sustainable growth and reasonable returns to stakeholders. In 2018, KBank focused on customer service and credit risk management for every customer segment. Customers’ businesses were challenged by

clients. In addition, we remained cautious in credit underwriting of small and micro businesses, and focused mainly on existing customers with good track records or classified as low-risk customers. 2.2

highly intense competition which caused the average fare to drop by 6.3 percent, particularly in Indochina routes. The average passenger load factor was 68.5 percent, decreased from 69.2 percent. Passenger

the Company’s expectation given the intense competition in certain areas, such as Nakhon Ratchasima. Although rental rate escalations were affected and discount rates were higher in certain locations

mainly from airport-related services and unallocated revenue which rose by 11.6 percent and 35.0 percent respectively. The revenue from airline business slightly declined by 4.2 percent from highly intense

slightly declined by 4.2 percent from highly intense competition particularly in domestic sectors which caused overall number of passenger, passenger yield and average fare dropped by 1.9 percent, 1.6

Company Limited Management’s Discussion and Analysis (MD&A) Page 5 of 14 Same store rental revenue growth stood at 4.2% YoY In 2Q19, same store rental revenue growth stood at 4.2% YoY, despite intense

revenues from the manufacturing business accounted for only 4.4 - 9.6 percent of the total revenues as a result of a more intense competition, particularly a more variety of imported products with relatively

, despite intense competition in certain areas, such as Nakhon Ratchasima. Overall the Company continues to achieve the targeted rental rate growth for the rest of the shopping malls. The same store rental

lending policies to match each industry to be better suited to the prevailing circumstances. At the same time, KBank has remained cautious in credit underwriting of retail customers’ loans, and focused