
Kiatnakin Phatra Bank has a significant presence in Thailand, with a network of over 100 branches across the country.
The bank offers a range of financial services, including corporate banking, personal banking, and investment banking.
Kiatnakin Phatra Bank has a strong focus on corporate banking, with a significant share of its business coming from large corporations and financial institutions.
The bank's corporate banking division provides a range of services, including cash management, trade finance, and treasury services.
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Financial Performance
Kiatnakin Phatra Bank's financial performance is closely tied to the stock market, specifically the equities market where its stock, KKP Stock, is listed. This is a key factor to consider when evaluating the bank's overall financial health.
The bank's stock performance is a direct reflection of the bank's financial position, and as such, it's essential to monitor the stock market closely. KKP Stock is the stock in question, and its performance is a critical aspect of the bank's financial performance.
KKP Stock is listed on the stock market, and its performance is a key indicator of the bank's financial health.
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Income Statement

The income statement is a crucial part of a company's financial performance, and Kiatnakin Phatra Bank is no exception. It provides a snapshot of the company's revenues and expenses over a specific period.
Commercial banking business is a significant contributor to Kiatnakin Phatra Bank's revenue, with sales increasing from 13.49B in 2020 to 19.59B in 2022.
The company's capital market business also saw growth, with sales rising from 4.43B in 2020 to 5.28B in 2024. This indicates a steady increase in the company's investment activities.
Debt restructuring, on the other hand, experienced a significant decline, with sales dropping from 935M in 2020 to 480M in 2024. This may be a sign of the company's efforts to reduce its debt burden.
Here's a breakdown of Kiatnakin Phatra Bank's income statement:
Elimination of inter-segment income is also an important aspect of the company's income statement, with sales ranging from -1.72B in 2020 to -1.49B in 2024.
Sales by Region

The financial performance of Kiatnakin Phatra Bank is a fascinating topic. In terms of sales by region, the bank has seen significant growth in its domestic market.
Thailand has been the primary contributor to the bank's sales, with figures increasing from 21.25 billion in 2020 to 24.39 billion in 2024. This represents a steady growth trend over the past four years.
Foreign sales have also shown an upward trajectory, rising from a negative 11.79 million in 2020 to 2.41 billion in 2024. This significant improvement suggests the bank's expanding global reach.
Breaking down the sales by region, we can see the following:
The bank's foreign sales have shown a remarkable turnaround, transforming from a loss to a significant profit.
Shareholder Information
Kiatnakin Phatra Bank has a significant number of shareholders, with a total of 835.8m THB in Common Shares Outstanding as of September 30, 2024.
The bank's financial report for that period shows a substantial amount of outstanding shares, which can be a good indicator of its market value and potential for growth.
Kiatnakin Phatra Bank's Common Shares Outstanding is valued at 835.8m THB, a figure that can be found in the bank's financial report for September 30, 2024.
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Corporate Governance

Kiatnakin Phatra Bank's Board of Directors is made up of experienced individuals with a strong track record.
The Chairman of the Board is Supol Wattanavekin, who has held the position since 2010. He is 70 years old.
The bank's Board of Directors has a good balance of ages, with members ranging from 56 to 71 years old.
Suvit Mapaisansin, one of the Directors, joined the Board in 2012 and is 66 years old.
Here is a list of the current Board of Directors:
The bank's Board of Directors has been actively involved in the bank's operations since 2010.
Security and Efficiency
Kiatnakin Phatra Bank prioritizes the security of its online banking system, using advanced encryption technology to protect customer data.
The bank's website is protected by a Secure Sockets Layer (SSL) certificate, ensuring that all transactions are secure and private.
Customers can access their accounts online with ease, 24/7, thanks to the bank's mobile banking app.

The app allows customers to check their account balances, transfer funds, and pay bills remotely.
Kiatnakin Phatra Bank's security measures also include a robust firewall system to prevent unauthorized access to the bank's network.
The bank's IT team continuously monitors the system for any potential threats, ensuring that customers' information remains secure.
With its efficient online banking system, customers can manage their finances quickly and easily, saving time and reducing stress.
The bank's mobile banking app is designed to be user-friendly, making it easy for customers to navigate and find the services they need.
By investing in advanced security measures, Kiatnakin Phatra Bank provides customers with peace of mind, knowing that their financial information is protected.
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Solutions and Analysis
Kiatnakin Phatra Bank's use of CyberArk Privileged Access Manager Solution has greatly simplified their security operations. This is evident in their ability to easily retrieve privileged credentials from the vault to run automated scans on key servers.

The bank's security stack now integrates well with multiple vendors, including a well-known vulnerability management solution. This integration has streamlined their efforts and reduced downtime.
By implementing automated password rotations and management from the CyberArk Digital Vault, the bank has achieved full control over all privileged credentials in their environment. This has allowed them to enforce strict access policies and hold teams accountable for planning elevated access.
Solutions
CyberArk offers a Privileged Access Manager Solution that simplifies security operations for organizations like Kiatnakin Phatra Bank. This solution integrated well with the bank's existing security stack, allowing for easy retrieval of privileged credentials from the vault.
The bank's team, led by Narudom, was able to achieve full control over all privileged credentials in their environment. They replaced individual user oversight with automated password rotations and management from the CyberArk Digital Vault.
This efficient method of controlling access to privileged accounts ensured that only verified users gained elevated access to the bank's systems. CyberArk enabled the bank to enforce strict access policies, reducing downtime and streamlining efforts across their organization.

By setting policies in CyberArk, the bank could monitor activities and ensure users were securely navigating protected systems. Narudom highlighted the success of their CyberArk deployment, which led to the advancement of their PAM program to secure and manage secrets used by commercial applications and other non-human identities.
Here are some key benefits of using CyberArk's Privileged Access Manager Solution:
- Full control over privileged credentials
- Automated password rotations and management
- Enforced strict access policies
- Reduced downtime and streamlined efforts
- Improved security and compliance
Competitors Analysis
In the world of banking, it's essential to stay on top of your competitors' game. Let's take a look at the latest figures and growth rates of some of the major players in the industry.
The Common Shares Outstanding for Kiatnakin Phatra Bank PCL is ฿835.8m, which is a significant number.
TMBThanachart Bank PCL has a much higher Common Shares Outstanding at ฿97.3B, more than 100 times that of Kiatnakin Phatra Bank PCL.
The CAGR (Compound Annual Growth Rate) for Kasikornbank PCL over the past 5 years is 0%.

Krung Thai Bank PCL also has a CAGR of 0% over the past 5 years.
The CAGR for Bangkok Bank PCL over the past 5 years is also 0%.
Here's a quick rundown of the CAGR for some of the major players:
Over the last year, the Common Shares Outstanding growth was -1%. This is a significant decline, and it's essential to understand the reasons behind it.
Sources
- https://en.wikipedia.org/wiki/Kiatnakin_Phatra_Bank
- https://www.marketscreener.com/quote/stock/KIATNAKIN-PHATRA-BANK-6492340/company/
- https://www.alphaspread.com/security/set/kkp/financials/balance-sheet/common-shares-outstanding
- https://www.cyberark.com/customer-stories/kiatnakin-phatra-banks/
- https://markets.ft.com/data/equities/tearsheet/profile
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