Currency and Interest Rate Outlook

K KASIKORNTHAI Y2021 Financial Targets Consolidated ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK NIM 2020 Actual 1H21 Actual Y2021 Targets 3.27% 3.20% Note (Y2021) 1H21 NIM declined YoY, mainly due to lower yield on 3.1-3.3% loans from interest rate cut, deterioration of asset quality and loans in relief measures despite lower cost of funds. 4-6% Loan Growth 12.13% YTD 6.17% YTD 12.06% YoY Net Fee Income Growth* -10.17% 6.57% YoY Low single digit growth rate Cost to Income 45.19% 41.54% Ratio** Credit Cost per year (bps) 205 bps 168 bps NPL Ratio (Gross)*** 3.93% 3.95% ROE**** 7.10% 8.87% ROA 0.85% 1.03% Note: * Net Fee Income Mid-40s 1H21 YTD loans grew mainly from COVID-19 relief measures (mainly from SMEs), housing loans, corporate business, and retail lending using data analytics capability. 1H21 net fee income increased YoY mainly from fund management business and brokerage fee. 1H21 cost to income decreased YoY from an increase of net total income while expenses slightly increased; but cost to income will rise seasonally in 2H21. Focus on cost management and productivity improvement, with new investments for future growth. Credit Cost: Maintain conservative assumptions and Up to 160 bps prudent financial policy amid high uncertainties related to COVID-19. Relief measure help limit short-term impact on asset quality; while, asset quality is closely monitored and constantly reviewed. 4.0-4.5% N/A N/A Fees and Service Income - Fees and Service Expense; ** Cost to Income Ratio = Total Other Operating Expenses to Total Operating Income - net (Total Operating income less Underwriting Expenses); *** NPL Ratio (Gross) = NPL (gross) to total loans; NPL (gross) used in the calculation are loans to general customers and loans to financial institutions that are non-performing loans; total loans used in the calculation are loans to general customers and loans to financial institutions **** ROE = Net profit deducted Additional Tier 1 dividend after tax/Average total equity excluded Additional Tier 1 บริการทุกระดับประทับใจ 7 K KASIKORNTHAI KASIKORNBANK Vision, Purpose and Culture Vision Purpose Customer ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK BANK OF SUSTAINABILITY "KASIKORNBANK aims to be the most innovative, proactive, and customer centric financial institution, delivering world class financial services and sustainable value for all stakeholders by harmoniously combining technology and talent" To Empower Every Customer's Life and Business Total Solution Promise K-Culture Attentive & Inclusive Any Time & Any Where Trustworthy A PIONEER FOR THE BETTER, A STEP AHEAD FOREVER Customer at Heart | Agility | Collaboration | Innovativeness บริการทุกระดับประทับใจ 8

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