spectrum licenses as well as lower interest- bearing debt QoQ. Average cost of borrowing stood at 3.0% per year. Profit In 1Q19, EBITDA was stable YoY at Bt18,906mn due to higher network OPEX and SG&A

electronics and screens was steady. The automotive and oil related segments saw severe drops in off-take and for the first time we saw the shutdown of the retail segment which impacted our apparel demand. • Our

Assurance Review Panel (“QARP”) 5 02 Activities for enhancing audit quality 10 03 Summary of inspection results 15 A. Firm level 16 B. Engagement level 28 04 Root cause analysis 38 05 Our focus for 2015 41 06

. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL retained its leadership in the bancassurance business, holding the second largest market share in total premiums. To secure

Bank and its Subsidiaries Million Baht Item Quarter Change (%) Year Change 4/2017 3/2017 4/2016 3/2017 4/2016 2017 2016 (%) Net profit * 8,496 8,161 8,267 4.1% 2.8% 33,009 31,815 3.8% Earnings per share

ratio of 3:1. The exercising right is 1 warrant to 1 ordinary share. Due to the level of volatility in the market, the company will inform of the price prior to April 30, 2020 through the Stock Exchange

Thailand remained stable. Capital funds and reserves were at a high level and were able to support the challenges of uncertain economic conditions. The performance of the Thai banking system improved, mainly

Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The BOT has granted a temporary relaxation on liquidity, adjusting the LCR and NSFR to lower than 100 percent until 31 December 2021, in

quarter, net interest income advanced over-quarter and over-year. Likewise, net interest margin (NIM) was stable from the previous quarter. This reflected commercial banks’ attempts to manage funding cost

decrease of 14% YoY. Administrative expenses to sales increased to 7.7%, quite stable compared with Q3/2016. However, the ratio was lower QoQ from 8.9% in Q2/2017. 9M/2017 Administrative Expenses The Company