V3 22/02/61 10:09 น. 0 V3 22/02/61 10:09 น. 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2017 In 2017, Thailand’s real GDP grew by 3.9 percent, up

/61 14:31 น. 9 Portion of Loans by Business Type Manufacturing and commercial Utilities and services Housing Real estate and construction Agriculture and mining Others Million Baht Loans by Business

corporates, consumers, and loans made through the Bank’s international network. V2 13/11/61 17:55 น. 9 Portion of Loans by Business Type Manufacturing and commercial Utilities and services Housing Real estate

Thani Maldives hotel project with Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT). On 25 September 2019, the Company transferred all businesses, including the leasehold rights over

in relation to the Dusit Thani Maldives hotel project with Dusit Thani Freehold and Leasehold Real Estate Investment Trust (DREIT). On 25 September 2019, the Company transferred all businesses

purchase of real estate, allow the purchaser and the seller to reach agreement in many ways on such issues on a voluntary basis to the satisfaction of both parties. The opinions of the Independent Financial

E_1 Legal_FA_2015_12_29-c A CorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2019 Thai economy in 2019 showed decelerating growth at 2.4

-depth information on real estate investment. Meanwhile, we continue with our 12 aspiration to become “Customers’ Life Platform of Choice” - the most-preferred platform that can meet customers’ needs in

E_1 Legal_FA_2015_12_29-c A WCorpL4.1hig A Executive Summary of Management Discussion and Analysis 1 For the Year Ending December 31, 2018 In 2018, the overall Thai economy maintained its growth due

(%) March 2017 December 2016 Manufacturing and commercial 818,265 814,365 810,335 0.5% 1.0% Utilities and services 419,339 424,143 399,372 (1.1)% 5.0% Housing 222,977 220,250 219,365 1.2% 1.6% Real estate and