six installments. A period of License validity which has not been enforced can be calculated as follows: = Paid license fee x license validity during the period that the spectrum has not been used (day

company’s business expansion. 4. Selling and Administrative expenses lowered from Q2 / 2019, due to lease expenses declining under TFRS 16 Lease which was enforced since the 1st January 2020. Furthermore, the

Standards 15, Revenue from Contract with Customers (TFRS 15) which was enforced on the 1st of January, 2019. The Group adopted protocols from TFRS 15 by way of realizing cumulative effect from the enforcement

enforced on the characteristics of the applicant and the originator. In cases where the applicant is a juristic person separate from the originator, the applicant and the originator shall use the same

purchase loan, which enjoyed healthy growth in line with revved-up domestic car sales after the end of the mandated ownership period for the first-time car buyer scheme. As of the end of the second quarter

ready to comply with the new accounting standard to be enforced in January 2020. Likewise, we have been well-prepared for the implementation of IFRS 16 Leases. 8 2. Risk Management and Risk Factors 3 2.1

requirements to be fully enforced in 2019, as well. These new standards may eventually affect provisioning expenses, risk calculation and capital maintenance of commercial banks. All of these factors may change