of recovery in Q3/2018 after the sluggish economy in the first half-year resulting in the drop in orders in Q1-2/2018. Towards the end of the year 2016, the Company invested in a new factory building

and indirectly, would drop from 99.99 percent to 79.52 percent. Therefore, the IFA views that the disposal of WIE shares and the acquisition of NAUTIC shares constitutes consideration for the sale of

Power Plant: Although the revenue in Q2/2017 decreased by 11% due to the decline of Energy Payment (EP) from the decrease in submitted electricity volume to Electricity Generating Authority of Thailand

- denominated debt. Economic Outlook for 2020 In 2020, Thailand’s economic growth will likely slow to the range of 1.9 - 2.3 percent on account of several challenges. External factors include a sharp drop in

falling interest expenses. Meanwhile, non-interest income decreased Baht 1,030 million or 1.62 percent, due mainly to a decline in net insurance premiums. At the same time, operating expenses rose Baht

decline as a result of cancellation of fees on financial transactions via digital channels and a decrease in net premiums earned. Given that non-performing loans to total loans in this quarter crept

in a decrease in the cost-to-income ratio, which stood at 42.52 percent. KBank has set aside higher allowance for impairment loss on loans, in line with uncertainties from the ongoing economic slowdown

Bangkok Commercial Asset Management Public Company Limited 1.4 Company’s credit rating On February 17, 2020, TRIS Rating Co., Ltd. rated the company for the first time on the Standalone basis at “A-” with a

customers in Bangkok. 1.4 Company’s credit rating On February 17, 2020, TRIS Rating Co., Ltd. rated the company for the first time on the Standalone basis at “A-” with a “Stable outlook”. On February 19, 2020

)% 29 28 5% Note: Some capacities in 1Q17 are re-rated. Figure 4: Margins and Returns 6 precisely this reason, as mentioned previously, IVL on a consolidated basis benefitted and delivered a core EBITDA