gains on investments declined. There was also a decline in net fees and service income due partly to the change in recognition of fee income directly related to lending according to the TFRS 9. In the
industrial countries that could affect domestic demand as well as geopolitical risks. In addition, there remained downside risks pertaining to domestic factors such as elevated household debt, impacts from
, particularly in the retail and wholesale, and tourism sectors. There was slightly higher demand for consumer loans from the previous quarter from credit card loans resulting from sales promotions and new
interest rates of the Thai Baht and US Dollar in the money market. However, there were still some risks such as the US’s fluid economic and political policies, political tensions between North Korea and the
1, 2020. Currently there are 5 D-SIBs in Thailand which are Bangkok Bank, Krung Thai Bank, Bank of Ayudhya, KASIKORNBANK, and Siam Commercial Bank. Over the past years, KBank has always recognized the
dropped as a large number of fixed-term deposit accounts reached maturity, and there was a cash outflow from current and savings accounts at three or four banks. Looking at the remainder of this year
also signaling that there would be three rate hikes this year; markets have mostly factored in this interest rate uptrend. At the same time, short-term Thai bond yields dropped on lower-than-expected
Objectives and the amendment of Clause 3 of the Memorandum of Association regarding the Company’s Objectives to accommodate the 6 Company’s bidding with government agencies as there will be requirements on
government agencies as there will be requirements on specific objectives and the Company’s scope of work acceptance to increase revenue generating channels for the Company. The details of additional proposed
banking penetration is still low and there is no KBank branch service available. To this end, Thailand Post Company Limited was appointed as our first KBank Service agent to accept cash deposits into KBank