upward trend with 194,193 million baht worth of new securities issued during the year. Although it was inevitably affected by the September 11th incident in the U.S., the market was able to quickly recover

. enjoyed continually high loan growth. In addition, Muang Thai Life Assurance PCL retained its leadership in the bancassurance business, holding the second largest market share in total premiums. To secure

continual satisfactory growth. The SEC, as regulator and facilitator, remains committed to oversee and develop the Thai capital market to attain efficiency, transparency, integrity and be able to compete

education among target groups to expand competent investor bases. At the beginning of the year, the SEC restructured i ts organization to facilitate the implementation of the Capital Market Development Master

guidelines and measures by the Bank of Thailand and other regulatory agencies to ensure that KBank will be able to efficiently comply with regulatory standards. 3.3 Customer Segments and Services During the

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ there shall be at least one expert from each of the following fields: legal, accounting and finance. This is to reassure that the board members are competent and qualified, and do not possess any

security system must be in place, which includes system readiness, service continuity, and monitoring of business partners regarding IT security and customer data privacy protection. KBank will be able to

strengthening clearing and settlement system to be able to accommodate any possible default risk, and (3) enhancement of stability in securities trading system by laying down measures to prevent or cut off

Long Term Equity Fund (LTF) in the second half of 2004 added another positive factor to boost the market in 2005. Under specified investment conditions, unit holders of LTFs are able to enjoy tax

greater market share. KASIKORN ASSET MANAGEMENT CO., LTD. remained at the top of the mutual fund business. KASIKORN LEASING CO., LTD. saw satisfactory lending business volume in line with the overall