tax cut packages and accommodative fiscal policy. Broadly speaking, both developed and developing economies, excluding China, showed signs of improvement in concert. Looking forward, the global economic

period of last year. The increase was derived from fees earned from loans, underwriting, private wealth management and mutual fund sales. Net interest income continued to rise. Likewise, net interest

increase of total sales volume, especially from thruput volume through service stations, which has the second largest market share and is constantly on the rise. However, intensifying market competition has

and private investment going forward. In addition, tourism revenue is expected to rise satisfactorily. Government expenditure is also projected to expand further as infrastructure projects are being

earlier this year due to higher growth of net loan than that of deposits. Broadly speaking, loans increased as seen from the rise in business, working capital and retail loans, particularly auto hire

, commercial banks recorded increased net profit over-year and over-quarter. The rise could be attributed to decrease in impairment loss on loan and debt securities coupled with higher growth in overall loans

Thailand is committed to building forward better in a post-pandemic world that has been exacerbated by the global shock in food supply caused by the war in Ukraine and the ongoing climate crisis

declined after accelerating in the previous quarter. Looking forward, financial institutions expect demand for business credit to increase, especially for large corporates to invest in fixed assets for

2 and Stage 3, the standard requires ECL allowances based on lifetime expected losses. Moreover, ECL also incorporates forward-looking economic scenarios into loss allowances. For 1Q20, expected

synergies on Spindletop acquisition • Start Lake Charles gas cracker in 1Q 2020 • Extract synergies in mobility, lifestyle and hygiene segments • Focus on organic growth via innovation Forward-looking