% Impairment loss of loans and debt securities 7,322 4,617 5,806 58.6% 26.1% Operating profit before tax 11,621 11,038 10,328 5.3% 12.5% Income tax expenses 2,522 2,457 1,951 2.6% 29.3% Net profit 9,099 8,581
demand.Private consumption plummeted due to increasing unemployment, lower household income and higher household debt. Some business sectors have delayed investments in order to maintain some liquidity, and this
beginning of the year, depressing farm income and the purchasing power of farm households, which represent a majority of the population. Coupled with high levels of household debt, these factors limited the
investment. The headline inflation rate is 0.6%, while the unemployment rate for the 3Q/2024 stood at 1.02%. Despite these positive trends, the K-shape recovery has led to a continued rise in household debt
depressions in farm income and high level of household debt while inflation remains at a low level. Other key risks that need to be monitored are the slowdown in global economy especially the Chinese economy
purchase loans with contractions of 7.1% from the end of 2016. For asset quality, the amount of Non-Performing Loans (NPLs) decreased with the Non-Performing Loans (NPLs) to total loans ratio at the end of
namely 1) Structural changes in Thai economy, particularly high level of household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could
household debt, that leads to low level of consumption 2) Escalating trade tension between US and the rest of the world, which could negatively impact export and investment 3) Less surplus of Thailand’s
high level of household debt limiting widespread consumption 2) Escalating trade tension between US and the rest of the world including a slowdown in the Chinese economy which could negatively impact