Mr. Chongrak Rattanapian, President of Kasikornbank Public Company Limited (SET: KBANK), stated that regarding the Bank of Thailand’s (BOT) recent announcement on new guidelines enabling the establishment of joint venture asset management companies (JV AMC), KBANK views that this depends on various factors.
Currently, the bank already has a JV AMC, JK Asset Management Co., Ltd. (JK AMC), which operates in partnership with JMT Network Services PCL (SET: JMT), as well as ARUN Asset Management Co., Ltd. (Arun AMC), a partnership with Bangkok Commercial Asset Management PCL (SET: BAM).
KBANK continuously manages and maintains asset quality and implements ongoing customer care measures, as well as cooperates with authorities in supporting customer assistance. As for the plan to transfer non-performing loans (NPLs) to Sukhumvit Asset Management Co., Ltd. (SAM), in accordance with the BOT’s direction, the bank affirms its readiness to cooperate with the authorities in customer care and support government measures.
Currently, the bank’s NPL ratio stands at 3.19%, with the target for this year remaining below 3.25%. The bank emphasizes ongoing high-quality loan growth, coupled with customer support and close asset quality management.
Ms. Kattiya Indaravijaya, Chief Executive Officer of KBANK, previously stated that for the remainder of 2025, Thailand’s economy is likely to grow at a slower rate than in previous periods. Key factors still include the increase in U.S. tariffs, which significantly impacts exports, subdued private sector investment, and persistent challenges in tourism due to competition and confidence issues, resulting in a slow recovery of core tourist markets.
It is also expected that the government’s stimulus funds will be limited, with only partial effects materializing within this year. Additionally, both domestic and global economic outlooks are projected to remain uncertain and face continued challenges into 2026.
“Amid economic challenges, KBANK continues to operate prudently, adhering to the ‘3+1’ strategy and ongoing operational efficiency enhancements, to deliver stable returns to shareholders,” Ms. Kattiya said.
