Kasikornbank

ATM, Bangkok

Kasikornbank (then Thai Farmers Bank) was established on 8 June 1945, with registered capital of five million baht and 21 employees. Its first office is now the Thanon Sua Pa Main Branch. The bank showed healthy performance after only six months in operation. As of 31 December 1945, or at the end of its first accounting period, the bank recorded total deposits of 12 million baht and assets of 15 million baht.[6]

• 1945 - Established as ธนาคารกสิกรไทย, 'Thai Farmers Bank' (TFB)
• 1961 - TFB first capital increase to 14 million baht with total assets of around 400 million (behind Bangkok Bank 1,465 million and Siam Commercial Bank 546 million and Bank of Ayudhya 456 million).[7]
• 1962 - Ranked ninth largest commercial bank in Thailand with 36 branches nationwide.
• 1967 - Opened branches in London, Hamburg, and New York City.
• 1973 - Thailand's first bank to offer credit card services, the "Multi-Purpose Credit Card".
• 1976 - Listed on the Stock Exchange of Thailand (SET) with registered capital of 300 million baht, total assets of 60 billion and 108 branches.
• 1980 - The first bank in Thailand to issue Floating Rate Certificates of Deposit, valued at US$25 million, on the London market.
• 1993 - The first to employ the re-engineering system, the impetus for the redesign of branches and service delivery among Thai commercial banks.
• 1998 - KBank pioneered the use of SLIPS (Stapled Limited Interest Preferred Stock), a new financial vehicle for fundraising, which was later used by other banks.
• 2003 - Changed name from Thai Farmers Bank (TFB) to Kasikornbank (KBank). A new branch model of "coffee banking" was introduced by KBank, the first of its kind in Asia.
• 2005 - KBank was the first Thai commercial bank to operate under the Kasikornbank Group, which consists of six companies including Kasikornbank, Kasikorn Factoring, Kasikorn Asset Management, Kasikorn Research Center, Kasikorn Securities, and Kasikorn Leasing.
• 2006 - Partner Bank Strategy with regional Japanese banks, by signing agreement with regional and local banks in ASEAN Economic Community (AEC) Plus to share market knowledge, support, and services for the customers of both banks.
• 2007 - Introduced tri-language logo: Thai, Chinese, English.
• 2009 - KBank issued "K-My Debit Card", the first debit card service that allowed customers to personalize their debit cards.
• 2010 - The first Thai bank with off-hours FX dealing for currency trading from 17:00 to 23:00.
• 2012 - The first bank through which Myanmar workers can remit funds to their country; equipped its ATMs with menu in Burmese. Changed the name of KBank in China to Kāi tài yínháng (开泰银行).
• 2013 - Opened a branch in Chengdu, its second branch in China.
• 2014 - Full-service locally incorporated bank in Laos.
• 2017 - Upgraded entity in China to LII (Locally Incorporated Institution).

KBank headquarters on the Chao Phraya River

KBank's headquarters is on Ratburana Road, Bangkok. The operations and IT hubs are in Impact, Muang Thong Thani, Bangkok. The sales, trading and investment banking is on Phahonyothin Road. Kasikorn Research Center, asset management, and securities businesses are also on Phahonyothin Road.

In Thailand in 2018, Kasikornbank operated 958 branches, 9,369 ATMs, 137 foreign exchange booths, and 58 international trade service centers.[8]^:38 By September 2019, the number of branches had dropped to 885 and the number of ATMs to 8,268. It employed 20,402 as of September 2019.[1] It has branches in all of Thailand's 76 provinces as well as overseas:

• Two locally incorporated institutions: Kasikornbank (China) Co., Ltd. (has branches in Shenzhen, Chengdu, and Shanghai; one sub-branch in Longgang district, Shenzhen; and rep-offices in Beijing and Kunming), and Kasikornthai Bank Ltd. in Laos
• Three overseas branches: Phnom Penh, Hong Kong, and Cayman Islands
• Six representative offices: Tokyo, Yangon, Hanoi, Ho Chi Minh City, Los Angeles, and Jakarta[9]

• Piyasvasti Amranand (Executive Chairman of KAsset, 2003-2006) - Chairman of the Energy for Environment Foundation, former President of Thai Airways International (2009-2012), Minister of Energy (2006-2008), Secretary-General of the Thai National Energy Policy Office (1994-2000)
• Kittiratt Na-Ranong (1985) - Deputy Prime Minister (2011-2014) and Minister of Finance (2012-2014), Minister of Commerce (2011-2012), MD of SET (2001-2006)
• M.R. Pridiyathorn Devakula (SEVP, 1971-1990) – Deputy Prime Minister and Minister of Finance (2006-2007), the 20th Governor of the Bank of Thailand (2001-2006), President of Export-Import Bank of Thailand (1993)
• Thongchai McIntyre - Thai pop singer

• Thai Farmers Bank F.C.