% in the previous quarter, driven mainly by a slowdown in domestic demand and private consumption. The exports sector fell sharply due to the continued strength of the baht, while tourism sector also
a pick-up in sales going into the end of the year and into 2020. Certain other key segments like chemical and construction also show positive tendencies. The continued strength of the Thai baht is
customers as well as mobile distribution through company’s synergy. This is the strength and Ecosystem different from other companies. The financial statements and operating performance of the Company and its
regulations related to requirement of minimum number of auditors in the capital market in an audit firm to enhance the overall strength of audit firms in the capital market Building Confidence in the Capital
audit firm to enhance the overall strength of audit firms in the capital market Building Confidence in the Capital Market NEWS Securities and Exchange Commission Corporate Communication and Investor
strength of audit firms in the capital market Building Confidence in the Capital Market NEWS Securities and Exchange Commission Corporate Communication and Investor Service Department Tel. (66)2033-9502-5 E
Instrument Baa1 Baa1 Baa1 Subordinated Debt Instrument Baa3 Baa3 Baa3 Financial Strength (BCA) baa2 baa2 baa2 Outlook Stable Stable Stable Standard & Poor’s Long-term Counterparty Credit Rating BBB+ BBB+ BBB
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 4.2 percent in 2018. Against the backdrop of a global trade slowdown and US-China trade uncertainty, merchandise exports and imports for the year contracted by 2.7 and 4.7 percent from 2018, respectively. Private investment slowed to 2.8 percent from 4.1 percent in 2018 while manufacturing production...
Subordinated Debt Instrument Baa2 Baa2 Baa2 Baa3 Subordinated Debt (Basel III-compliant Tier 2 securities) Baa3 Baa3 Baa3 - Financial Strength (BCA) baa1 baa1 baa1 baa2 Outlook Stable Positive Positive Stable S