Management Discussion and Analysis For the first quarter ended March 31, 2020 Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66-2495-1366

Management Discussion and Analysis For the first quarter ended March 31, 2020 (Unreviewed) Kiatnakin Bank Public Company Limited Investor Relations Email: investor_relations@kiatnakin.co.th Tel. +66

dropped from the same period of last year. At the same time, our robust capital position was sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement. As evidenced, capital

percent and 9.51 percent, compared to year-end 2019 and the same period of last year, respectively. Looking ahead into the remainder of 2020, the struggling economic environment, crippled by the COVID-19

fixed broadband remained intense as all operators was capturing spike demand of work-from-home with package starting from as low as Bt299 for standard speed of 100/100Mbps versus last year price of Bt599

derivatives investment advisors. ✓ ✓ ✓ ✓ Company profiles and reports on wealth advice service (annually). ✓ 1. Data relating to operating systems and actions with intermediaries; 2. Appraisal companies

commercial banks’ main sources of revenue – posted a slight increase from the previous quarter and the same period of last year. Despite several commercial banks’ reductions in lending rates during this

a company or agent assigned by you. One For All Reporting System (OFAR) and various online systems, for example: Information on unitholders (MPF 7000); Report on the investment position and the

period last year, especially in the tourism sector. However, exports and private investment – two major economic drivers – continued to slow in line with the sluggish global economy and trade volume amid

consumption) NNP = Normalized net profit O&M = Operations and maintenance P.A. = Per annum PEA = Provincial Electricity Authority (Thailand) PPA = Power purchase agreement PTT = PTT Public Company Limited SG&A