This report does not constitute a rating action. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks Strong market position as one of the four largest banks in Thailand with a strong low-cost deposit base. Tough operating conditions due to uneven economic recovery in Thailand and adverse global macroeconomic conditions. Government support due to high systemic importance. Pressure on asset quality from weak loans, particularly small and midsize enterprise (SME) companies and households. Kasikornbank Public Co. Ltd. (KBank) will maintain a strong presence in Thailand over the next two years. The bank is one of the largest domestically with a deposit market share of 16%-17%. We expect it to remain
