Saturday April 20, 2019 11:46

KASIKORNBAN Press Releases

KASIKORNBANK announces the first quarter of 2019 net profit of Baht 10,044 Million Stcoks—19 Apr 19

Mr. Predee Daochai, President of KASIKORNBANK, said although domestic economic activities continued to grow during the first quarter of 2019, the overall economic recovery remained weak on the back of the slowing growth in the export and tourism sectors

Fitch Affirms KASIKORNBANK at #BBB+#, Kasikorn Securities at #AA(tha)# Stcoks—17 Apr 19

Bangkok--17 Apr--Fitch Ratings

Fitch Ratings has affirmed KASIKORNBANK Public Company Limited's (KBank) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+' and its National Long-Term Rating at 'AA+(tha)'. The Outlooks are Stable.

At the same time, Fitch has affirmed the National Long-Term Rating on Kasikorn Securities Public Company Limited (KS) at 'AA(tha)' with a Stable Outlook.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
IDRS, NATIONAL RATINGS AND SENIOR DEBT

The bank's IDRs, National Ratings and senior debt rating are driven by its standalone profile, indicated by its Viability Rating (VR). Peer relativity among other Thai companies with national ratings also drives KBank's National Ratings. The senior debt represents unsecured and unsubordinated obligations of the bank.

VR

KBank's VR takes into consideration its strong domestic franchise as one of the largest banks in Thailand, as well as its leadership in SME lending. The rating also reflects KBank's weakening profitability during the past few years, which may remain lower than that of its global rating peers over the medium term. We think profitability could remain under pressure in 2019 due to expected maintenance of high provisions and weakening non-in

KBank reserves 30 billion Baht in cash for the Songkran Festival Stcoks—03 Apr 19

KASIKORNBANK maintains 30 billion Baht cash reserves for KBank branches and K-ATMs to serve customers during the upcoming Songkran holiday, April 12-16, 2019. Of that total, 8.9 billion Baht is for branches nationwide, 4 billion Baht of which for

Beacon VC leads seed funding for a leading Thai rental properties management platform Stcoks—05 Mar 19

Beacon Venture Capital (Beacon VC), the corporate venture capital arm of Kasikornbank PLC. (SET: KBANK), announced its investment into a seed financing round of Horganice, a leading rental properties management platform in Thailand. The funding will

KBank unveils SATI campaign to warn Thais of online scams Stcoks—04 Mar 19

KASIKORNBANK launches "SATI" campaign to raise awareness among Thai consumers in order to stay ahead of the proliferation of online frauds. To this end, KBank has enhanced efficiency in its operational systems, technologies and personnel while also

Photo Release: Sansiri debentures worth 5.5 billion Baht are offered for subscription via four Stcoks—21 Feb 19

Mr. Apichart Chutrakul (center) Chief Executive Officer, Sansiri PCL., Mr. Thiti Tantikulanan (2nd from left), Capital Markets Business Division Head, KASIKORNBANK, Mr. Narin Opamuratawongse (left), Executive Vice President and Manager, Investment

Photo Release: KBank supports the Nan Cultivation of Wisdom project Stcoks—20 Feb 19

Recently, at KBank Phahon Yothin Building, Dr. Adit Laixuthai, right, Senior Executive Vice President of KASIKORNBANK, and Assoc. Prof. Samur Thanoi, left, Ph.D., Acting Vice President for Research and Innovation, University of Phayao, recently signed an

Beacon VC leads $6.5 million investment in Jitta, bolstering Thailands innovative WealthTech Stcoks—13 Feb 19

Beacon VC, a corporate venture capital arm of Kasikornbank (SET: KBANK), leads a funding round of $6.5 million for Jitta, Thailand's leading WealthTech startup that offers high-tech solutions for investors worldwide. The funding round, which is the

Photo Release: Central JD Fintech Holding joins hands with Bangkok Bank and KASIKORNBANK launches Stcoks—29 Jan 19

Central JD Fintech Holding, Bangkok Bank and KASIKORNBANK, have signed a memorandum of understanding to officially signify the start of a fintech partnership that seeks to drive Thailand into the digital era. Equipped with world-class innovations from JD

Central JD Fintech joins hands with Bangkok Bank and KASIKORNBANK in unveiling Dolfin Wallet the Stcoks—29 Jan 19

Central JD Money, a subsidiary of leading e-finance and fintech service developer Central JD Fintech Holding, has announced a major fintech collaboration with Bangkok Bank and KASIKORNBANK to revolutionize personal finance in Thailand, elevating the

KBank reserves 48 billion Baht in cash for the Chinese New Year Festival Stcoks—24 Jan 19

KASIKORNBANK maintains 48-billion Baht cash reserves for KBank Branches and K-ATMs to serve customers during the upcoming Chinese New Year holidays, February 2-5, 2019. Of that total, 22.3 billion Baht is for branches nationwide, 9.2 billion Baht of

KASIKORNBANK announces 2018 net profit of Baht 38,459 Million Stcoks—18 Jan 19

Mr. Patchara Samalapa, President of KASIKORNBANK, said KASIKORNBANK announced net profit for the year of 2018 of Baht 38,459 Million, an increase of Baht 4,121 Million or 12.00% over the previous year. Operating performance for the year of 2018 compared

The Amiable Stately Liaison of the Ninth Reign a book published by KBank in honor of HM King Rama Stcoks—18 Dec 18

KASIKORNBANK (KBank) has published a book titled, "The Amiable Stately Liaison of the Ninth Reign" as an act of tribute to His Majesty King Bhumibol Adulyadej Borommanathbobitra. The book chronicles the multifarious royal journeys of His Majesty and Her

Photo Release: KBank and LINE Join Forces to Establish KASIKORN LINE Company Limited A Brand-New Stcoks—13 Dec 18

Mr. Patchara Samalapa (third from right), President of KASIKORNBANK, Mr. Ariya Banomyong (far left), Managing Director of LINE Thailand , Ms.Young Eun Kim (second from left), Chief Operating Officer, LINE Financial Asia and Mr.Youngsu Ko (third from

Photo Release: KBank launches QR KBank - First Thai banks e-wallet Stcoks—11 Dec 18

Mr. Soulysak THAMNUVONG (center), Acting Director General – Payment Systems Department, Bank of Laos, along with Mr. Pattanapong Tansomboon (right), First Senior Vice President, KASIKORNBANK, and Mr. Visith SENGDARA (left), Chief Executive Officer,

KBank launches QR KBank the first Thai banks e-wallet in foreign country with Lao PDR as the first Stcoks—11 Dec 18

KASIKORNBANK (KBank) introduces the "QR KBank" – an e-wallet application to grant an access to financial services for residents of Vientiane, Lao PDR, which will be effective on December 11, 2018. This application that offers cashless convenience

Photo Release: AEON and Kasikornbank launches cardless cash withdrawal at Stcoks—26 Nov 18

Recently at KBank Head Office, Mr. Kiyoyasu Asanuma (3rd from left), Managing Director of AEON Thana Sinsap (Thailand) Public Company Limited and Mr. Nuntawat Chotvijit (2nd from left), Director of Marketing of AEON Thana Sinsap (Thailand) Public Company

GARMIN launches GARMIN Pay wallet in Thailand Matching the healthy lifestyle 4.0 with a cashless IT—15 Nov 18

GARMIN partners Thailand's leading financial institutions namely, Kasikorn Bank (KBank), Krungthai Card (KTC), Siam Commercial Bank (SCB), and global payment networks, Mastercard and VISA, to launch GARMIN Pay, a new contactless payment feature on GARMIN

KASIKORNBANK and Grab join hands to move Thailand towards a digital Stcoks—08 Nov 18

- Partnership introduces GrabPay by KBank, a co-branded mobile payment application, and financial solutions in Thailand. - KBank makes a $50 million strategic investment in Grab, its first in an international company with a core business outside of

Photo Release: KBank teams up with OCCI to bring Thai startups to a business matching event in Stcoks—06 Nov 18

Recently, at the Osaka Chamber of Commerce and Industry's office in Japan, Mr. Isara Itiravivong, Deputy Chief Representative – Tokyo, KASIKORNBANK, together with representatives from two Thai startups, namely, Mr. Pattara Thurnsiri, CEO of

KBank joins hands with Central Lab Thai to support SMEs in upgrading Thai product Stcoks—01 Nov 18

KASIKORNBANK (KBank) teams up with Central Lab Thai to support SMEs in upgrading their product standards on a par with the required international standards. Participating SMEs are advised to have their products and facilities inspected by experts in

KBank presses ahead with Customers Life Platform of Choice strategy and to become data-driven Stcoks—29 Oct 18

In the recently announced 2019 business plans, KASIKORNBANK (KBank) will press ahead to become the "Customers' Life Platform of Choice" by using K PLUS to introduce financial and lifestyle services that suit individual clients. KBank's financial and IT

KBank successfully tests instant cross-border payments with SWIFT gpi Stcoks—25 Oct 18

KASIKORNBANK (KBank) teamed up with SWIFT and a group of banks from Asia Pacific, to carry out the trial of SWIFT's new instant cross-border payments proof of concept. This trial successfully demonstrated that by enabling gpi in real-time domestic

Photo Release: KBank celebrates the successful launch of sustainability Stcoks—22 Oct 18

Recently, at KBank Head Office, Ms. Kattiya Indaravijaya, KBank President, Dr. Adit Laixuthai (second from right), KBank Senior Executive Vice President, Mr. Joris Dierckx (third from left), Regional Head for Southeast Asia, CEO for BNP Paribas Singapore

KASIKORNBANK announces the nine-month period of 2018 net profit of Baht 31,426 Stcoks—19 Oct 18

Mr. Pipit Aneaknithi, President of KASIKORNBANK, said KASIKORNBANK announced net profit for the nine-month period of 2018, KBank and its subsidiaries reported net profit of Baht 31,426 Million, an increase of Baht 2,795 Million or 9.76% over the same

KBank presents Superior strategy to delight online customer segment, offering comprehensive digital Stcoks—17 Oct 18

In response to the growing e-commerce trend and the demand of online business segment, KASIKORNBANK (KBank) presents the "Change to Understand Online Sellers" strategy. K ONLINESHOP SPACE (KOS) has been set up as a center to give advice on online

KBank and Siam Piwat team up with Fitbit and VISA A new dimension of cashless shopping via Fitbit Stcoks—16 Oct 18

KASIKORNBANK and Siam Piwat, leaders in banking and retail business, have joined hands with world-class partners Fitbit and VISA to launch a phenomenal cashless shopping innovation in Thailand, through the OneSiam-KBank Credit Card with contactless

Photo Release: KBank announces a remarkable turnaround of K PLUS with fully integrated AI to cater Stcoks—10 Oct 18

Miss Kattiya Indaravijaya (Center) and Mr. Patchara Samalapa (2nd from the right), Presidents of KASIKORNBANK (KBank) as well as Mr. Somkid Jiranuntarat (2nd from the left), Chairman of KASIKORN BUSINESS-TECHNOLOGY GROUP (KBTG), introduce a new version

KBank announces a remarkable turnaround of K PLUS with fully integrated AI to cater to individual Stcoks—10 Oct 18

KASIKORNBANK (KBank) introduces a new version of K PLUS based on a "With change, we understand you better" concept, along with novel logo and look, plus a new "Lifestyle" function to match each user's requirements. The new K PLUS will be served by the

Fitbit Launches Fitbit Pay in Thailand Stcoks—10 Oct 18

Kasikorn Bank, Krungthai Card and Siam Commercial Bank customers with a Fitbit Ionic and Fitbit Versa can now make secure contactless payments on the go Fitbit (NYSE: FIT), the leading global wearables brand, announced that starting today, Fitbit