shares PAGE 4 MANAGEMENT DISCUSSION & ANALYSIS (MD&A) Q3 2019 Executive Summary In Q3/2019, TRIS Rating assigns the company rating on Global Power Synergy PLC (GPSC) at “AA -” with “stable” rating outlook
accommodate domestic economic activity, which is continuing along a stable recovery path. 1.2 Banking Industry, Competition and Emerging Risks Banking Industry and Competition Commercial banks’ overall
instruments Baa1 Baa1 Baa1 Subordinated debt instruments Baa3 Baa3 Baa3 Outlook Stable Stable Stable Financial strength (BCA) baa2 baa2 baa2 Financial strength outlook Stable Stable Stable Standard & Poor’s
, trading and construction. Demand for consumer loans is likely to increase in the credit card sector, while demand for housing loans and other personal loans will be stable. Demand for auto-leasing will tend
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
regulations for Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) requirements. The preparation for TFRS 9 adoption, which will come into effect in 2020, and managing loan quality and NPL
. Administrative expenses on nine-month and 3nd quarter of 2019 decreased 25.90 and 18.22 percent from the same period of last year, due to additional administrative expenses from expanding in 2nd production line
growth compared to last year of the same period by expanding branch of Zaap Classic from 6 to 14 branches since Q4/ 2016 and increased two franchises in this quarter. - Swine farm business recorded its
same period by franchises and delivery services expanding and co-promotion with banks and mobile service providers. - Swine farm business recorded its revenue of Baht 50.9 million that decreased of Baht
expanding distribution channel. 1.3) Revenue from selling of real estate increase 80. 83 million baht or 100% due to its subsidiaries start to recognize revenue from selling of real estate. 1.4) Revenue from