Slides
Page 1
1 Investor Presentation For 2024
Page 2
2024 Key highlights Operating environment 2024 BBL’s financial performance 2025 Key focus and target Bangkok Bank 2
Page 3
2024 Key highlights Prudent approach has been key to delivering sustainable returns over the years Strong performance Through diversified mechanism Resilient balance sheet strength +8.6% YoY 3.06% 16.2% Record-high net profit driven by higher operating income while maintaining cost and provision Improved net interest margin backed by diversified loan portfolio and liquidity management Common equity tier 1 vs. 15.4% in 2023 +0.8% YTD +1.8% YoY 85.0% Quality loan growth underpinned by corporate and international lending Net fees and service income through strategic partnership and collaboration Loan to deposit ratio healthy liquidity position 2.7% 48.0% 334.3% NPL ratio supported by effective asset quality management Lower cost to income ratio reflecting disciplined cost management Robust coverage ratio well-secured reserves 3
Page 4
2024 Key highlights Operating environment 2024 BBL’s financial performance 2025 Key focus and target Bangkok Bank 4
Page 5
2020 2021 2022 2023 2024 2025 2026 2027 Covid - 19 Global Inflation New Normal Beginning of a New Phase of the Economic Recovery 5
Page 6
Global Inflation have come down substantially from peaks in 2022 Unit: %YoY. Source: U.S. Bureau of Labor Statistics, Office for National Statistics, Eurostat, & National Bureau of Statistics. 0 4 8 12 2020 2021 2022 2023 2024 EU Inflation% -1 2 5 8 2020 2021 2022 2023 2024 China Inflation 0 % 0 4 8 12 2020 2021 2022 2023 2024 UK Inflation% 0 4 8 12 2020 2021 2022 2023 2024 US Inflation% 6
Page 7
Central banks in most economies are entering the new phase of monetary easing cycles Source: Federal Reserve Board, European Central Bank, Bank of England, & Bank for International Settlements. 0 1 2 3 4 5 6 2020 2021 2022 2023 2024 US Policy Rate% 0 1 2 3 4 5 6 2020 2021 2022 2023 2024 2025 UK Policy Rate% 0 1 2 3 4 5 2020 2021 2022 2023 2024 2025 EU Policy Rate% 2 3 4 5 2020 2021 2022 2023 2024 China Policy Rate% 7
Page 8
Services sector leads recovery, while manufacturing sector starts to rebound in key economies 40 42 44 46 48 50 52 54 56 58 2023 2024 2025 US PMI Manufacturing Service Composite 40 42 44 46 48 50 52 54 56 58 2023 2024 2025 Japan PMI Manufacturing Service Composite 40 42 44 46 48 50 52 54 56 58 2023 2024 2025 China PMI Manufacturing Service Composite 40 42 44 46 48 50 52 54 56 58 2023 2024 2025 EU PMI Manufacturing Service Composite Source: IMF, January 2025 World Economic Outlook. 8
Page 9
IMF predicts global economic activities will improve slightly in 2025 Annual % Change Real GDP growth projections Source: IMF, January 2025 World Economic Outlook. 3.3 3.2 3.3 2023 2024 2025 World 2.9 2.7 2.1 2023 2024 2025 United States 0.4 0.8 1.0 2023 2024 2025 EU 5.2 4.8 4.5 2023 2024 2025 China 5.7 5.2 5.1 2023 2024 2025 Emerging and Developing Asia 2.1 2.4 3.9 Middle East and Central Asia 3.6 3.6 4.2 2023 2024 2025 Sub-Saharan Africa 2.2 2.1 2.5 2023 2024 2025 Latin America and The Caribbean 9
Page 10
ASIA Estimate Projection 2024 2025 China 4.8 4.5 India* 7.0 6.5 Japan 0.3 1.1 Korea 2.5 2.2 ASEAN-5** 4.5 4.5 Indonesia 5.0 5.1 Malaysia 4.8 4.4 Philippines 5.8 6.1 Thailand 2.8 3.0 IMF forecasts for key Asian economies World economic outlook (ASIA), January 2025 update Note : India’s data are reported on a fiscal year basis. Its fiscal year starts from April 1 and ends on March 31. ** ASEAN-5 : Indonesia, Malaysia, Philippines, Singapore, Thailand. Source: IMF, January 2025 World Economic Outlook. 10
Page 11
Export growth resumes in major exporting countries. However, the increasing trade tensions with the US will hinder the momentum -20 -10 0 10 20 30 2022 2023 2024 China -40 -20 0 20 40 60 80 2022 2023 2024 Indonesia -20 -10 0 10 20 30 2022 2023 2024 2025 South Korea -30 -20 -10 0 10 20 30 40 2022 2023 2024 2025 Taiwan Unit: USD Bn. Source: General Administration of Customs, Statistics Indonesia, Korea Customs Service and Ministry of Finance. 11
Page 12
Thai exports expanded, supported by the recovery of the global economy Exports by country %YoY Dec 2024 2024 Exports 8.7 5.4 Primary market 12.0 6.0 United States 17.5 13.7 China 15.0 3.1 Japan 0.6 -5.3 ASEAN (9) 7.8 4.6 ASEAN (5) -0.6 -0.8 CLMV (4) 20.7 12.7 EU 19.1 10.2 Secondary market 6.2 4.6 South Asia 44.5 13.1 India 62.8 16.2 Middle East 11.3 3.8 Latin America 12.3 15.2 UK 37.4 3.0 12
Page 13
1 January 2025 – 16 February 2025 5,589,051 Top 10 nationalities of tourists by number of arrivals 1 January 2025 – 16 February 2025 1 2 3 4 5 6 7 8 9 10 China Malaysia Russia Korea India France UK U.S.A Germany Taiwan 916,340 714,661 390,794 306,459 275,465 191,475 184,235 178,430 176,569 175,820 Source: Immigration Bureau. In 2025, tourist arrivals are projected to reach 39.5 million. In January, tourist numbers continued to rise, although Chinese tourists were fewer than expected Number of tourists Million Persons 2023 2024 2025F Number of International Tourists 28.2 35.5 ≈ 39.5 0 100 200 300 400 500 600 2022 2023 2024 THB Bn International tourist travel receipts 13
Page 14
14 809,384 861,340 625,077 549,481 447,357 361,412 511,901 618,615 750,129 1,138,508 0 300,000 600,000 900,000 1,200,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Value (Mn Baht) 2,237 1,688 1,227 1,469 1,500 1,501 1,572 1,554 2,383 3,137 0 1,000 2,000 3,000 4,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 No. of Projects Request for BOI Promotion is at decade high level Source: The Board of Investment of Thailand. 14
Page 15
Source: The Board of Investment of Thailand. 15
Page 16
However, private consumption remains subdued in the recent quarters. This is partly due to high level of household debt to GDP Source: NESDC and Bank of Thailand. 70 80 90 100 2020 2021 2022 2023 2024 Household debt to GDP (%) -4 -2 0 2 4 6 8 10 2021 2022 2023 2024 Private consumption (%YoY) 16
Page 17
17 4.2 5.0 5.4 1.7 -0.7 7.5 0.8 7.2 2.7 1.0 3.1 3.4 4.1 4.2 2.4 -6.1 1.6 2.6 2.4 2.52.5-3.0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Global financial crisis Strong Baht appreciation up to taper tantrum GDP growth %YoY Collapse in commodity priceGreat floods Large-scale fiscal stimulus Global economic recovery Brexit US election Exports recovered, easing of lockdown paved way for a recovery in domestic activity US electionCoronavirus outbreak Covid - 19 Global Inflation New Normal Bangkok Bank forecasts uncertainties and global economic headwinds will limit Thai economic growth to around 2.5-3.0% in 2025 17
Page 18
0 4 8 12 16 20 0 50 100 150 200 250 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 ASEAN Member States: FDI Inflows, USD Bn Share of the World, % (RHS) New wave of investment into ASEAN Source: UNCTAD, FDI/MNE database (www.unctad.org/fdistatistics). 18 2023
Page 19
New wave of FDIs into ASEAN (by country) Source: UNCTAD, FDI/MNE database (www.unctad.org/fdistatistics). 62.1 65.3 60.3 38.8 75.6 81.8 66.5 53.0 -20 0 20 40 60 80 100 2017 2018 2019 2020 2021 2022 2023 9M2024 Indonesia Malaysia Philippines Thailand VietnamUSD Bn 19 Note: Excluding Brunei, Cambodia, Laos, Myanmar, and Singapore.
Page 20
ASEAN will transform rapidly over the next 5 years Source: UNCTAD, FDI/MNE database (www.unctad.org/fdistatistics). 20
Page 21
New phase and long-term challenges Supply chain of coming FDI Regionalization and globalization Digital transformation ESG and energy transition trend Regional infrastructure 21
Page 22
2024 Key highlights Operating environment 2024 BBL’s financial performance 2025 Key focus and target Bangkok Bank 22
Page 23
Loan by business unit/1 % of composition 5% Business Consumer 12% 12% Commercial International 25% Corporate 46% 2,083 2,061 2,368 2,588 2,683 2,672 2,693 2018 2019 2020 2021 2022 2023 2024 +0.8% YTD Utility and service 19% Housing 12% 31% Others Agriculture and mining 3% Manufacturing and commercial 27% Real estate and construction 8% Dec-24 Loan by industry % of composition Loan Billion Baht Dec-24 Prudent and well-diversified loan portfolio Note: Include Permata’s financial performance since May 2020 /1 Corporate banking serves large domestic and multinational companies. Commercial banking serves medium-sized enterprises. Business banking serves small-sized enterprises. Consumer banking provides retail banking services. International banking provides services through BBL’s international presences in 14 economies. 23
Page 24
2.40% 2.35% 2.24% 2.10% 2.42% 3.02% 3.06% 3.72% 3.72% 3.28% 2.92% 3.30% 4.48% 4.75% 2018 2019 2020 2021 2022 2023 2024 1.52% 1.59% 1.19% 0.94% 1.02% 1.71% 2.00% 71.4 71.1 77.0 82.2 102.2 130.9 133.9 2018 2019 2020 2021 2022 2023 2024 Net interest income Billion Baht NIM, Yield on earning asset, Cost of fund % Yield on earning assets NIM Cost of funds Net interest income growth supported by balance sheet management in line with prevailing market interest rates Note: Include Permata’s financial performance since May 2020 Policy rate 1.750% 1.250% 0.500% 0.500% 1.250% 2.500% 2.250% MLR 6.250% 6.000% 5.250% 5.250% 5.850% 7.100% 6.900% MOR 7.125% 6.875% 5.875% 5.875% 6.350% 7.550% 7.350% +2.3% YoY 24
Page 25
15% 16% 9% 10% 10% 9% 9% 23% 24% 22% 19% 25% 30% 32% 21% 19% 19% 15% 14% 14% 12% 8% 7% 7% 6% 6% 5% 6% 20% 21% 23% 22% 20% 20% 21% 13% 13% 20% 28% 25% 22% 20% 2018 2019 2020 2021 2022 2023 2024 27.6 28.5 24.7 29.2 27.5 27.2 27.7 2018 2019 2020 2021 2022 2023 2024 Net fees and service income Billion Baht Fees and service income % of composition Fee income growth through strategic partnership and collaboration Loan related fees Credit card business Transaction services Global market services Bancassurance and mutual funds Other fees and commissions Note: Include Permata’s financial performance since May 2020 +1.8% YoY 25
Page 26
55.2 55.0 66.0 67.3 69.0 81.8 84.4 2018 2019 2020 2021 2022 2023 2024 45.4% 41.1% 55.6% 50.0% 49.7% 48.8% 48.0% 2018 2019 2020 2021 2022 2023 2024 Operating expenses Billion Baht Cost to income ratio % Note: Include Permata’s financial performance since May 2020 Continued to improve operational efficiency over time horizontal while focusing on cost management, resulting in a lower CIR +3.2% YoY -0.8% YoY 26
Page 27
22.0 32.4 31.2 34.1 32.6 33.7 34.8 0.0 10.0 20.0 30.0 40.0 50.0 60.0 0 0.002 0.004 0.006 0.008 0.01 0.012 0.014 0.016 0.018 2018 2019 2020 2021 2022 2023 2024 Strong loan loss reserve Loan loss reserve, Coverage ratio Billion Baht, % 1.08% 1.59% 1.38% 1.39% 1.23% 1.25% 1.29% 153 174 195 228 254 271 287 - 30.0 60.0 90.0 120.0 150.0 180.0 210.0 240.0 270.0 300.0 2018 2019 2020 2021 2022 2023 2024 190.9% 220.2% 186.8% 225.8% 260.8% 314.7% 334.3% 148.8% 149.9% 149.2% 162.6% 171.2% 179.0% 177.1% Prudent reserves built across business cycles Expected credit loss (Provision), Credit cost Billion Baht, % BBL’s loan loss reserves BBL’s coverage ratio System’s coverage ratio /1 Expected credit loss Credit cost Note: Include Permata’s financial performance since May 2020 /1 System refers to all commercial banks in Thailand (source: Bank of Thailand) Effective asset quality management and prudent provision maintaining a strong coverage ratio 80 79 104 101 97 86 86 3.4% 3.4% 3.9% 3.2% 3.1% 2.7% 2.7% 0 50 100 150 200 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 2018 2019 2020 2021 2022 2023 2024 Manageable asset quality NPL amount, NPL ratio Billion Baht, % NPL amount NPL ratio 27
Page 28
52% 53% 57% 60% 63% 62% 61% 48% 47% 43% 40% 37% 38% 39% 2018 2019 2020 2021 2022 2023 2024 Current and saving Fixed % Notes: Include Permata’s financial performance since May 2020 /1 System refers to all commercial banks in Thailand (Source: Bank of Thailand) /2 Since 2020 liquid assets are defined as cash, interbank and money market items, debt securities and marketable equity securities /3 For BBL, LCR is computed as an average ratio of month-end LCR in the quarter. For System, LCR is as of month. Loan-to-deposit ratio Deposit Billion Baht, % of composition -0.5% YTD 32.7% 35.5% 35.3% 38.6% 37.7% 39.5% 39.4% 2018 2019 2020 2021 2022 2023 2024 Liquid assets/2 % of total assets 2,811 89.5% 86.9% 84.3% 82.0% 83.5% 83.9% 85.0% 98.3% 96.3% 92.2% 94.2% 92.0% 91.0% 88.4% 2018 2019 2020 2021 2022 2023 2024 BBLSystem/1 Healthy funding and robust liquidity position 3,157 3,211 3,184 28 3,170 2,3712,326 314% 291% 270% 271% 277% 264% 186% 179% 189% 196% 204% 195% 4Q19 4Q20 4Q21 4Q22 4Q23 2Q24 Liquidity coverage ratio/3 % BBLSystem/1
Page 29
390 407 431 457 471 488 517 36 72 71 103 104 104 103 427 479 502 560 575 2018 2019 2020 2021 2022 2023 2024 16.4% 17.0% 15.7% 16.0% 15.7% 16.1% 17.0% 1.5% 3.0% 2.6% 3.6% 3.4% 3.5% 3.4% 2018 2019 2020 2021 2022 2023 2024 Regulatory capital ratio requirements 4.5% Minimum Common Equity Tier 1 Ratio 8.5% Minimum Total Capital Ratio 2.5% + 1.0% Capital Conservation Buffer and D-SIB Buffer 9.5% Tier 1 Capital Ratio Requirement 12.0% Total Capital Ratio Requirement 6.0% Minimum Tier 1 Ratio 8.0% Common Equity Tier 1 Capital Ratio Requirement Resilient balance sheet strength with strong capital positions Billion Baht Capital baseConsolidated capital ratios % Tier 1 AT 1 Tier 2 Tier 1 AT 1 Tier 2 29 0.8% 0.8% 0.8% 0.8% 18.0% 20.0% 18.3% 19.6% 19.1% 19.6% 20.4% 24 24 24 24 592 Note: Include Permata’s financial performance since May 2020 0.8% 24 620
Page 30
2024 Key highlights Operating environment 2024 BBL’s financial performance 2025 Key focus and target Bangkok Bank 30
Page 31
Key focus and strategy Regionalization Leveraging our network and corporate & international expertise through our connecting ASEAN strategy to help clients in Asia and elsewhere tap into opportunities such as regionalinfrastructure development, supply chain relocation, and Thailand'sEEC Digitalization Strengthening our digital banking capabilities to improve efficiency, develop innovative products, and deliver an enhanced customer experience Urbanization Innovating services to support the evolving lifestyle and wealth needs of individual customers while helping business customers to thrive in the changing urban landscape 31 31
Page 32
Consolidated 2025 Financial target Loan growth 3-4% NPL ratio (gross) ± 3.0% Net interest margin 2.8 - 2.9% Net fee income growth Low single digit Cost to income ratio High-40s% Credit cost 0.9-1.0% 2025 Financial target Note: The above financial targets are based on the Bank’s preliminary estimates that may change due to the operating environm ents and other unforeseen circumstances. 32
Page 33
Appendix 33
Page 34
Dec-21 Dec-22 Dec-23 Sep-24 Dec-24 Growth (%) QoQ YTD Loan 2,588,339 2,682,691 2,671,964 2,638,697 2,693,301 2.1% 0.8% Deposit 3,156,940 3,210,896 3,184,283 3,109,982 3,169,654 1.9% -0.5% LDR 82.0% 83.5% 83.9% 84.8% 85.0% 0.2% 1.1% NPL/1 101,103 97,188 85,955 103,996 85,833 -17.5% -0.1% NPL ratio/1 3.2% 3.1% 2.7% 3.4% 2.7% -0.7% 0.0% Allowance for ECL to NPL/1 225.8% 260.8% 314.7% 266.6% 334.3% 67.7% 19.6% Allowance for ECL to loan 8.8% 9.4% 10.1% 10.5% 10.7% 0.2% 0.6% Liquid assets/2 to total assets 38.6% 37.7% 39.5% 38.9% 39.4% 0.5% -0.1% CASA 59.8% 62.6% 61.7% 61.5% 60.9% -0.6% -0.8% CET1/3 15.2% 14.9% 15.4% 16.6% 16.2% -0.4% 0.8% Tier 1 ratio/3 16.0% 15.7% 16.1% 17.4% 17.0% -0.4% 0.9% CAR/3 19.6% 19.1% 19.6% 20.8% 20.4% -0.4% 0.8% Financial position Million Baht Notes: /1 Including interbank and money market lending /2 Liquid assets consist of cash, interbank and money market items, debt securities and marketable equity securities /3 Based on Basel III standards issued by BOT since January 1, 201334
Page 35
Financial performance – Year Million Baht 2021 2022 2023 2024 Growth (%) YoY Net interest income 82,156 102,223 130,860 133,900 2.3% Net fees income 29,209 27,508 27,234 27,724 1.8% Other operating income 23,176 9,164 9,393 14,187 51.0% Total income 134,541 138,895 167,487 175,811 5.0% Operating expense 67,266 69,019 81,775 84,405 3.2% Expected credit loss 34,134 32,647 33,666 34,838 3.5% Net profit/1 26,507 29,306 41,636 45,211 8.6% EPS (Baht) /1 13.89 15.35 21.81 23.69 8.6% NIM 2.10% 2.42% 3.02% 3.06% 0.04% Net fee income ratio 21.7% 19.8% 16.3% 15.8% -0.5% Cost to income ratio 50.0% 49.7% 48.8% 48.0% -0.8% ROA/1 0.65% 0.67% 0.93% 1.00% 0.07% ROE/1 5.62% 5.86% 8.01% 8.27% 0.26% Note: /1 Attributable to owners of the Bank 35
Page 36
Note: /1 Attributable to owners of the Bank Million Baht 4Q23 3Q24 4Q24 Growth (%) QoQ YoY Net interest income 35,165 33,367 33,977 1.8% -3.4% Net fees and service income 6,768 6,935 7,012 1.1% 3.6% Other operating income 259 5,525 3,792 -31.4% 1,364.1% Total income 42,192 45,827 44,781 -2.3% 6.1% Operating expense 23,621 21,839 23,757 8.8% 0.6% Expected credit loss 7,343 8,197 7,634 -6.9% 4.0% Net profit/1 8,863 12,476 10,404 -16.6% 17.4% EPS (Baht) /1 4.64 6.54 5.45 -16.6% 17.4% NIM 3.19% 3.05% 3.09% 0.04% -0.10% Net fees and service income ratio 16.0% 15.1% 15.7% 0.6% -0.3% Cost to income ratio 56.0% 47.7% 53.1% 5.4% -2.9% ROA/1 0.78% 1.10% 0.92% -0.18% 0.14% ROE/1 6.65% 9.07% 7.50% -1.57% 0.85% Financial performance – 4Q24 36
Page 37
Branch /1 ATM /1 CDM /1 Employee /2 Notes: Consolidated /1 Domestic operation /2 Exclude PT Bank Permata Tbk Network 2024 791 6,946 884 21,135 2023 2021 1,059 8,675 1,185 22,692 2022 -718 -243 -1,398 -168 -13 -27 -17 -244 -44 -694 -32 -377 891 7,957 942 21,294 847 7,263 910 20,917 -317 -26 218 -56 37
Page 38
UK Branch: 1 Number of year: 67 USA Branch: 1 Number of year: 59 Philippines Branch: 1 Number of year: 29 Myanmar Branch: 1 Number of year: 29 Singapore Branch: 1 Number of year: 67 Taiwan Branch: 3 Number of year: 59 Notes: As of December 2024 /1 Wholly-owned subsidiary Source: Bangkok Bank filing Cambodia Branch: 1 Number of year: 10 1 1 China/1 Branch: 5 Number of year: 38 2 2 Hong Kong Branch: 1 Number of year: 70 3 3 Indonesia Branch: 205 Number of year: 56 4 Japan Branch: 2 Number of year: 69 5 5 Laos Branch: 1 Number of year: 31 6 6 Malaysia/1 Branch: 5 Number of year: 65 7 8 8 9 9 10 1111 12 12 13 13 Vietnam Branch: 2 Number of year: 32 14 14 Long-standing international presence in 14 economies 205 branches in Indonesia 10 4 7 38
Page 39
Vision To be a bank which provides quality financial services in line with customers’ requirements, and is well equipped with qualified human resources and world-class technology and working systems, while maintaining its status as a well-established international bank and a leading Asian bank. Sustainability Themes Be Resilient Be Responsible Be Customer Centric Be Caring Be Ethical • Risk and Crisis Management • Sustainable Finance • Inclusive Finance • Social Responsibility and Value Creation • Environmental and Carbon Footprint • Innovation and Digitalization • Customer Relations • Cybersecurity and Data Privacy Protection • Talent Attraction and Development • Employee Welfare and Wellbeing • Corporate Governance • Business Ethics 2023 Sustainability Performance Summary • Maintained the capital adequacy ratio for the Bank’s financial business group at 19.57%. • Incorporated environmental and climate change dimensions into risk management principles and guidelines of the Bank. • Offered Bualuang Green Loans of 720 million Baht and Bualuang Green Solar Energy Loans of 2,000 million Baht. • Acted as the underwriter for environmental conservation bonds (Green Bonds) with the value of 28,366 million Baht. • Installed 6,588 Bualuang ATMs that support a functional mode for visually impaired people across Thailand. • The Bank has been certified to offset all carbon emissions of the Silom Head Office Building (Carbon Neutral), totaling 10,604 tons of carbon dioxide equivalent. • Achieved customer satisfaction score for branch services of 94.79. • Achieved customer satisfaction score for Bualuang Phone of 96.90%. • 100% of employees completed training on cybersecurity (phishing awareness). • 100% of employees completed training on Information Security and Cybersecurity (ISCS). • 55% of all executives are female. • 66.54% of all employees are female. • 47.20% of STEM related positions are held by female. • 37.74 average training hours per employee. • 48.74% of employees completed future skill training courses such as digital technology and leadership development. • Received “Excellent” rating from the Corporate Governance Report of Thai Listed Companies by the Thai Institute of Directors. • 100% of employees training on the Code of Conduct, Anti-corruption, Anti-money Laundering and Counter Terrorism and Proliferation of Weapons of Mass Destruction Financing (AML/CTPF) and Market Conduct. Relevant SDGS One Family, One Team Source: Bangkok Bank Sustainability Report 2023 39
Page 40
This presentation is made by Bangkok Bank and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Bangkok Bank. Although all reasonable effort has been made to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this document is selective in nature and is intended to provide an introduction to, and overview of, the business of Bangkok Bank. Where any information and statistics are quoted from any external source, such inf ormation or statistics should not be interpreted as having been adopted or endorsed by Bangkok bank as being accurate. Neither Bangkok Bank nor any of its directors, officers, employees, and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained herein are as up to date as is reasonably possible and may be subject to revision in the future. Neither Bangkok Bank nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accu racy or completeness of the information contained in this presentation. Neither Bangkok Bank nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this presentation. This presentation may contain projections or other forward-looking statements related to Bangkok Bank that involve risks and uncertainties. Readers are cautioned that these statements are only projections and may differ materially from actual future results or events. All forward -looking statements are based on information available to Bangkok Bank on the date o f its posting and Bangkok Bank assumes no obligation to update such statements unless otherwise required by applicable law. This presentation does not constitute an offer or invitation to subscribe for, or purch ase, any shares of Bangkok Bank. Contact: Investor Relations team Tel (66) 2 626 4981 Email: IR@bangkokbank.com Bangkok Bank website www.bangkokbank.com For further information