serviceability of SMEs, maturity mismatches among businesses, particularly in the real estate sector, and the search-for-yield behavior in the prolonged period of low interest rates that could lead to the

' "+ &2 !( fixed fixed interest rates (basic currency swaps) fixed floating interest rates (cross- currency interest rate swaps) 1 .. 54 34 5.1.1 +D0 P.O. +3- general fund K$1$' 333 K$1

17,573 16,825 3.9% 8.5% 52,953 49,670 6.6% Yield on earning assets 3.74% 3.64% 3.65% 0.10% 0.09% 3.69% 3.67% 0.02% Cost of funds 1.52% 1.50% 1.54% 0.02% (0.02)% 1.51% 1.54% (0.03)% Net interest margin 2.42

17,123 (0.7)% 6.9% Yield on earning assets 3.84% 3.81% 3.64% 0.03% 0.20% Cost of funds 1.58% 1.56% 1.48% 0.02% 0.10% Net interest margin 2.48% 2.46% 2.34% 0.02% 0.14% V2 14/05/62 5 In the first quarter of

from the first half of 2018. Net interest income rose by Baht 1,239 million or 3.6 percent predominantly on improved yield on earning assets. Non- interest income fell by Baht 4,220 million or 15.0

Baht 585 million from the same period last year. Net interest income rose by Baht 925 million predominantly due to improved yield on earning assets and an expansion of average loans. Non-interest income

global and domestic volatilities. However, there remained pockets of risks, such as the solvency of SMEs and the search-for-yield behavior in the prolonged low interest rate environment that might lead to

result of a decrease in interest expenses on deposit due mainly to a declined in cost and volume of fixed deposits, and a decrease in interest expenses on debt issued and borrowings from the early

(22.1)% Total interest expenses 9,895 9,460 9,646 4.6% 2.6% 19,355 19,018 1.8% Net interest income 17,573 17,123 16,568 2.6% 6.1% 34,696 32,845 5.6% Yield on earning assets 3.64% 3.64% 3.66% - (0.02