Krisada Lamsam (Business Domain Coordinator), Predee Daochai (Risk Domain Coordinator), Teeranun Srihong (Infrastructure Domain Coordinator), Somkiat Sirichatchai (Resource Domain Coordinator)
2013 : Banthoon Lamsam (Chairman and CEO); Predee Daochai and Teeranun Srihong (President)

2016 : Banthoon Lamsam (Chairman and CEO), Predee Daochai, Teeranun Srihong and Kattiya Indaravijaya (President)

History[1]

Kasikornbank (then Thai Farmers Bank) was established on 8 June 1945, with registered capital of 5 million bahts 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 bahts and with assets of 15 million baht.

Offices

KBank HO Ratburana
KBank's HO on the bank of Chaopraya river

KBank headquarters is located on Ratburana road, Bangkok. The operations hub take place in the buildings located in Impact, Muang Thong Thani, Bangkok. The hub of sales, trading and investment banking is located at 400/22 Phahonyotin avenue. Kasikorn Research Center, Asset Management and Securities businesses are also located on Phahonyothin building.

Kasikornbank operated 1,120 branches, 9,349 ATMs, 159 foreign exchange booths and 58 international trade centers throughout Thailand.[3] The bank branch network extends throughout Thailand’s 77 provinces, as well as overseas.

Services

KBank provides financial products and services through its core business divisions:

Retail Business provides bank account, credit card, debit card, K-Personal Credit, K-Payroll Benefit, K-Home Loan, wealth management, insurance, foreign currency bank note exchange, and money transfer.[5]

SME Business offers financial products, services and solutions to SME e.g. loan, cash management, bancassurance, trade finance and foreign exchange service.

Corporate Business offers financial products, services and solutions to larger corporation e.g. Corporate Finance & Investments, Supply Chain Financing, FX & Derivatives, K-Value Chain Solutions.

Corporate and SME Products provides financial product and service to large corporate and SME customers such as cash management, trade finance, bancassurance and securities services.

Capital Markets Business offers complete range of treasury products such as foreign exchange, interest rates, and commodity hedging, structured note, aval Bills discounting, debt securities underwriting and investment.

Investment Banking Business offers advisory and financing solutions such as M&A, project finance advisory, project financing, syndicated loan including Infrastructure fund, Property fund, REITS underwriting.

Notable former employees

See also

External links

  1. "KBank's Company Background". Retrieved November 22, 2013.
  2. ทรัพย์ไพบูลย์, ธนวัฒน์ (2001). บัณฑูร ล่ำซำ ธนราชันย์ คลื่นลูกใหม่แห่งยุคไอเอ็มเอฟ. Bangkok, Thailand: แก้ววิไล. p. 49. ISBN 974-88598-2-7.
  3. "KBank Annual Reports 2015" (PDF). Kasikornbank. Retrieved March 15, 2016.
  4. "KBank at a Flance". KASIKORNBANK. Retrieved March 15, 2016.
  5. "KBank's Retail Business' Products and Services". Retrieved November 22, 2013.
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