Mr. Apinan Klayopatin, Chief Executive Officer of Kiatnakin Phatra Financial Group stated that in 2024, the trend of development in the global money and capital markets presents various avenues for resource mobilization to support business operations. This year, the bank will build on its business through three core pillars: commercial banking, wealth management and personal investment management, and investment banking, to foster strong growth from multiple channels and maintain flexibility to adapt to the evolving economic landscape driven by access to information, technology, and regulations.

The commercial banking sector will serve as the foundation for income growth in line with the size of the balance sheet. Therefore, the focus will be on mobilizing deposits to meet the increasing demand for loans. Meanwhile, the wealth management and personal investment management sectors, along with investment banking, will aim to elevate service standards to international levels to generate income from fees, effectively utilizing capital with low credit risk.

Additionally, the digital service channels of the business group, such as Dime and Digital Edge, have expanded their customer base to over 700,000 downloads. In the mutual fund management sector, assets under management have increased by 40% for 2024, with a target loan growth rate set at 3%.

Mr. Philip Chiang Chong Tan, Managing Director of Kiatnakin Phatra Bank Public Company Limited mentioned that for the fiscal year 2023, profits decreased due to the auto loan business being affected by economic conditions and interest rates, along with changes in car prices. Consequently, this year the bank will focus on managing and improving asset quality, with early signs of recovery, while expanding market share in high-quality credit through car title loans.

Mr. Precha Techarungchaitakul, Head of Finance and Budget at Kiatnakin Phatra Bank Public Company Limited reported that for the fiscal year 2023, the business group achieved a net profit of 5,443 million baht, a decrease of 28.4%, with a total comprehensive income of 5,452 million baht. The net profit from the capital market business was 1,078 million baht, and the total comprehensive income from the capital market business was 1,119 million baht. For provisions in 2023, an additional reserve of approximately 600 million baht was considered, resulting in a high reserve ratio against impaired credit loans at 164.6% at the end of 2023.

Furthermore, the bank saw an increase in net interest income, which amounted to 22,294 million baht, up 16.8%, while non-interest income was 6,469 million baht, down 23.5% from 2022. The bank's total capital ratio to risk-weighted assets, calculated according to Basel III standards, including profits at the end of 2023, stood at 16.2%, with a Tier 1 capital ratio of 12.8%.