labor’s cost at the initial stage for training and development of the employee’s skill resulting the high manufacturing cost at the initial stage. If the Company reach the Optimum Level and the installation
the company’s related employees for effective and complete preparedness to ensure that KLeasing will be able to conduct business in strict compliance with laws. 5 Market Conduct The Bank of Thailand
workforce through a blend of skills and experience. In addition, staff development program will also be addressed to develop employees’ skills and capabilities. Third R – Renovate: Investment of over Baht
from the change in defined benefit plan according to KBank’s employment policy which is not related to labor law, together with rising marketing expenses, our cost-to-income ratio stood at 45.02 percent
and monitoring measures and activate an incident response team to combat the spread of the virus. They include: 1.1 Implement preventive measures 9 Recommend employees to avoid traveling between
policy to increase the minimum wage, which is projected to benefit over 3.7 million employees beginning January 1, 2025. This policy is expected to exert a positive influence on the Company’s operations in
expenses as they were required to set aside reserves for employee welfare benefits in compliance with the amendment to the new Labor Protection Act. Meanwhile, NPLs to total loans edged up slightly from the
Nations Development Program (UNDP). Moreover, we shared our experiences in sustainable development efforts to executives and employees of other banks. KBank believes that good corporate governance is
situation. Environmental The Company has joined as a member in Greenhouse Gas Reduction workforce in Aeon Financial Services Group, Japan, in which established goals and short-term and long-term action plans
quarter, because there is no sale of written-off receivables in this quarter. However, in comparison of the 9M/2023’s revenue to the same period last year, the revenue from credit card increased 5%, in line