Kasikorn Bank
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| Public | |
| Traded as | : KBANK |
| Industry | Banking, Financial Services |
| Founded | 8 June 1945 |
| Founder | Choti Lamsam |
| Headquarters | Bangkok, Thailand |
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Number of locations
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1,120 branches and 9,349 ATMs (2015) |
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Key people
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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 |
 ฿39.5 billion (2015)
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| Total assets |
฿2,555 trillion (2015)
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| Total equity |
฿286 billion (2015)
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Number of employees
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| Subsidiaries | Kasikorn Asset Management Kasikorn Securities Kasikorn Leasing Kasikorn Factory & Equipment Kasikorn Research Center |
| Website |
www |
www
Kasikornbank (Thai: ธนาคารกสิกรไทย, sometimes stylised as KASIKORNBANK, also known as Kasikorn Bank or KBank and formerly known as the Thai Farmers Bank) is a major 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 since 1976. The current chairman and CEO is 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 ). 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.
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.
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.
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Wikipedia