Kasikornbank is a banking group in Thailand. KBank was established on 8 June 1945 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. As of April 2020, the CEO is Kattiya Indaravijaya. The previous chairman and CEO, Bantoon Lamsam, who held the position for 28 years, was the grandson of the founder.
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 as ธนาคารกสิกรไทย, 'Thai Farmers Bank'
1961 - TFB 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.
1998 - KBank 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.
2012 - The first bank through which Myanmar workers can remit funds to their country; equipped its ATMs with menu in Burmese. Changed the name of KBank in China to Kāi 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.
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. As of 1Q2020 the bank had 887 branches, 8,184 ATMs, and 20,681 employees in Thailand.
Overseas branches
Kbank has two subsidiary banks: KASIKORNTHAI BANK with two branches in Vientiane and KASIKORNBANK with branches in Shenzhen, Chengdu, and Shanghai and one sub-branch in Long Gang.
Three international branches: Cayman Islands, Hong Kong, and Phnom Penh
Seven representative offices: Beijing, Kunming, Tokyo, Yangon, Ho Chi Minh, Hanoi, and Jakarta
Global partners with 76 banks in 14 countries: 51 Japanese partner banks; 10 Chinese partner banks; one Hong Kong bank; two Korean partner banks; seven ASEAN partner banks ; four European regional banks and one Indian Bank
