, not lower than the specified ratio.          ** Subordinated debt refers to liabilities for which the rights of creditors are subordinated to those of general creditors. Such debt is unsecured and

, other operating expenses rose Baht 765 million, or 5.03 percent over-year due in part to marketing expenses. As a result, our cost to income ratio increased to 41.20 percent from the same period of last

other payables to major suppliers of machine. Total interest-bearing debt was amounted to THB 4,863 million, an increase of THB 122 million, representing an interest-bearing debt to equity ratio of 0.61

, the growth in expenses was less pronounced than that of net total income. As a result, our cost to income ratio decreased to 41.07 percent compared to the previous quarter, which was still better than

Income Ratio (percent) 40.32 39.44 0.88 41.54 (1.22)  Impairment Loss on Loans and Debt Securities During the second quarter of 2017, KBank and our subsidiaries had Baht 10,626 million of impairment loss

financing cost at the end of 2019 stood at 2.91% Net debt to equity ratio stood at 0.37x Capital Structure As of December 31, 2019, the Company reported total interest-bearing debt of THB 33,210 mn, an

mainly to employee expenses and repair and maintenance of premises and equipment expenses, whereas marketing expenses fell. As a result, our cost- to-income ratio stood at 42.70 percent, which was still

profits as targeted in which it was the highest earnings growth for the third consecutive year. It was due to the condition of the business supporting the Company's growth and the non-performing debt that

Budget Act and drought. Furthermore, domestic spending may be limited due to weakening purchasing power and hefty household debt. Apart from economic woes, businesses face numerous other challenges that

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which