KASIKORNBANK : spins off “KASIKORN INVESTURE COMPANY LIMITED” to reduce business costs while bolstering capabilities in financial services for retail customers

August 2, 2023

KASIKORNBANK spins off "KASIKORN INVESTURE COMPANY LIMITED" to reduce business costs while bolstering capabilities in financial services for retail customers

Guided by the strategy of long-term business growth, KASIKORNBANK (KBank) has spun off "KASIKORN INVESTURE COMPANY LIMITED" (KIV), with Mr. Patchara Samalapa assuming the position of Group Chairman of KIV. The move is aimed at enhancing flexibility in its expansion of financial services to retail customers, especially by leveraging its business partners' capabilities with KBank's existing infrastructure in order to minimize business cost and credit cost. Currently, there are 14 companies under KIV's structure with a total investment value of around 30 billion Baht.

Ms. Kattiya Indaravijaya, KBank Chief Executive Officer, said that KASIKORN INVESTURE COMPANY LIMITED, or KIV, has been established as a holding company under KASIKORNBANK FINANCIAL CONGLOMERATE in order to invest in other companies with its partners in alignment with KBank's strategy aiming to empower every customer's life and business. KIV will have a vital role in strengthening KBank and its partners through risk-based income generation under appropriate costs.

"The Bank has adjusted KIV's management model - with Mr. Patchara Samalapa assuming the position of Group Chairman of KIV - and spun off KIV to make it more flexible and agile in business operations. KBank has also expanded collaboration with its partners by leveraging the Bank's existing capabilities more efficiently. We are confident that these actions will help enhance our competitiveness in providing financial services to retail customers and generate new revenue streams for KBank, resulting in higher business profit than that managed by the Bank itself, and allowing the Bank to enjoy steady growth in a robust and sustainable manner."

Mr. Patchara Samalapa, Group Chairman of KASIKORN INVESTURE COMPANY LIMITED, said, "KIV's goal is to enhance KBank's capability in providing financial services to retail customers, with an important challenge of reducing operating cost and credit cost to ensure profitability. KIV's business operations focus on the expertise of its partners in diverse fields, along with KBank's existing infrastructure and resources, including over 20 million customers, K PLUS, financial resources, data, IT and a branch network. As a result, KIV has an in-depth understanding of a wide range of customers, allowing it to provide comprehensive financial services that meet the needs of low-income households, small-sized merchants, and customers without regular income, all of whom require financial support to bolster their liquidity. These groups can thus gain improved access to financial services within the system."

Presently, KIV's structure consists of 14 companies, with a total investment value of approximately 30 billion Baht.

For more information, please contact

Investor Relations Unit

Corporate Communications Department

Corporate Secretariat Division

KASIKORNBANK PCL

Tel. [phone] to 1, 0-2470-2660 to 1

Email:[e-mail]

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