Microsoft Word - 61-01_E_Explanation of overall operation for 2017.DOC FANCY WOOD INDUSTRIES PUBLIC CO.,LTD. 257 MU 1 SOI HYLAND, SUKSAWAT RD., PRASAMUTJADEE, SAMUTPRAKARN 10290, THAILAND TEL : (662

Thai Economy in the Third Quarter of 2018 Overall, the global economy exhibited ongoing growth. However, signs emerged that many countries, particularly emerging economies, which had been under pressure

transactions, and thus slash our cash management costs, leading to reduced costs for our customers and within the overall economic system in the long run. Within this context, KBank and K Companies accentuate

overall economic performance and within the established targets. Our net interest margin (NIM) equaled 3.47 percent – slightly higher than the preceding quarter. Even though our cost to income ratio rose

sustain its growth. Overall, however, it was plagued by weak exports and tourism amid the global economic slowdown. Aside from these challenges, businesses had to contend with more complex competition

Inflation 2018 2018 2019 2019 2 1.2 Banking Industry and Competition Commercial banks’ overall performance in the second quarter of 2019 recorded an increase in net profit over-quarter and over-year. Compared

exhibited signs of ongoing growth, driven largely by exports and tourism. This is in line with the overall global economic improvement. Domestic spending enjoyed promising growth, as evidenced by brighter

255 million or 1.11 percent in net interest income, derived from rising interest income from investment. KBank maintained key financial ratios at levels consistent with our overall economic performance

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

Asian central banks reduced their policy rates continuously. Looking domestically, Thailand’s economic activity in many sectors declined in line with the overall global economy. The tourism sector in