believe it may be prudent to lower the previous guidance of core EBITDA for 2019 by 10-15%. Our M&A projects continue to drive value-accretive growth. In 2018, the underperforming assets added through M&A

EBITDA Guidance. At this juncture, we believe it may be prudent to lower the previous guidance of core EBITDA for 2019 by 10-15%. Our M&A projects continue to drive value-accretive growth. In 2018, the

the gross profit ratio of rent and services business at similar level to the previous year. Hence, CPN continues to implement effective and cost management and prudent cost control measures to maintain

similar level to the previous year. Hence, CPN continues to implement effective and cost management and prudent cost control measures to maintain its profitability. In 2Q19, net profit stood at THB 2,701 mn

same level as the previous quarter. The Bank continued to focus on prudent control over credit underwriting and to ensure loan quality and the allowance for doubtful accounts to maintain at the

line with the prudent approach of setting aside adequate provisioning expenses, the Bank’s total allowances for doubtful accounts amounted to Baht 147.2 billion, which will provide a cushion against any

effective cost management and prudent cost control measures to maintain its profitability. In 3Q18, net profit stood at THB 2,620 mn, a 5.5% increase YoY. Net Profit In 3Q18, CPN reported a net profit of THB

prudent management. The reserves are to provide a cushion against the increasing uncertainty from the economic contraction due to the impacts from Covid-19 which are still difficult to predict the final

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

across broader range of businesses and wider geographical areas. Meanwhile, consumer loans expanded in all purposes, particularly auto loans. However, commercial banks remained cautious in lending as their