Kasikornbank, or KBANK, held a 22.4% share of the mutual fund assets under management market in the first half of 2026, with net fee income growing 22.40% compared with the same period a year earlier, supported by its wealth management business across both mutual funds and bancassurance. Dr. Pipatpong Poshyanonda, Chief Executive Officer of Kasikornbank, said the bank aims to build a Lifelong Wealth Partnership and a One Wealth Ecosystem under an Open Architecture approach, competing on the quality of its advice rather than the number of products. The bank expects full-year net fee income to grow at the upper end of its mid- to high-single-digit target, while first-half 2026 loans grew 3.32% from a year earlier, above its target of 0-2%, driven mainly by business loans. Net interest margin stood at 2.91%, the cost-to-income ratio at 40.33%, credit cost at 158 basis points, and the non-performing loan ratio at 3.18%. Kasikorn Research Center kept its 2026 Thai economic growth forecast at 2.0%, expecting the second half to slow to 1.7% from 2.4% growth in the first half, and projected average inflation of 1.8% for 2026, while the Monetary Policy Committee is likely to hold the policy rate at 1.0%.
Kasikornbank Public Company LimitedKBANK's first-half net fee income grew 22.40% on a 22.4% mutual fund AUM share, and it expects full-year fee income at the upper end of its mid- to high-single-digit target.
