Kasikorn Research Centre (KResearch)
Kasikorn Research Centre (KResearch) is the economic research and analysis division of KasikornBank (KBANK), one of Thailand's top-four commercial banks. Publishes regularly cited Thai macroeconomic forecasts, sector outlooks, SME surveys, and consumer-confidence indices. Research covers GDP growth, inflation, monetary policy, trade, agriculture, and industry. Reports are distributed to media, corporates, and policy institutions and widely referenced in Thai business press. Operates as an internal centre rather than a standalone legal entity.
Snapshot
Headline numbers a buyer checks first.
Founded
1990
Ongoing
Research arm of KBank (KBANK.BK)
Parent bank assets (KBank)
THB 4.1 tn
FY2023
Research reports published p.a.
~500+
2023
Headcount (analysts)
~80
2024
Profile overview
Kasikorn Research Centre (KResearch) is the economic research and analysis division of KasikornBank (KBANK), one of Thailand's top-four commercial banks. Publishes regularly cited Thai macroeconomic forecasts, sector outlooks, SME surveys, and consumer-confidence indices. Research covers GDP growth, inflation, monetary policy, trade, agriculture, and industry. Reports are distributed to media, corporates, and policy institutions and widely referenced in Thai business press. Operates as an internal centre rather than a standalone legal entity.
Research coverage areas
Macroeconomics
GDP, trade, and monetary policy outlooks
KResearch publishes quarterly Thai GDP growth forecasts, export performance projections, and monetary policy assessments. Its GDP estimates and BOT rate-decision previews are among the most widely cited forecasts in Thai business and financial media. Historical track record aligns closely with BOT official estimates.
Sector intelligence
Industry and sector performance reports
Publishes regular sector reports covering agriculture, manufacturing, banking, consumer, retail, real estate, and energy industries. Reports provide KBANK business customers with sector-specific credit-risk, growth, and business-opportunity analysis.
SME surveys
KBANK SME confidence and business surveys
KResearch conducts and publishes SME business confidence surveys and hiring-intention indicators. The KResearch SME survey is a widely referenced leading indicator for Thai small-business sector health, particularly in manufacturing, services, and agri-processing.
Trade and policy
CBAM, FTA, and trade-flow analysis
KResearch has published influential analysis on Thailand's exposure to the EU Carbon Border Adjustment Mechanism (CBAM), FTA trade-flow impacts, and bilateral corridor dynamics. Its $811.6M CBAM-impact estimate for Thai exports to the EU has been cited by government ministries and international institutions.
Thai bank-affiliated economic research centres comparison
In-house research divisions of major Thai commercial banks
KResearch (Kasikorn Research Centre)
Parent bank
KasikornBank (KBANK)
Research focus
Macro, sector, SME, trade
Primary audience
KBANK clients, media, policy
SCB EIC (Economic Intelligence Centre)
Krungsri Research
Parent bank
Bank of Ayudhya (BAY-MUFG)
Research focus
Macro, CBAM, EV supply chain
Primary audience
BAY clients, B2B
TDRI (Thailand Development Research Institute)
Parent bank
Independent
Research focus
Policy reform, sector analysis
Primary audience
Government, academia, media
| Research centre | Parent bank | Research focus | Primary audience |
|---|---|---|---|
| KResearch (Kasikorn Research Centre) | KasikornBank (KBANK) | Macro, sector, SME, trade | KBANK clients, media, policy |
| SCB EIC (Economic Intelligence Centre) | SCB (SET:SCB) | Macro, consumer, real estate | SCB clients, investors |
| Krungsri Research | Bank of Ayudhya (BAY-MUFG) | Macro, CBAM, EV supply chain | BAY clients, B2B |
| TDRI (Thailand Development Research Institute) | Independent | Policy reform, sector analysis | Government, academia, media |
Key drivers 2025-2026
Policy relevance
CBAM and trade-policy research demand
KResearch's CBAM analysis positions it as the primary Thai domestic estimator for EU carbon-border adjustment impacts. As Thailand's industrial exporters, BOI, and Ministry of Industry develop CBAM response strategies, KResearch analysis will be a foundational input for policy design and corporate-level decarbonisation planning.
Household debt
SME credit-risk and household-debt monitoring
Thailand's household debt at ~89% of GDP and SME non-performing-loan trends are under close KResearch monitoring. KBANK's credit-risk management uses KResearch sectoral analysis for loan-portfolio allocation; published research builds KBANK's thought-leadership positioning with regulatory and institutional audiences.
AI economy
Digital and AI economy sector analysis
KResearch is expanding its technology-sector research coverage into AI adoption rates, data-centre investment, and digital-economy measurement. New AI-economy and productivity-growth research positions KBANK as an informed creditor and partner for digital-transformation projects in Thai enterprise.
Where this profile is featured
Reports that reference this entity in their operator concentration or analysis.
Featured in
Thai CBAM Exposure: Cement, Aluminium, and the Textile-Rotation Bet
Primary Thai-domestic CBAM-impact estimator. $811.6M / ~3.8% of Thai exports to EU baseline impact estimate.
Featured in
Thailand-EU Corridor: CBAM Scope-Expansion and Finished-Goods Expor...
Primary Thai-domestic CBAM-impact estimator. $811.6M / ~3.8% of Thai exports to EU baseline impact estimate.
Related Market profiles
Peers, parents, partners, agencies, and other Banking actors.
Parent
Kasikornbank
Internal research division of KasikornBank (KBANK).
Open Market profile →
Sector peer
Bank for Agriculture and Agricultural Cooperatives
State-owned agricultural development bank; ~ $58B assets; primary lender to Thai farmers, agricultural cooperatives.
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Bangkok Bank
Largest Thai commercial bank by assets — $130.4B FY2024, only Thai bank with an ASEAN regional consumer-banking franchise via Permata Bank Indonesia.
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Bank of Ayudhya
Japan's MUFG owns ~77% — Thailand's strongest consumer-finance franchise via Krungsri Auto and Krungsri Card. FY2024 assets ~ $78.3B.
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Reports featuring this profile
Thai CBAM Exposure: Steel, Aluminium, and the Textile Rotation
Primary Thai-domestic CBAM-impact estimator. THB 28B / ~3.8% of Thai exports to EU baseline impact estimate.
Open report →
Sits alongside 2 other Atlas profilesThailand-EU Corridor: CBAM and the Finished-Goods Export Risk
Primary Thai-domestic CBAM-impact estimator. THB 28B / ~3.8% of Thai exports to EU baseline impact estimate.
Open report →
Sits alongside 2 other Atlas profiles