election, which is expected to take place early of 2019. Thai Banking Industry Although the commercial banking system in Thailand is facing challenges from an uncertain economic environment, its lending and

monitoring given that general elections are expected to take place in early 2019. Thai Banking Industry The commercial banking system in Thailand continues to face challenges from an uncertain economic

Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain

continued to contract, especially investments in machinery and capital goods. The delays in business investment were attributable to weak demand and concerns over the uncertain economic outlook in the period

highly uncertain situation. V2 27/08/63 5 Operating Income and Expenses of the Bank and its Subsidiaries Million Baht Quarter Change (%) H1 Change 2/2020 1/2020 2/2019 1/2020 2/2019 2020 2019 (%) Net

to expanding our business network and upgrading services within the AEC+3 region. In response to customers seeking to venture into other Asian countries, we set our sights on expanding business

and upgrading services within the AEC+3 region. In response to customers seeking to venture 17 into other Asian countries, we set our sights on expanding business operations in People’s Republic of

Regional Digital Bank” through our three-pronged initiative as follows: 1) Conventional Track: We remained committed to expanding our business network and upgrading services within the AEC+3 region. In

the measure to increase Cracking to CDU capacity ratio was enforced since the 1st of April, 2017, leading to lowered supplies. Moreover, Russian refineries were upgrading capacity since 2016, lowering

capacity ratio which was enforced since the 1st of April, 2017, leading to lowered supplies. Moreover, Russian refineries’ upgrading capacity since 2016, led to lowered production and export from Russia. In