% compared to the same period of time in 2018. This was due to the higher adjustment of appraisal value of NPAs in which has been offset by an increase in Tax and Duties from higher Accrued income from auction

and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above mentions, the Thai economy was expected to improve further

expand with the doubling of PTA (recently completed). Although the high IPA margins will gradually normalize but we expected them to be more than offset by the dou- bling of IPA production starting 1H18

households. These drivers combined to support growth momentum and helped offset the still lingered at a low level of private investment and contracted in public spending. As the momentum from the above

growth; 2.) slow pace of growth in tourism sector which supported by number of tourists from India, Japan, Hong Kong and Malaysia offset an unrecovered of Chinese tourists; and 3.) government subsidy to

financial transaction services to offset reduced income after the waiver of fees for funds transfer via digital channels. By the end of the fourth quarter, banks should be prepared for new rules and

loans therefore saw little increase. Meanwhile, deposits were rising to partly offset the reduced volume of debt issued and borrowing. As a result, net liquidity stayed almost unchanged from the prior

through expansion of customer base and income by providing financial transactions via multiple platforms to offset reduced income after the cancellation of funds transfer fees via digital channels. In

E_1 Legal_FA_2015_12_29-c A brWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending June 30, 2019 The Thai economy faced increased headwinds in the second quarter of 2019. Exports, tourism and private investment – among major economic activities – were hampered by the worse-than-expected global economic slowdown. Meanwhile, consumers’ purchasing power weakened amid high household debt, whereas public investment and the government’s budget disbursement were aff...

), to offset the impact of the tightened liquidity. Overall, loans of Thai commercial banks, both corporate and retail loans, were hit hard by the COVID-19 pandemic. In response to this, the Bank of