management business, but the Code will provide a clearer guideline for setting a responsible investment policy that will maintain a healthy balance between ethics and earning.?

Even though the Thai financial system remains strong, with commercial banks holding healthy levels of capital and liquidity reserves, the liquidity stress and the resulting irregularity in the

resource utilization, along with better IT systems to ensure that we will attain our business goals. All of the above endeavors and satisfactory operating performance, together with sound corporate

sustainable growth and returns while maintaining our market leadership under sound corporate governance and appropriate risk management. Guided by our core strategies of “Customer Centricity”, KBank has decided

. Overall, we always provide support to commercial loans and lending for energy efficiency as well as the harnessing of clean energy in place of fossil fuels, based on sound corporate governance practices

faithfully, Mr. Hiroaki Sano Managing Director 2018 2017 Gross profit margin 21.5% 19.9% Net profit margin 15.2% 11.6% Debt to Equity ratio 0.09 0.11 Earnings per share 2.58 1.90 ROA 15.8% 12.3% ROE 16.3% 13.2%

average Total Assets Return on Equity (ROE) = Net Profit to average Total Equity Yours faithfully, Mr. Hiroaki Sano Managing Director 2019 2018 Gross profit margin 23.7% 21.5% Net profit margin 19.3% 15.2

to average Total Equity Yours faithfully, (Mr. Hiroaki Sano) Managing Director 2017 2016 Gross profit margin 20.6% 13.5% Net profit margin 11.6% 7.1% Debt to Equity ratio 0.11 0.15 Earnings per share

recognition of the connection between sound ESG management and corporate resilience. And third, there is today much greater public scrutiny of companies and investors and the role they play in the economy and

sound and solid and thus strengthened their resilience to volatility. On progress of sustainable development, moreover, the Thai capital market obtained the highest corporate governance score among ASEAN