KBank

Kasikornbank Public Company Limited (KBank) is one of the largest private banks in Thailand and occupies an important position in the financial markets with its "customer-centric, innovation-driven" philosophy. Originally known as Thai Farmers Bank, it was founded by Choti Lamsam on June 8, 1945 to provide financial support for the development of agriculture and trade in Thailand. In 1976, the bank was listed on the Stock Exchange of Thailand (stock code: KBANK) and in 2003 changed its name to Krung Thai Bank, headquartered at 388 Sukhumvit Road, Bangkok. As a public company, KBank's shareholders include institutional investors and public shareholders, and the Lamsam family is one of its major shareholders. Serving more than 20 million customers, KBank has become a leader in Thailand's banking industry with its excellence in retail banking, corporate finance, and digital services.

Bank Basic

InformationKrung Thai Bank is a commercial bank, non-state-owned or joint venture, established on June 8, 1945, headquartered at 388 Sukhumvit Road, Bangkok, Thailand. Controlled by the Lamsam family, the bank was listed on the Stock Exchange of Thailand in 1976 with a registered capital of 5 billion baht. KBank is strictly regulated by the Bank of Thailand and is required to comply with the Bank of Thailand Act and international financial standards to ensure operational transparency and the safety of customer funds. Its deposits are protected by the Deposit Protection Agency of Thailand, with a maximum coverage of 1 million baht per depositor. KBank's SWIFT code is KASITHBK and its Legal Entity Identifier (LEI) is 254900Y738Z221B28N91, reflecting its normative nature in the global financial system. The bank has about 1,000 branches and 10,000 ATMs in Thailand, as well as branches in Laos, Cambodia, China, Japan and other places, and employs about 27,000 people worldwide.

Deposit & Loan Products

DepositsKrung Bank offers a wide range of deposit products to meet the savings needs of individual and corporate customers:

• demand deposits: Including checking accounts and savings accounts, such as K-Savings accounts, the minimum opening amount is 500 baht, and the base annualized rate of return (APY) is about 0.05%, and the latest interest rate needs to be confirmed through branch or online banking.

• Fixed Deposits: Support multiple currencies such as BAHT, USD, YUAN, etc., with deposit terms ranging from 7 days to 24 months, and the minimum deposit amount is 10,000 baht. During the 2025 promotion period, the interest rate on fixed deposits can be up to 2.5% (12 months, deposit amount less than 10 million baht), which can be enquired via online banking or branches.

• Featured products:

  • High Yield Savings Accounts: such as K-Super Savings, which offer an annualized interest rate of up to 2.5% and need to maintain a high balance (e.g. more than 100,000 baht).

  • Large Certificate of Deposit (CD): Flexible tenor, suitable for customers with large amounts of funds, the interest rate needs to be queried through the branch or app.
    Customers can check the "Cloud Interest Rate" offer through the K PLUS app or online banking, and the deposit products support instant opening and interest rate calculation, and some accounts offer no transaction fee offer.

loansKrung

Bank offers a comprehensive range of loan products, including home loans, car loans, and personal lines of credit:

• mortgages: Fixed-rate and variable-rate mortgages with a loan amount of up to 80% of the value of the property and a repayment period of up to 30 years. In 2025, the variable rate is based on the minimum lending rate (MLR, about 7.10%), with a fixed interest rate as low as 3.5% (3 years), cash rebates and insurance discounts, depending on the bank.

• Car Loan: Support new and used car financing, with a loan amount of up to 3 million baht, a term of up to 72 months, an annualized interest rate (APR) as low as 1.88%, and a credit score of 660 or above.

• Personal Line of Credit: includes K-Personal Loan (APR as low as 1.88% and maximum amount of 3 million baht) and asset-backed overdraft (up to 95% of the collateral market value), with a monthly salary of 15,000 baht or more and a good credit history.

• Flexible repayment options: Mortgages and personal loans offer no penalty for early repayment, weekly or bi-weekly payment plans, and a revolving line of credit for flexible debt management.
  All loans are subject to bank approval, and customers are required to provide credit history, proof of income and asset information, subject to the terms of the loan agreement. Banks' trade finance services, such as letters of credit and trade loans, provide additional support to cross-border businesses.

Digital Service ExperienceThai

Kyong Bank's mobile banking app "K PLUS" is the core of its digital services, which is available for download on iOS 14.0 and above and Android 9.0 and above devices, with an App Store rating of 4.6 and a Google Play rating of 4.5, with users praising its quick launch (within 2 seconds) and intuitive interface. Core features include:

• Face recognition: supports biometric authentication (such as Face ID and Touch ID), combined with strong encryption technology to ensure transaction security.

• Real-time transfers: Support instant transfer of Thai baht through PromptPay, with a daily limit of up to 50,000 baht, international remittance covering more than 100 countries, and cooperate with Western Union and other platforms to provide low-rate transfers.

• Bill management: Support online bill payment, automatic deduction and e-statement, and classify transaction records in real time.

• Investment Tool Integration: Support stocks, funds, bonds, and derivatives trading with K-Cyber Invest, providing real-time market data and investment advisory services.
  K-Cyber, an online banking platform, supports multiple browsers and provides similar features, allowing customers to open an account in less than 5 minutes through the app or official website. The app supports accessibility features such as dynamic font adjustment and VoiceOver compatibility for visually impaired and hearing-impaired customers. Some users have reported occasional technical issues, but KBank continues to improve the user experience.

Technological Innovation

: Tekyong Bank is a leader in the fintech sector, driving innovation through its technology subsidiary, KASIKORN Business-Technology Group (KBTG):

• AI customer service: KBTG's AI-driven customer service system, which analyzes transaction behavior and detects fraud risks in real time, won the "Best AI Application Award" from The Digital Banker in 2023. A virtual assistant is planned to be launched in 2025 to support 24/7 inquiries and personalized financial advice.

• Robo-advisor: Provide AI-based investment management services through K-Cyber Invest, recommend diversified portfolios based on customer risk appetite, with a minimum investment of 1,000 baht and no subscription fees.

• Open Banking API Support: Follows the Bank of Thailand's Open Banking Framework, integrates with third-party service providers to provide account management and financial services interoperability, especially in the areas of trade finance and cross-border payments.

• Other innovations: The K PLUS super app integrates banking, payment, investment and lifestyle services, supports QR code payments, mobile cheque deposits and the eTradeConnect platform to simplify trade finance applications. In 2024, KBank will invest 2.3 billion baht to upgrade its cloud technology and data analytics platform to improve operational efficiency.

Featured Services & DifferentiationKrung

Bank is known for its digital services and focus on SMEs:

• SME support: Customized lending and cash management services through K SME, Participate in the SME Financing Guarantee Program of the Bank of Thailand, with a loan approval rate of up to 3 million baht in as fast as 10 seconds.

• Digital Banking: The K PLUS super app integrates banking, payment, investment, and lifestyle services to become one of the most popular digital platforms in Thailand, with 18 million users in 2023.

• International layout: It has branches in China (Shenzhen, Chengdu), Laos, Cambodia, Japan and other places to support trade financing in countries along the "Belt and Road".

• Sustainable development: Launched green bonds and preferential rate loans, supported environmentally friendly projects, and responded to the United Nations Principles for Responsible Banking, and won the "Thailand Green Finance Pioneer Award" in 2023.

• Financial Education: Financial literacy seminars are held through KBank Academy to enhance the financial literacy of customers and the community.

Market Position &

HonorTekyong Bank is one of the largest private banks in Thailand, with total assets of 2.5 trillion baht, revenue of 32.31 billion baht, and net profit of 7.53 billion baht in 2023, ranking among the top banks in Thailand. With about 1,000 branches and 10,000 ATMs, the bank serves more than 20 million customers, and occupies a leading position in the SME and retail banking segments. Its international footprint covers Southeast Asia, China, and Japan, and it ranks high on the Forbes Global 2000 list in 2023. Key accolades include:

• The Asian Banker 2023 "Best Digital Bank in Asia" Awards.

• The Digital Banker's 2023 "Best AI Application" Award.

• 2022 Greenwich Associates SME Customer Experience Award.

• Thailand Elite 2023 "Best Customer Experience Award".
  Krung Thai Bank's solid financial performance and innovative ability have made it a leader in the financial markets of Thailand and Southeast Asia.

SummaryKrung

Thai Bank Co., Ltd. is a long-established Thai commercial bank known for its excellence in digital services and SME support. The bank offers a wide range of deposit and loan products, including high-yield savings accounts, fixed deposits, and flexible mortgages and personal loans, to meet the diverse needs of customers. In terms of digital services, the K PLUS app has been well received for its efficient real-time transfer and investment management functions. Technological innovations, including AI customer service, robo-advisors, and open banking API support, demonstrate its forward-looking digital transformation. With its international presence, commitment to green finance and a number of industry accolades in 2023, Krung Thai Bank continues to demonstrate strong competitiveness and influence in the financial markets of Thailand and Southeast Asia.