governance, appropriate risk management and effective cost management. At the same time, we have focused on collaboration and synergy with other companies within KASIKORNBANK FINANCIAL CONGLOMERATE, Muang Thai
businesses have felt compelled to seek new business opportunities. KASIKORNBANK has established our business directions on the foundation of a Bank of Sustainability, accounting for the balance of three
% YoY and 7% QoQ, mainly attributed to the refinery business in Q1/2018, where Total GRM decreased to 6.37 $/BBL (Q1/2017: 7.96 $/BBL, Q4/2017: 8.75 $/BBL), as there was an Inventory Loss of THB 70
crude run to a high level, although the Hydrogen Production Unit and Hydrocracking Unit underwent temporarily shut down between May and June. For this quarter, the gross refinery margin was 6.38 USD/BBL
63% YoY and 16% QoQ, mainly attributed to the refinery business in Q2/2018 where Total GRM increased to 12.82 $/BBL (Q2/2017: 4.18 $/BBL, Q1/2018: 6.37 $/BBL) Management Discussion and Analysis of
$/BBL, a decline of 19.69 $/BBL, or a decline approaching of almost 40% from the previous quarter. This has affected the performance of the refinery business. Moreover, the Thai economy, especially
. Gross refinery margin was 6.66 USD/BBL (+1.04 USD/BBL YoY, +0.28 USD/BBL QoQ), GRM was higher from the increase in crack spread of most finished oil products, while Dated Brent and Dubai crude spread (DTD
recorded at THB 13,543 million, increased by 14% YoY, mainly attributed to the refinery business. In 2017, Total GRM was 7.23 $/BBL an increase of 0.70 $/BBL when compared to 2016. The refinery business
risks in Thailand Speakers Mr. Vitai Ratanakorn, President and CEO of Government Savings Bank Mr. Krit Jitjang, President of KASIKORNBANK Ms. Uthaiwan Anuchitanukul, Head of Excellence & Sustainable
Dubai crude in Q1/2020 was at 50.41 $/BBL, a decline of 11.63 $/BBL, or a decline approaching almost 20% from the previous quarter. Moreover, the COVID-19 outbreak in Thailand caused demand for fuel