Kasikornbank Public Company (KBANK) Investor update summary

Strategic Priorities and Execution

• Continued disciplined execution of the 3+1 and productivity strategy, now integrated with an enhanced customer strategy for 2026, focusing on high-value retail, selective SME, and corporate segments.

• Focus on delivering tailored solutions for retail, SME, and corporate segments, leveraging data-driven insights and AI for personalization.

• Wealth management and payments led fee income growth, with #1 market share in mutual funds, bancassurance, and digital payments.

• New revenue streams from innovation, regional expansion, and digital assets contributed 3% of net total income in 2025.

• Emphasis on operational excellence, productivity improvements, and innovation to drive sustainable value and stakeholder returns.

Financial Performance and Targets

• 2025 net profit was stable YoY at Bt49.56bn, with NIM declining to 3.23% due to lower interest rates and a focus on asset quality.

• 2026 NIM targeted at 2.75%-2.95%, with loan growth expected at 0%-2% due to a sluggish economic recovery.

• Net fee income growth projected at mid to high single digits, driven by wealth management and payment solutions.

• Cost-income ratio to remain in the mid-40s, supported by ongoing cost efficiency and productivity initiatives.

• Credit costs maintained at 140-160 bps, with NPL ratio stable below 3.25%.

Capital Management and Shareholder Returns

• CET1 ratio at end-2025 was 18%, well above regulatory minimums, with a medium-term target above 15%.

• Capital management includes regular and special dividends, and share buybacks, with 2024 total dividend payout at 58% and a special dividend of Bt2.50/share.

• Second share buyback program targets 2% of total shares, utilizing up to THB 8.8 billion by May.

• Sustained dividend payout ≥50%, with potential for additional capital distribution depending on performance and capital levels.

• Full-year 2025 dividend payout pending board approval.