slowdown in economic activities. Additionally, loan growth is also partly impacted by the relief measures for the COVID-19 which resulted in the outstanding loans for the portion participating in the relief
temporary suspended. Private consumption contracted as a result of weakening purchasing power and high household debt. Government have implemented financial relief measure to help those affected by the COVID
%, compared to a growth of 1.5% in the previous quarter, according to data from Bank of Thailand and NESDB. This was mainly from contraction of export sector due to sluggish demand in the global market, oil
was mainly from the continued growth of bad debt recovery that increased by 16% y-y caused by the increased of expedite the legal process. Expenses The Company’s expenses mainly consist of operating and
Bank’s loan portfolio for 1Q21 expanded by 2.1% from the end of 2020 with growth driven by hire purchase, housing and real estate lending segment. For asset quality, the Non-Performing Loans (NPLs) to
line with the growth in the industry, coupled with, pent up demand during lock down period. - Food business: new format and new store concepts have been implemented to serve the lifestyles of our
, particularly in the export sector, the tourism sector, slowdown of private consumption and investment as well as the Baht’s ongoing appreciation. In 2020, Thailand economic growth will likely slowdown. There are
Board (NESDB), Thailand’s economy expanded by 3.0% in the third quarter of 2024, marking an acceleration from 2.3% growth recorded in the previous quarter. The growth in Thailand’s economy in 3Q/2024 was
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