end of 2017. Even though deposits recorded slower growth than loans, overall liquidity in the banking system remained plentiful. KBank ranked fourth in assets, deposits and net loans in the commercial

term. In addition to achieving revenue growth, the company-wide cost optimization is ongoing and translated into EBITDA expansion of +9% YoY and +2.4% QoQ to stand at Bt18,905mn, a reported margin of

relatively flat compared to 33.5% in 2018 due to higher depreciation expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or

maintenance cost and depreciation expense from the expansion pipeline system. However, Gross Profit Margins of excluding Other Utilities Revenue was 34.3% in 9M2019 flat with 34.4% in 9M2018 For our 3Q2019

construction of pipeline expansion to connection points of water distributors due to the lockdown measurement in Vietnam during COVID-19 pandamic. Net Profit attributable to Owners of the Parent In 1Q2020

expense from the expansion pipeline system. For our 2019 EBITDA was Baht 2,740.9 million, compared to Baht 2,854.8 million in 2018, or decrease by 4.2%. 6 2. FINANCIAL POSITION The Consolidated Balance

2020. For credit card expansion, in this quarter, the Company cooperated with Bangkok Smartcard System Company Limited (Rabbit Card) to launch AEON Rabbit Platinum Card, which offering many privileges

year, private consumption and the continued expansion of both private and government investment, while the headline inflation rate averaged of 1.7%-2.2%. The unemployment rate in 2Q/2023 was 1.06

assets to ensure their resilience to liquidity shocks. Factors Affecting Banking Industry Performance Thai commercial banks may encounter challenges from rapid changes in government policies and in the

guarantee assets at certain banks, however, banks’ performance was still under Thailand Economic Growth Sources: Office of the National Economic and Social Development Council and Ministry of Commerce