KBank conducts commercial banking, securities and other related businesses per the Financial Institutions Business Act, Securities and Exchange Act and other regulations. KBank primarily provides financial services via an extensive branch network nationwide. As of June 30, 2025, KBank has 756 branches, 9,907 self-service channels to help customers conduct transactions on their own and international network includes 16 establishments in 8 countries. Number of K PLUS users was 23.4 million.
| 6M25 | 6M24 | 2024 | 2023 |
|---|
| Revenues | 97,702.38 | 100,526.98 | 198,243.61 | 192,653.62 |
| Expenses | 40,855.47 | 41,210.17 | 84,250.35 | 84,968.41 |
| Net Profit (Loss) | 26,279.64 | 26,540.04 | 49,603.21 | 42,405.04 |
| Assets | 4,374,808.44 | 4,247,540.27 | 4,340,954.36 | 4,283,556.38 |
| Liabilities | 3,720,644.96 | 3,636,282.61 | 3,695,292.13 | 3,686,721.07 |
| Shareholders' Equity | 654,163.48 | 544,470.61 | 568,725.55 | 596,835.31 |
| Operating | 84,508.17 | 30,372.58 | 77,859.94 | 9,541.31 |
| Investing | -67,049.58 | -33,114.15 | -60,153.96 | -8,008.37 |
| Financing | -27,411.69 | -15,750.63 | -20,291.61 | -9,900.72 |
| EPS (Baht) | 10.94 | 11.04 | 20.20 | 17.58 |
| GP Margin (%) | ||||
| NP Margin (%) | 23.44 | 22.10 | 16.19 | 14.70 |
| D/E Ratio (x) | 5.69 | 5.95 | 5.72 | 6.18 |
| ROE (%) | 9.33 | 9.99 | 9.13 | 8.29 |
| ROA (%) | 1.21 | 1.25 | 1.15 | 0.99 |
KBank remains committed on being a Bank of Sustainability and delivering sustainable value to all stakeholders, including customers, shareholders, employees, regulators, and the society. The Bank's organizational culture, K-Culture, guided by five core values: Customer at Heart, Collaboration, Agility, Innovativeness and Integrity. With strategic imperatives prioritize customers’ demands across all segments, KBank has established "3+1 Strategy and Productivity" as the organization’s strategic framework as follows:
- Strategy 1: Reinvigorate Credit Performance
- Strategy 2: Scale Capital-Lite Fee Income Business
- Strategy 3: Strengthen and Pioneer Sales and Service Models to Deliver Value-based Results
- Strategy +1: New Revenue Creation for Medium and Long-Term
- Productivity: Elevate innovation and productivity
KBank operates its business in line with the principles of a Bank of Sustainability, which covers three aspects: Environmental: Ensuring environmental stewardship towards a low carbon society; Social: Being a responsible corporate citizen to create a sustainable society; Governance and Economic: Being an accountable bank to create sustainable profitability.
ROA = Net profit (attributable to equity holders of the Bank) calculated on an annualized basis divided by average assets;
ROE = Net profit (attributable to equity holders of the Bank) deduct distribution from other equity instruments after income tax
calculated on an annualized basis divided by average equity of
equity excluded other equity instruments
- In 2025, the Bank has set Strategic Priorities for 2025-2027, defined as the 3+1 Strategy and Productivity. In addition to continuing the 3+1 Strategy from 2024, the Bank will place strong emphasis on improving productivity as a core part of its strategy. This involves enhancing innovation to increase internal operational efficiency, leveraging advanced technologies such as AI, and boosting the human intelligence of employees. The goal is to build an organization with a culture of learning and high productivity, which will lead to greater competitive capabilities and support the Bank’s position as a leading financial service provider in the region.
- KBank has earned a position in the Dow Jones Sustainability Indices (DJSI) 2024 for the ninth consecutive year, and is the first Thai bank to be selected for both the DJSI World and Emerging Markets Indices. The Bank earned the A List (Leadership Level) ranking for three consecutive years, based on the 2024 sustainability assessment of CDP.
- Lead in Overall Brand NPS according to 2024 results (Branch, e-Machine, K PLUS and K-Contact Center), KBank has been ranked #1 in the category of overall services and channels for six consecutive years.
For operating performance during the first half of 2025 compared to the restated performance for the same period of 2024, the Bank and its subsidiaries reported a decrease in operating profit before expected credit loss and income tax expense by 4.16%, due to a decline in net interest income by 6.95%, in line with interest rate conditions and lending rate reduction. This resulted in a decrease in net interest margin to 3.36%. Meanwhile, non-interest income increased by 9.55%, due mainly to gains on financial instruments measured at fair value through profit or loss, investment income, and net fees and service income. Cost to income ratio stood at 41.82%, reflecting continued operational efficiency improvements. Meanwhile, ECL declined by 14.94%, in line with a prudent approach and prevailing economic conditions. Coverage ratio increased to 162.77%. As a result, net profit attributable to equity holders of the Bank for the first half of 2025 decrease 0.98%. The capital adequacy ratio per the Basel III Accord was 20.66%, greater than BOT’s requirement. read more
- Growth of assets under management (AUM) grew 6.4% YTD, above market performance, primarily driven by growth of low-risk mutual funds. This includes money market funds, fixed-income funds, and term funds, which accounted for a 27 percent market share within the same investment group.
- Bancassurance Products: Focus was made on need-based offerings across living benefit, retirement planning, and legacy transfer, driving 27% YoY growth in Ordinary Life (ORD) new business premium.
- FX Business: Revenue showed continuously growth YoY, driven by ATM & FX booth coverage expansion in strategic locations, and usage increased of K PLUS Go Inter in China, Japan, Malaysia, and more than 40 other countries globally.
- Cross-Border Business: Low-value remittance via K PLUS showed steady growth, driven by the expansion of service coverage globally, from the previous reach of 62 countries.
KBank places great emphasis on effective and timely risk
management. Risk management policies, tools and processes are
developed and reviewed regularly to align with international
standards, changes in regulatory requirements, emerging risks and
the prevailing business circumstances. These efforts ensure that
KBank can guard against rising risk trends amid market volatility
while fostering sustainable growth.
| as of 30/06/25 | KBANK | BANK | SET |
|---|---|---|---|
| P/E (X) | 7.44 | 7.09 | 14.76 |
| P/BV (X) | 0.62 | 0.61 | 1.03 |
| Dividend yield (%) | 7.82 | 7.28 | 4.39 |
| 30/06/25 | 30/12/24 | 28/12/23 | |
|---|---|---|---|
| Market Cap (MB) | 363,691.79 | 368,430.44 | 319,859.23 |
| Price (B/Share) | 153.50 | 155.50 | 135.00 |
| P/E (X) | 7.44 | 7.76 | 8.83 |
| P/BV (X) | 0.62 | 0.67 | 0.61 |
