from the covid-19 situation resulting in higher expected credit loss amount during 3Q20 when comparing to the same period last year. For loan portfolio, the Bank continues to focus on asset quality
industries, businesses and SMEs as well as relief for people who lose their jobs and incomes. The package also includes measures to stabilize the 3 financial markets by injecting liquidity and thereby ensuring
asset quality management for its loan portfolio and focus on expanding into profitable segment with better asset quality taking into careful considerations the economic conditions. As such, the overall
farmers to tax relief. The main lime consuming sectors of the industry had limited impact from Covid-19 in Q1 by the macro economy. However, the forecasts are for a drop in demand in the coming quarters as
and reducing the utilities consumption. However, the Company has put significant focus on enhanced health and safety standards which have allowed our customers and employees to feel safe in our stores
several relief measures being rolled out by the government. Since the beginning of the outbreak, the Company has committed to support and operate in compliance with the government’s measures and orders
, government spending will play an important role in supporting the economy through relief measures to help mitigate the impact of the Covid-19 pandemic, while infrastructure investment continues to proceed. The
Opportunity Given the COVID- 19 outbreak that is widely affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed
affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed affect the Company’ s revenue stream, the Company views
standards remains one of the SEC’s primary goals that continues to take precedence and focus. This is to ensure that investors will receive quality financial information and proper protection, which in turn