KBANK Announces a THB3.50 Dividend Payout with an XD Date on 17 April

Kasikornbank Public Company Limited (SET: KBANK) announced on Thursday that its Board of Directors has approved a dividend payment from the operating results for the fiscal year 2022 at the rate of THB3.50 per share.

The Ex-dividend date (XD) is set for 17 April 2023. The payment of the dividend will be made on 3 May 2023.

KBANK reported a slight annualized decrease by 6% of net profit, compared to 2021. However, its net profit plunged 70% from THB10,574 million in 3Q22 to THB3,191 million in 4Q22. Despite a better performance from net interest income and non-interest income, the decrease in net profit was mainly due to its significant surge in expected credit loss by 130% in the fourth quarter of 2022. The bank noted that an increase in ECL was due to its continuously adopting a prudent approach and to cope with uncertainties of economic circumstance. 

For the fourth quarter of 2022 compared with the third quarter of 2022, net interest income amounted to THB36,148 Million, an increase of THB3,060 Million or 9.25%, mainly due to an increase in interest income from loans to customers. 

Meanwhile, non – interest income amounting to THB13,251 Million, an increase of THB4,604 Million or 53.26%, mainly from other income that increased by THB4,415 Million or 286.73%, mainly due to the mark to market of financial assets according to market conditions.