18.9%, respectively. However those were in the opposite direction to the declining change in revenue due to the increase in employee-related expenses such as commission and salary. In addition, the
announced in many countries, severely impacting both the tourism service sector and related businesses. Meanwhile, merchandise exports shrank as the global demand weakened due to lockdown measures and supply
and Analysis for the second quarter ended June 30, 2020 The presentation of 2019 figures was not made in accordance with the new Thai Financial Reporting Standards 9 (TFRS9) related to financial
tourism related while non-durable and semi-durable goods, food and apparels still declined, signaling a still weak grass-root economy consistent with the decline in agricultural sector income. Private
related while non-durable and semi-durable goods, food and apparels still declined, signaling a still weak grass-root economy consistent with the decline in agricultural sector income. Private investment
slowdown which could weigh on global trade and investment (2) the Coronavirus outbreak and associated fears that would greatly impact Thai tourism income and related sectors (3) the severe drought that would
loss provisions (excluding general reserve) and including loss from sale of repossessed cars stood at 1.48% of average loan for 2Q19. Allowance for doubtful accounts and allowance for troubled debt
for doubtful accounts and allowance for troubled debt restructuring amounted to Baht 11,085 million with outstanding Baht 4,500 million in general reserve. As of end of 2Q19, the total loan loss reserve
provisions including loss from sale of repossessed cars (credit cost) stood at 1.37% of average loan for 3Q19. Allowance for doubtful accounts and allowance for troubled debt restructuring amounted to Baht