from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent

endeavors aim to understand and anticipate each individual customer’s needs under the “Segment of One” concept and to provide smart personalized “Financial and Life Solutions” to the right customer at the

E_1 Legal_FA_2015_12_29-c A HibrWCorpL.1hig A Executive Summary Management Discussion and Analysis For the Quarter Ending September 30, 2018 The Thai economy in the third quarter of 2018 grew at a

% 428 563 32% Other Income 4 3 (25%) 7 7 0% Total Revenue 234 302 29% 435 570 31% Key Drivers Q2/22 Q2/23 Change+/(-) 1H/22 1H/23 Change +/(-) Number of branches at 30 June 43 55 27.9% 43 55 27.9% Same

13 (13%) Total Revenue 270 321 19% 953 1,230 29% Key Drivers Q4/22 Q4/23 Change+/(-) 2022 2023 Change +/(-) Number of branches at 31 Dec 51 60 17.6% 51 60 17.6% Same-Store-Sales-Growth (SSSG) 30.2% 5.0

governance, appropriate risk management and effective cost management. At the same time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai

business operations of its particular bank and its financial conglomerate, transaction volume and related risks and must be reviewed at least once a year and upon any significant change. In addition, close

255 million or 1.11 percent in net interest income, derived from rising interest income from investment. KBank maintained key financial ratios at levels consistent with our overall economic performance

mainly to employee expenses and repair and maintenance of premises and equipment expenses, whereas marketing expenses fell. As a result, our cost- to-income ratio stood at 42.70 percent, which was still

/24 Change+/(-) 1H/23 1H/24 Change +/(-) Number of branches at 30 June 55 61 11% 55 61 11% Same-Store-Sales-Growth (SSSG) 17.7% 14.9% (2.8%) 19.3% 15.2% (4.1%) +17.7% +23.0% +5.0% +15.2% +14.9% Same