closing ILM Malaysia. If excluding these one-time expenses, net profit in Q4/2018 would be Baht 151.8 million. • Operating revenue continued to show growth of 3.0% compared to Q4/2018, with key

Analysis for the Year ended 31 December 2017 Page 4/21 Overview of Economy and Competition in Commercial Banking In 2017, the Thai economy continued to gain further traction underpinned by an accelerated

for the year 2017 decreased to 2.3% from 2.5% yoy attributed by the Bank’s continued effort on cost management. For the year ended Consolidated Change Dec 31, 2017 Dec 31, 2016 Baht million % Interest

company world-wide. We continued to strengthen our Corporate Governance capabilities and The Stock Exchange of Thailand, where the Company is listed, recently ranked us, again, at a ‘Five Star’ level, the

company world-wide. We continued to strengthen our Corporate Governance capabilities and The Stock Exchange of Thailand, where the Company is listed, recently ranked us, again, at a ‘Five Star’ level, the

Analysis for the Year ended 31 December 2017 Page 4/21 Overview of Economy and Competition in Commercial Banking In 2017, the Thai economy continued to gain further traction underpinned by an accelerated

for the year 2017 decreased to 2.3% from 2.5% yoy attributed by the Bank’s continued effort on cost management. For the year ended Consolidated Change Dec 31, 2017 Dec 31, 2016 Baht million % Interest

quarter of 2018 continued to grow year-on-year on the back of buoyant domestic demand. Private consumption continued to gain traction, supported by improvement in income and employment. Furthermore, there

%, personal loan income at 6%, bad debt recovery at 21% as well as the growth of subsidiaries in Thailand and overseas by 15%. This is because the Company has continued launching new marketing campaigns

sentiment, accompanied by growth in public investment which resembled the growth rate from the same period last year. All in all, economic drivers continued to perform well particularly merchandise exports