the finance companies, credit foncier, mutual funds, derivatives business operators under the law on derivatives trading and futures business operators under the law on agricultural futures trading; (b
activities, impacted business owners and will likely result in more layoffs and lower household income. The ongoing drought also affected the purchasing power of households in the agricultural sector
forward with modern construction materials retailers or modern trade operators still expanding their business with new branches and property development group beginning to open new projects. In addition
even though there was a slowdown in the last month of December 2018 due to decelerating of exporting sector and the world economy, compared with the previous quarter. The revenues from agricultural
30 SEPTEMBER 2020 LH Financial Group Public Company Limited Management Discussion and Analysis for the Third Quarter ended 30 September 2020 Page 2/19 Overview of Business Operation LH Financial Group
; (2) a financial institution; "financial institution" means: (1) a commercial bank, finance company or credit foncier company established under the law on financial institution business; (2) a
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quarter of 2018, credit demand improved from the previous quarter, due to SMEs’ requirements for working capital and inventory build-up purposes, especially in the agricultural sector. Demand for loans from
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power, as farm income continued to be constrained by low prices of agricultural products and nonfarm income remained lackluster. Moreover, high levels of household debt caused the generation of new loans