Bangkok--4 Dec--KASIKORNBANK
KBank was honored as ‘Thailand’s Strongest Bank’ by The Asian Banker Journal, and it was the only bank in Thailand to be ranked as one of Asia Pacific’s Top 100 Banks, thanks to the Bank’s outstanding ability to withstand a loss and profitability.
Dr. Prasarn Trairatvorakul, the president of KASIKORNBANK, revealed that KBank was honored as ‘Thailand’s Strongest Bank’ and ‘Asia Pacific’s 86th Strongest Bank’ by The Asian Banker Journal, as announced in its special issue (September 2008).
According to an evaluation of various factors, KBank received the highest total score compared to other Thai commercial banks. Two most impressive scores came from the evaluation of risk index measures, which are the criteria determining the ability to withstand a loss, and the profitability measure for the return on assets (ROA). KBank received the highest score of 4.5 out of 5.0 points for each, compared to the group of other Thai commercial banks.
It is noteworthy that KBank is the only bank in Thailand to receive a total score greater than 3 out of 5 points (with a score of 3.09 points), and to be ranked as one of the Top 100 Banks (the 86th Strongest Bank), compared to other commercial banks in the Asia Pacific region.
The Asian Banker Journal evaluated the strength of commercial banks by using a ‘weighted score’ method to measure banks’ performance in 2007, including the size of assets, YOY growth in loans and deposits, risk index, capital adequacy ratio (CAR), profitability and asset quality.
In addition, KBank was ranked as Asia Pacific’s 124th largest bank and Southeast Asia’s 20th largest bank in the Asian Banker annual ranking of Asia Pacific’s Top 300 Commercial Banks.
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