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Kasikornbank
Company typePublic
SET: KBANK
IndustryBanking
Founded8 June 1945; 78 years ago (1945-06-08) as Thai Farmers Bank
FounderChoti Lamsam
HeadquartersPhaya Thai District, Bangkok 10400,
THAILAND
Number of locations
887 branches, 8,184 ATMs (Thailand-1Q2023)
Key people
Ms. Kattiya Indaravijaya, CEO
RevenueDecrease 185,002 million baht (2023)
Increase 38,721 million baht (2023)
Total assetsIncrease 53,485,809 million baht (2023)
Number of employees
20,684 people (1Q2023)
SubsidiariesKasikorn Asset Management
Kasikorn Securities
Kasikorn Leasing
Kasikorn Factory & Equipment
Kasikorn Research Center
Websitewww.kasikornbank.com/en/ir

Kasikornbank (Thai: ธนาคารกสิกรไทย, RTGS: Thanakhan Kasikon Thai, Teochew: Khai-thài Ngîng-hâng, simplified Chinese: 开泰银行; traditional Chinese: 開泰銀行; pinyin: Kāi Tài Yínháng, stylised in all caps), often stylised as KBank and formerly known as the Thai Farmers Bank, is a 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 since 1976. On 8 April 2003, Thai Farmers Bank PCL changed its English name to Kasikornbank PCL (official abbreviation, KBank).[1]

As of April 2020, the CEO is Kattiya Indaravijaya.[2] The previous chairman and CEO, Bantoon Lamsam, who held the position for 28 years, was the grandson of the founder.[3]

History

Kasikornbank ATM, Bangkok

Kasikornbank (then Thai Farmers Bank) 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.[4]

Financials

For fiscal year 2019, KBank reported revenues of 185,002 million baht, assets of 3,293,889 million baht, and net profit of 38,721 million baht, all up from FY2018.[6] As of 1Q2020 the bank had 887 branches, 8,184 ATMs, and 20,681 employees in Thailand.[7]

Overseas branches

KBank HO Ratburana
KBank headquarters, Bangkok

Notable former employees

See also

References

  1. ^ Achievement; Annual Report 2003 (PDF). Bangkok: Kasikornbank. 2004. p. 200. Retrieved 4 July 2020.
  2. ^ Banchongduang, Somruedi (4 July 2020). "An appointment three decades in the making". Bangkok Post. Retrieved 4 July 2020.
  3. ^ Banchongduang, Somruedi (6 April 2020). "KBank chairman's exit seen as part of succession plan". Bangkok Post. Retrieved 4 July 2020.
  4. ^ "Company Background". Kasikornbank. Retrieved 18 December 2019.
  5. ^ ทรัพย์ไพบูลย์, ธนวัฒน์ (2001). บัณฑูร ล่ำซำ ธนราชันย์ คลื่นลูกใหม่แห่งยุคไอเอ็มเอฟ. Bangkok: แก้ววิไล. p. 49. ISBN 974-88598-2-7.
  6. ^ "KBANK: KASIKORNBANK PUBLIC COMPANY LIMITED". Stock Exchange of Thailand (SET). Retrieved 4 July 2020.
  7. ^ a b "KASIKORNBANK in Brief as of 1Q20" (PDF). Kasikorn Bank. p. 15. Retrieved 4 July 2020.
  8. ^ "Contact Us: Overseas Branches". Kasikornbank. Retrieved 4 July 2020.
  9. ^ "Rapee will replace Vorapol as head of SEC". Bangkok Post. Retrieved 2020-08-21.
  10. ^ "Prasarn Trairatvorakul". bot.or.th. Retrieved 2020-08-21.
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