, which is expected to take place in the early of 2019. Thai Banking Industry Although the commercial banking system in Thailand is facing ongoing challenges from the economic environment, its lending and

economic environment in the third quarter continued to pose a challenge for commercial banks’ business operations so lending and deposits continued to grow at a slow pace. As deposits grew at a higher rate

environment, but its lending and deposits in the third quarter of 2018 grew further, with lending expanding at a higher rate than deposits. Consequently, the loan to deposit ratio has risen from the previous

Website: www.kiatnakin.co.th http://www.kiatnakin.co.th/ 2 Management Discussion and Analysis (MD&A) For the first quarter ended March 31, 2019 comparing operating performance and financial position for the

service concerning health and esthetics. 2. Overview of operating results in the Quarter 2’2018. Although the global economy is at risk, such as political tensions and economic of international, or the

concerning health and esthetics. 2. Overview of operating results in the Quarter 3’2018. Although the global economy as risk from international of political tensions and economic, and the uncertainty of US

in operating results from GLOW that has been impacted by GHECO-One in which the selling price has fallen in Q3/2019, a seasonality effect usually occurring in the third quarter of every year. In

: +662 661 6664 Indorama Ventures 1st Quarter 2020 MD&A 1 Executive Summary 1Q 2020 Financial Results • IVL achieved a core EBITDA of US$304M and an operating cash flow of US$340M, an increase quarter on

business environment and ongoing changes in regulations. As of September 30, 2019, deposits grew at a higher rate than loans, with the ratio of loans to deposits declining from the end of last year as a

wide acceptance and recognition at home and abroad. C Contents Page Executive Summary A 1. Overview of Operating Environment 1 1.1 Global and Thai Economy in the Second Quarter of 2018 1 1.2 Banking