the same period last year, reflecting the concentration of domestic demand. This, combined with structural factors such as the expansion of the global value chain and e-commerce, increased the
growth from baht appreciation and world-trade sluggish. However, the Thai economy is attributed mainly by number of factors, namely 1.) growth in private consumption continues despite a lower rate of
interest income from loans following the adoption of the TFRS 9. This was also combined with a decline in transaction volume, as measures to prevent the spread of Covid-19 led to consumers using more digital
recovering after passing through the bottom in April, which was the most affected. After various countries around the world started relaxing their lockdown policies and travel restriction. Combined with the
investments and net fees and service income, mainly from lower fees from loan-related services, combined with the decline in fees from transaction services caused by the exemption of transaction fees via
be cautious upon 1) Crude oil and commodity prices trend - recovering trend will aid Thailand's inflation to rise which in turn will result in rise of farm income and ease Thai Baht appreciation via
margin rose by 0.14 percent from an improvement in yield on earning assets in all categories, combined with an increase in loan volume. As a result, interest income rose by Baht 1,782 million from the same
) of Baht 26 million in 2019 while the revenue from Combined Electricity and Power Company Limited (CHPP) had a slight fall in revenue corresponding to existing projects. PAGE 4 MANAGEMENT DISCUSSION
from overseas sales resulting from Thai Baht appreciation against 3 main currencies (USD, EUR, AUD) even though having higher export volume compared to the previous year. Cost of sales. Selling and