decline could be attributed to an increase of Baht 1,493 million or 16.36 percent in our impairment loss on loans and debt securities to cope with economic uncertainties. Operating profit before provision

could be attributed to a decrease of Baht 221 million, or 2.08 percent in impairment loss on loans and debt securities and an increase of Baht 835 million, or 2.13 percent in net operating income which

the target. In this quarter, our impairment loss on loans and debt securities increased slightly from the prior quarter. At the same time, our robust capital position was sufficient to cushion against

Position Analysis 26 4.3 Loans and Deposits 28 4.4 Treasury Operations 32 4.5 Operating Performances of K Companies and Muang Thai Life Assurance PCL 33 4.6 Capital Requirements 34 4.7 Credit Ratings 36 5

in a decrease in the cost-to-income ratio, which stood at 42.52 percent. KBank has set aside higher allowance for impairment loss on loans, in line with uncertainties from the ongoing economic slowdown

42.58 percent compared to the previous quarter, which was still better than the target. In this quarter, our impairment loss on loans and debt securities increased slightly from the prior quarter, but

year, which was still better than the set target. In this quarter, our impairment loss on loans and debt securities decreased Baht 1,314 million, or 14.39 percent, in line with the prevailing

and a decrease in net premiums earned - net. Meanwhile, net interest income rose Baht 1,556 million or 6.57 percent, due largely to interest income from loans and investments. Net interest margin (NIM

Financial Position Analysis 21 4.1 Operating Performance 21 4.2 Financial Position Analysis 28 4.3 Loans and Deposits 31 4.4 Treasury Operations 34 4.5 Capital Requirements 35 4.6 Credit Ratings 36 5

working capital from operating activities that have low financial costs to invest in fixed assets (land, buildings and equipment) and repay loans. The Company has various types of credits from several