prudently set up provisions to cushion against any possible deteriorations from the COVID-19 situation. Operating results of the Bank and subsidiaries for 1Q21 For 1Q21, the consolidated net profit totaled

maintain an adequate cushion for NPL in the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2019 1/2019 2/2018 1/2019 2/2018 2019 2018

line with the prudent approach of setting aside adequate provisioning expenses, the Bank’s total allowances for doubtful accounts amounted to Baht 147.2 billion, which will provide a cushion against any

continue to be major challenges. However, with a relatively high level of capital and the regular setting aside of additional provisions, commercial banks can still maintain an adequate cushion for NPL in

cushion the impact to some degree. Private investment is also projected to contract in line with the slowdown in economic activity. Public spending on investments are expected to be fall as government

! 3G -/7a / !5!! 9!3C!56 $5!I+51+63G 6-7 ! -M7- C (Net Capital) 476!769 7 +- /4 1 +,!+:/ +: 3G 6 cushion +,!7669 7 +- /4 +- /4 +: +-9M98A! +53G +!56+- %G 7 !A6,9M98A! /!I+5!I9, !!7 1 h 6+A!6 6

’ increasing reserves and the relatively high level of capital will continue to provide a cushion for the system’s NPL. Factors Affecting Banking Industry Performance Over the next two to three years, government

pace. However, commercial banks will still be cautious in their lending policies. The relatively high level of capital and increases in reserves will continue to provide a cushion for the system’s NPL

, “Management Report”. B prudent consideration on factors in line with uncertainties stemming from the continued economic slowdown. At the end of 2019, our robust capital position was sufficient to cushion

ratio of 15.73 percent, remaining sufficient to cushion against risk, and greater than the Bank of Thailand’s requirement, being 11.50 percent and 9.00 percent, respectively. All of the above endeavors