Reference
·Supporting source
Kasikornbank ROE target
~10-11% (mid-term)
Kasikornbank (SET:KBANK) targets mid-term return on equity of 10-11% per its 2024-2026 strategic plan, having lifted FY2024 ROE to roughly 9.5% from 8.2% in 2022 through reduced credit costs and stronger fee income on K PLUS-driven cross-sell. The ROE target factors in the competitive pressure expected from incoming virtual banks and assumes mid-single-digit loan growth alongside continued discipline on operating expenses. SCB X targets a comparable 10-11% mid-term ROE; KTB and BBL operate in the 8-10% range.
Figure in context
Kasikornbank (SET:KBANK) targets mid-term return on equity of 10-11% per its 2024-2026 strategic plan, having lifted FY2024 ROE to roughly 9.5% from 8.2% in 2022 through reduced credit costs and stronger fee income on K PLUS-driven cross-sell. The ROE target factors in the competitive pressure expected from incoming virtual banks and assumes mid-single-digit loan growth alongside continued discipline on operating expenses. SCB X targets a comparable 10-11% mid-term ROE; KTB and BBL operate in the 8-10% range.
Kasikornbank (SET:KBANK) targets mid-term return on equity of 10-11% per its 2024-2026 strategic plan, having lifted FY2024 ROE to roughly 9.5% from 8.2% in 2022 through reduced credit costs and stronger fee income on K PLUS-driven cross-sell. The ROE target factors in the competitive pressure expected from incoming virtual banks and assumes mid-single-digit loan growth alongside continued discipline on operating expenses. SCB X targets a comparable 10-11% mid-term ROE; KTB and BBL operate in the 8-10% range.
Time scope
2024-2026 strategic plan
Source basis
Supporting source
Interpretation notes
What this tells you
Kasikornbank (SET:KBANK) targets mid-term return on equity of 10-11% per its 2024-2026 strategic plan, having lifted FY2024 ROE to roughly 9.5% from 8.2% in 2022 through reduced credit costs and stronger fee income on K PLUS-driven cross-sell. The ROE target factors in the competitive pressure expected from incoming virtual banks and assumes mid-single-digit loan growth alongside continued discipline on operating expenses. SCB X targets a comparable 10-11% mid-term ROE; KTB and BBL operate in the 8-10% range.
What not to do with it
ROE target is the bank's published medium-term aspiration; achievement is contingent on credit quality, NIM trajectory, and virtual bank competitive dynamics.
Related figures
Adjacent numbers that add context without drowning the value.
Bank of Thailand virtual bank licence count
Bank of Thailand virtual bank policy framework, BoT press releases, Bangkok Post finance coverage, Reuters
Kasikornbank K PLUS active users (2020-2024)
Kasikornbank, KBANK investor presentations, Bank of Thailand FinTech tracker
TrueMoney Wallet users (2020-2024)
Ascend Money disclosures, Ant International filings, Bank of Thailand FinTech tracker, The Nation
Thai mobile banking transaction volume growth
Bank of Thailand Payment Systems Department statistics, National ITMX, BoT FinTech tracker
Virtual bank consortium capital targets
Bank of Thailand virtual bank framework, Krungthai-Gulf-AIS press releases, SCBX-KakaoBank disclosures, Ascend Money announcements
Advanced Info Service (AIS) subscribers
Advanced Info Service, NBTC market data, Bangkok Post telecoms coverage
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.