the main customers in South America expanded more branches which lead to increase in the sales volume this quarter. In addition, Company’s revenue was affected by the appreciation of exchange rate of 3

LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q1/2018 2 2. ECONOMIC SITUATION Thai economy in Q1/2018 continually expanded, supported by every economic engine especially merchandise exports, which were

market environment The Thai economy for the year 2018 expanded as expected according to its potential with growth for the nine months of 2018 at 4.3%. For the last quarter of 2018, the economy continued to

Operations for the year 2017 The Bank’s loan portfolio for the year 2017 expanded at 9.3% from the end of 2016, a considerable growth comparing to contractions during the past 3 years from 2014 – 2016. The

to listed companies clients and large corporate clients or financing for Investment Banking transaction of Capital Market Business. Current outstanding loans totaled Baht 15,807 million, expanded by

foreign currencies are expanded to cover more investment products; units of foreign collective investment scheme, for instance.The consultation paper is available on www.sec.or.th. Stakeholders and

purchase as a result of the end of the first car scheme. The number of new car sales for the first five months of 2018 expanded by 18.0% yoy with the growth for the passenger car segment (including SUV) and

of new car sales for the first half of 2018 expanded by 19.3% yoy with the growth for the passenger car segment (including SUV) and the commercial vehicle segment growing at 23.0% and 16.2

mainly from the disbursement in construction and machinery purchase from the Royal Irrigation Department and Department of Rural Roads. Meanwhile, in the external sector, export expanded at a slower pace

mainly from the disbursement in construction and machinery purchase from the Royal Irrigation Department and Department of Rural Roads. Meanwhile, in the external sector, export expanded at a slower pace