likely that the Bank of Thailand could further lower the policy rate in 2020 on the back of a deteriorating economic outlook. V3 27/02/63 2 Thai Banking Industry in 2019 In 2019, commercial banks in

Laosonthorn, one of the guarantor for credit lines of the Company. The insurance premium was in amount of Baht 0.5 million, and sum insured equaled to 42.0 million. This life insurance was applied for five

system, to the Ministry of Finance for consideration before forwarding to the Cabinet. The conditions of failing financial institutions include liquidity crisis, deteriorating financial position, and

by accidents, the Company has also insured against the property and outsiders as well. 3.4.3 Risks arising from changes in consumer behavior in the digital and online age In 2017, the advertising

classification may somewhat help ease the impact of deteriorating quality of normal loan to NPLs. Meanwhile, most banks are expected to emphasize efficient cost management and adjust their operating strategies in

advancing digital age. For operating income in 2017, most commercial banks could maintain net interest margin (NIM) due to overall effective cost management despite the deteriorating quality of loans granted

decrease in income from insurance business. Our coverage ratio rose over-year, while gross NPL ratio decreased slightly from the end of 2017, despite the deteriorating quality of loans granted to certain