on bills of exchange counting from the defaulted date onwards (April 11, 2017) until the payment is completed. The appeal costs had to be bear, other than the modified decision to be conformed to the
operating the NPL management business that has invested in NPLs in the past 9 months. Moreover, the cost of real estate development in subsidiaries increased in condominium projects that are being developed
interest at the rate of 8.50% per annum of the amount on bills of exchange counting from the defaulted date onwards (April 11, 2017) until the payment is completed. The appeal costs had to be bear, other
completed Low-rise projects, Maestro03 Ratchada-Rama9, Maestro14 Siam-Ratchathewi, Maestro01 Sathorn-Yenakat and Maestro07 Victory Monument. There were also transfers from existing completed big projects
transfers of M Jatujak and Maestro03 Ratchada-Rama9 which completed construction in second half of 2017 and middle of 2018 respectively. There were also transfers from existing completed big projects mainly
passed a resolution to approve an investment in real estate project relating to hotels and resorts by a subsidiary to be established by the Company under the laws of Singapore, with 100 percent of its
the strengthen in Thai Baht. Major Development in 2Q19 On April 1st, 2019, the Company opened Dusit Central Park Project to develop mix-used real estate project which it will be completed in 2024. In
net profit since the date the acquisition was completed. The Bank’s net profit decreased from the first half of 2019, primarily due to additional reserve made for expected credit losses in line with
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