second round of COVID-19 epidemic subsided. In addition, there was an improvement in economic activity and continued support from government measures. Although, the government spending became contraction
material due to increase of production order and decreasing in bank overdraft and short-term borrowings from financial institution due to the repayment. In conclusion, the Company operates with our corporate
percent, because the growth of the same store sales of the domestic restaurants and bakery shops are decreased by 4. 4 percent as a result of an domestic economic slowdown and the growth of the same store
). Industry Overview The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP in 2018 growth 4.1% YOY, driving by private consumption and investment. Although the
be allocated from working capital. Long Term Loan from financial institution at the amount of THB693 million for 7 years of repayment. 7. Expected benefits for the Company To support the
our status as a leading financial institution which can efficiently cope with potential economic uncertainties, KBank emphasizes predictive integrated risk management (IRM) through the establishment of
granting of such approval shall be in accordance with the rules, conditions and procedures as specified by the SEC. The establishment of a branch office of a financial institution established in accordance
Page 4/20 Economic Overview and Competition among Commercial Banks In the first quarter of 2020, Thai economy highly contracted from the same period last year as the COVID-19 pandemic has caused