, total investment, and a robust export growth. As of May 31, 2018, the Company’s total cards reached 8.24 million cards (including 2.52 million credit cards and 5.72 million member cards), net increasing

and small business loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company

loan. Although, the non-performing loans affected profitability, but the Thai commercial banking system still remained sturdy. Credit Rating Land and Houses Bank Public Company Limited is assigned the

2018 expanded continuously on the back of robust exports and tourism, which is supported by stronger global economic conditions. Exports and tourist arrivals rose by 9.9 percent and 15.4 percent, from

resuming activities • Implement a ‘Work from Home’ policy and put in place IT infrastructure to support working from home where practicable • Ensure that a robust communication strategy is in place to

interest-bearing debt to equity is robust at 0.46 times. December 31, 2019 June 30, 2020 Change (THB million) (THB million) (THB million) % Cash and cash equivalents 3,591.6 2,779.1 (812.5) (22.6%) Total

taking steps towards resuming activities • Implement a ‘Work from Home’ policy and put in place IT infrastructure to support working from home where practicable • Ensure that a robust communication

together with robust capital fund and reserves. LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2020 Page 4/19 Credit Rating LH Financial

marginally from the previous quarter to 40.70 percent, it was better than the target. Meanwhile, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s

capital position was robust. As evidenced, capital adequacy ratio (CAR) of KASIKORNBANK FINANCIAL CONGLOMERATE (the Conglomerate) according to the Basel III Accord was 18.12 percent, with a Tier 1 capital