Kasikornbank
| Kasikornbank | |
|---|---|
|
|
| Country |
 Thailand
|
| Seat |
Bangkok Thailand
|
| legal form | Corporation |
| ISIN | TH0016010R14 |
| BIC | KASITHBKXXX |
| founding | June 8, 1945 |
| Website | www.kasikornbank.com |
| Business data 2011 | |
| Total assets | 1,722 billion baht |
| insoles | 1.242 billion baht |
| Customer credit | 1,219 billion baht |
| Employee | 16,881 |
| Offices | 824 |
| management | |
| Board | Banthoon Lamsam (Chairman of the Board of Directors and CEO ); Predee Daochai and Teeranun Srihong , President |
The Kasikornbank (KBank for short; Thai ธนาคาร กสิกรไทย , RTGS : Thanakan Kasikorn Thai; translated "Thai farmer's bank ") is a Thai bank with headquarters in Bangkok . Her main business area is loans for farmers and small and medium-sized businesses .
history
The Kasikornbank was founded on June 8, 1945 by Choti Lamsam ( โชติ ล่ำ ซำ ) under the company name Thai Farmers Bank with 21 employees. Choti Lamsam was a descendant of Hakka Chinese immigrants. In the 1930s and 1940s, the Lamsam were among the "five great" Sinothai families who controlled Thai rice processing. The initial capital was 5 million baht.
On December 31, 1945, the bank had total assets of 15 million Baht and deposits of 12 million Baht. The bank has grown steadily since it was founded in 1945.
Since then, the management of the bank has been continuously in the hands of the Lamsam family. In 1948, Choti's younger brothers Chulin ( จุ ลิ นท ร์ ล่ำ ซำ ; 1904–1965) and Kasem Lamsam ( เกษม ล่ำ ซำ ) took over the management, the first as chairman of the board of directors, the other as chief manager. In 1962, Bancha Lamsam (1925–92), Choti's eldest son, took over the executive management. Together with other commercial banks founded by Chinese-born Thais, it was one of the main financiers of the many newly founded industrial and trading companies that carried the Thai "economic miracle" of the 1960s.
Since the 1970s, Kasikornbank has been one of the "four big" commercial banks in Thailand (alongside Bangkok Bank , Bank of Ayudhya and Krung Thai Bank , each of which is controlled by a Sino- Thai family). In 1976 Bancha moved to the top of the board of directors, while his younger brother Banyong Lamsam (* 1933) became president. The bank has been listed on the Stock Exchange of Thailand (SET) since the same year . After Bancha's death in 1992, Banyong again moved to the top of the board of directors and handed over the presidential post to Bancha's son Banthoon Lamsam (* 1953).
In 2003 the bank changed its English name from Thai Farmers Bank to Kasikornbank or KBank for short . However, the Thai name remained the same: kasikon ( กสิกร ) means nothing other than farmer .
In 2013, Banthoon combined the positions of board chairman and CEO in one person.
Kasikornbank is closely linked to Muang Thai Life Assurance , which is also managed by members of the Lamsam family and whose products it also sells. The Loxley Group , which is also in the hands of the Lamsam family, once traded in rice, but now mainly does so in technology products, is also long-term associated with Kasikornbank . In the history of Thailand, he had the closest ties to the military and government, for example in the procurement of aircraft and tanks, or in implementing the One Million Telephones Project in 1991.
Fiscal year 2012
On June 12, 2012, the registered capital was 30,486 million baht, the bank operates 824 branches across Thailand, 288 of which are in the Bangkok metropolitan area, and Kasikorn has eight overseas offices including Los Angeles, Hong Kong, and Cayman Islands. Islands, in Shenzhen, Beijing, Shanghai, Kunming and Tokyo. The number of employees was increased to 16,881. This is 301 more employees than at the annual financial statements on December 31, 2011.
Since 2013, Banthoon Lamsam has served as both CEO and Chairman of the Bank's Board of Directors , with Predee Daochai and Teeranun Srihong jointly serving as President.
Shareholders
As of March 13, 2015, 78.45% of the shares in Kasikornbank were in free float . On September 10, 2015, the number of shares in Kasikornbank was 2,393,260,193, of which 1,221,041,351 or 51.02% were in Thai hands and 1,172,218,842 or 48.98% were held by foreign investors, which corresponds to the prohibition of a majority foreign shareholders. However, this does not take into account that the Thai NVDR - a formally Thai company - also manages depository receipts for foreign investors in order to circumvent this ban.
- Thai NVDR Co., Ltd (Non-voting depository receipts administered by a subsidiary of the Stock Exchange of Thailand ) - 24%
- Chase Nominees Limited - 11.8%
- State Street Bank Europe Limited - 9.9%
- State Street Bank and Trust Company - 4.8%
Kasikornbank Group
The Kasikornbank Group consists of six business units:
- Kasikornbank
- Kasikorn Factoring and Equipment
- Kasikorn Asset Management
- Kasikorn Research Center
- Kasikorn Securities
- Kasikorn Leasing
literature
- Thanawat Sapphaibun: เรือ ชีวิต เจ้าสัว เลือด มังกร ตระกูล ล่ำ ซำ [Ruea Chiwit Chau Sua Lueat Mangkon Trakun Lamsam], Krung Thep Thurakit, Bangkok 2000.
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ a b c Employees and offices (as of 2012) (English; PDF; 89 kB)
- ↑ Kasikorn Bank Annual Report (PDF; 3.2 MB)
- ↑ Management
- ↑ High five. A look at the largest players. In: The Report. Thailand 2012. Oxford Business Group, 2011, p. 61.
- ↑ Jamie Mackie: Thailand. In: Chinese Business in Southeast Asia. Contesting Cultural Explanations, Researching Entrepreneurship. Routledge Shorton, London 2003, pp. 85-100, at p. 171 (fn. 7)
- ↑ a b c Kasikorn background information
- ^ Mackie: Thailand. 2003, on p. 90.
- ^ Mackie: Thailand. 2003, at p. 171 (fn. 8)
- ^ Stephan Binder, Joseph Luc Ngai: Life Insurance in Asia. Sustaining Growth in the Next Decade. 2nd edition, Wiley, Singapore 2013, p. 197.
- ↑ Improved coverage. Reforms are laying a stronger foundation for expansion. In: The Report. Thailand 2012. Oxford Business Group, 2011, pp. 84–90, at p. 90.
- ↑ Akira Suehiro: Determinants of business capability in Thailand. In: Ethnic Business. Chinese capitalism in Southeast Asia. Routledge, Abingdon (Oxon) / New York 2003, pp. 129–151, at p. 139.
- ↑ Annual report (PDF; 3.2 MB)
- ↑ Management
- ↑ Shareholder
- ↑ Tan Chwee Huat: Dictionary of Asia Pacific Business Terms , Ridge Books, Singapore 2004, p. 198, keyword Non-Voting Depository Receipt (Thailand) .
- ↑ KASIKORN FACTORY AND EQUIPMENT Co., Ltd.
- ↑ KASIKORN ASSET MANAGEMENT Co., Ltd.
- ↑ KASIKORN RESEARCH CENTER Co., Ltd. ( Memento of the original from August 20, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ KASIKORN Securities Co., Ltd.
- ↑ KASIKORN Leasing Co., Ltd. ( Memento of the original from September 9, 2012 in the Internet Archive ) Info: The archive link was automatically inserted and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
