in order to empower every customer’s life and business, we recognize the importance of digital financial technology’s role vis-à-vis changing consumer behavior in using services, especially amid the
decrease in income from insurance business. Our coverage ratio rose over-year, while gross NPL ratio decreased slightly from the end of 2017, despite the deteriorating quality of loans granted to certain
-changing consumer behavior. Given the increased degree of uncertainty in global economies and politics, businesses may have to contend with Thai Baht volatility and rising interest rate trends. Within this
as certain banks had realized income from auction of mortgaged guarantee assets in the first quarter. Meanwhile, net fees and service income, in spite of an over-year decline, began to show signs of
issues that required judgment and interpretation of certain financial reporting standards. These are challenges on which the SEC and auditors must work closely together to further improve and develop audit
/or water-related litigation claims. - Market: All shifts in supply and demand for certain commodities, products, and services. - Reputation: All risks tied to changing customer or community perceptions
Community (AEC), and the advancing digital age amid the rapid pace of technological advancement, thus leading to changing customer behavior, regulatory changes and life platform-driven competition. Given the
the audit quality control system, and closely monitored the COVID-19 pandemic situation to adjust the oversight approach and communication with stakeholders to meet the changing situation. In so doing
trainings. Executive summary 2 On the engagement-level inspections, the SEC has detected deficiencies in certain audit areas such as audits of revenue cycle and substantive analytical procedures. We have
Agreement, the banks have specified certain conditions precedent which have to be satisfied prior to the drawdown of loan. The conditions precedent are in line with the general conditions precedent for the