maintain an adequate cushion for NPL in the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2019 1/2019 2/2018 1/2019 2/2018 2019 2018

after a clearer picture of local politics. Analysis of the Operating Results The analysis of the operating results of Land and Houses Securities Public Company Limited and its subsidiary were compared the

be effective in 2020, the Thai commercial banking system will be more stable and able to support loan expansion in the next phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item

phase. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2018 2/2018 3/2017 2/2018 3/2017 2018 2017 (%) Net profit * 9,030 9,194 8,161 (1.8)% 10.6

credit demand and the economic volatility caused by Covid-19. V2 27/08/63 3 Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) H1 Change 2/2020 1/2020 2/2019 1/2020 2

the banking system. Overall Picture of the Bank and its Subsidiaries Million Baht Item Quarter Change (%) 9 Months Change 3/2019 2/2019 3/2018 2/2019 3/2018 2019 2018 (%) Net profit * 9,438 9,347 9,030

activities. Yearly regressions paint a similar picture. 17 (Table IV about here) (Table V about here) (Table VI about here) We find volatility to be negative and significant in six of ten regression, four

ap d. es not includ for which as Baht, whereb l repayment based on ave advisor and e Company’ s. ach can be su WPS 7-2021 2 98.25 4.50% 05.52 view that is a suitable ely in accord business, ppraised by

impact on the Group's distribution models, which in turn could have a material adverse effect on the Group's financial condition and operating results. Negative impacts on the Group's global brand image

support the TMX project by considering working with Hero Experience in some aspect, for example, considering to broaden the sales to ASEAN, as to improve the image of Thailand. The main target group will be