National Economic and Social Development Council and Ministry of Commerce Ye ar -o n- Ye ar C ha ng e (p er ce nt) 2018 2019 2019 2019 2 1.2 Banking Industry and Competition Commercial banks’ overall

customer engagement in order to reinforce our digital banking leadership, in support of the national policy of making Thailand a cashless society, we launched a “No Fees” campaign for funds transfer, top-up

-o n- Ye ar C ha ng e ( pe rce nt) Thailand Economic Growth 2 1 2 1 2016 2017 2017 Sources: Office of the National Economic and Social Development Board and Ministry of Commerce 2 Foreign Workers

to the first half of 2018 to accommodate domestic economic activity, which is on a recovery path. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

of infrastructure investment such as the Eastern Economic Corridor (EEC), mass transit trains and high-speed railways will bolster business sentiment. Moreover, there are indications that suggest

2 PPAs with EGAT of which qualified for the PPA extension and replacement for another 25-year period according to the outcomes of the National Energy Policy Committee’s Meeting on 24 January 2019

-o n- Ye ar C ha ng e (p er ce nt ) Sources: Office of the National Economic and Social Development Council and Ministry of Commerce Projection by KResearch as of May 5, 2020 2 1.2 Banking Industry and

in support of the national policy of making Thailand a cashless society. We always strive to bolster our capabilities in providing services via digital channels to promote increased digital

1.50 percent to accommodate the recovery path of domestic activity for the remainder of this year. Thailand Economic Growth Sources: Office of the National Economic and Social Development Board and

: Office of the National Economic and Social Development Council and Ministry of Commerce Ye ar -o n- Ye ar C ha ng e (p er ce nt ) 3.2 3.6 2.8 2.3 1.5 0.8 0.7 1.1 0 1 2 3 4 3Q 4Q 1Q 2Q GDP Headline