V3 27/02/63 0 V3 27/02/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in 2019 In 2019, the Thai economy grew by 2.4 percent year-on-year, down from

wrongdoing against a client’s assets by (1) using the client’s credit card to withdraw cash and spending the money for her own personal use, (2) replacing the client’s banking account contact information

2020 1 1.2 Banking Industry and Competition 2 1.3 Significant Regulations and Rules related to Business Operations 3 2. Risk Management and Risk Factors 7 2.1 Credit Risk Management 7 2.2 Market Risk

V3 12/05/63 0 V3 12/05/63 1 Management Discussion and Analysis Overview of the Economy and Banking Industry Thai Economy in the First Quarter of 2020 The Thai economy in the first quarter of 2020

points at the end of 2018. Overall Business Operations The Bank’s loan portfolio during 1Q19 grew 1.9% with growth driven by corporate banking loans, real estate development loans and housing loans while

Banking; the Federation of Thai SME; the Thai Venture Capital Association; the Investment Banking Club; the Federation of Accounting Professions under the Royal Patronage of His Majesty the King; and the

banking business and capital market business. Commercial banking business operated by Kiatnakin Bank Public Company Limited and the capital market business operated by Phatra Capital Public Company Limited

of the Bureau of Financial-Banking Crimes and Money Laundering, to discuss the developments of the legal proceedings in this case. “The SEC always places high importance on legal enforcement and

2018. Meanwhile, fee generated from investment banking business for 2019 totaled Baht 552 million, decreased when comparing to 2018. Bancassurance fee amounted to Baht 938 million, also declining 6.2

Asset Management business totaled Baht 178 million declining slightly by 6.8% from 1Q19. Meanwhile, fee generated from investment banking business for 1Q20 totaled Baht 167 million. 2 Total operating