economy continued to expand during 2Q17 and for the first half of 2017 with growth contributed from the following 3 sectors: 1) Export sector continued to expand with growth for the first six months of 2017

7,698 mn, up by 5.2% YoY with a 6% YoY growth in net profit to THB 2,483 mn. Establishment of a Joint Venture to support business expansion plan On 5 September 2017, the Company established a new joint

leveraging on scale and value-added services Fixed broadband revenue reached Bt7,437mn, a strong growth of 146% YoY and 2.1% QoQ. This growth is driven by high-quality subscriber expansion, a robust nationwide

reflects the company’s determination to enhance its sustainability information reporting in accordance with the Sustainable Development Goal, SDG 12.6. Economic Overview and Competition in Commercial Banking

may grow within a range of 2.9-3.3 percent in 2019, down from the growth of 4.1 percent in 2018. Development of Thai economic sectors during the rest of this year merits close watch after the Monetary

the face of these challenges, AIS’s execution focusing on profitable revenue brought in a core service revenue of Bt33,351mn, growing 2.3% YoY. This growth was driven by the continued expansion of fixed

-o n- Ye ar C ha ng e ( pe rce nt) Thailand Economic Growth 2 1 2 1 2016 2017 2017 Sources: Office of the National Economic and Social Development Board and Ministry of Commerce 2 Foreign Workers

growth of 4.6 percent, over-year, following the 4.9 percent growth seen in the first quarter. The expansion was driven largely by exports and tourism, which benefited from trade partners’ brighter economic

from the end of 2019 with growth driven by hire purchase, housing and corporate lending segment. For asset quality, the Non-Performing Loans (NPLs) to total loans ratio for 3Q20 declined further to 2.9

Economic Growth Sources: Office of the National Economic and Social Development Board and Ministry of Commerce Projection by KResearch Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 2 throughout 2018 to