was robust. As evidenced, capital adequacy ratio (CAR) of KASIKORNBANK FINANCIAL CONGLOMERATE (the Conglomerate) according to the Basel III Accord was 18.55 percent, with a Tier 1 capital ratio of 16.19
circumstances. At the same time, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement. As evidenced, capital adequacy ratio (CAR) of KASIKORNBANK
financial statements of foreign operations rose by Baht 3,180 million due to the Baht’s appreciation. Contingent Liabilities Million Baht Item December 2018 September 2018 December 2017 Change (%) September
. The downside was mainly stemmed from the impact of export contraction affected by the global economic slowdown, prolonged US-China trade tension and the Baht appreciation. As for economic outlook in
to remain at the same rate if there is no significant change in natural gas price and the appreciation in Thai Baht. However, during September and December of 2018, Ft rate is expected to be adjusted
and according to target. In 2019, Thai economy has decelerated with GDP reported at 2.4% decreased from 4.1% in 2018 as a result of declining in export growth and Baht appreciation. The world-trade
the uncertainties stemming from economic recession. However, our capital position – as of the end of the first quarter of 2020 – remained robust. As evidenced, capital adequacy ratio (CAR) of
affiliates of the company. Compared to 2017, the losses of exchange rate increased by Baht 12 million due to the appreciation of Thai Baht. Income Tax Expenses The income tax revenues in Q4/2018 were at Baht 8
was THB 168 million from the appreciation of Thai Baht in comparison to other foreign currencies, leading to most gains being generated from conversions of loans and account payables in foreign