loan (NPL) ratio was at 3.6 percent with strong loan loss reserves to NPL at 183.4 percent. The Bank continued to focus on prudent control over credit underwriting and risk management to ensure loan
FROM THE CHAIRMAN (Suchart Jaovisidha) Chairman SCE_Eng_p.1-16 10/29/04, 1:05 AM4 5 In 2003, the bullish stock market was a good reflection of Thailandûs economic recovery with strong outlook and
strategies or in exotic derivatives, an explanation as to why the average actual leverage is higher than the gross leverage estimate specified in the prospectus; (8) opinion of the mutual fund supervisor on
performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors. We do not undertake to update our forward-looking statements
are not a guarantee of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors. We do not undertake to
respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors
financial status and a potential to an actual investment as well as have knowledge, skills, experience or potential in a manner that benefits or supports the Company’s operation. 3. The offering price of the
Relating to Issuance and Offer for Sale of Securities; or (b) being individual investors or juristic persons that have a stable financial status and a potential to an actual investment as well as have
of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors. We do not undertake to update our forward