KBank Subsidiaries and ASEAN Economic Strategy

k KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Relief Measures to Lessen COVID-19 Impact: Loans by Customers, not Comparable to Loans by Business on Page 13 Relief measures (from government, BOT, and KBank) have been offered to help customers through the COVID-19 pandemic Higher Expected Credit Loss (ECL), based on conservative assumptions related to COVID-19 plus prudent financial policy, pushing Credit Cost higher in 2020. Credit Cost may reach or exceed peak Y2017 level (239bps) ■Credit Cost may remain high for at least three years to be prudent amid high uncertainties Loan Composition (data as of June 2020) Total Loans Bt2.1trn Loans not in Relief Programs Bt1.2trn Loans in Relief Programs Bt828bn Bt828bn Retail Bt82bn Business Bt746bn *Average LTV = 81%; Deposit Growth = 13% YTD Bt746bn* 70% of Bt746bn Or Bt522bn (60% of customers) 30% of Bt746bn Or Bt224bn (40% of customers) Bt224bn Approx. Bt146bn Outlook for Ability to Pay will impact ECL, Credit Cost and Level of NPL Degree of Vulnerability ■ Continue to pay despite Payment Holiday (known locally as Debt Holiday) ■ Likely to pay after relief measures end Likely to pay after relief measures end due to high cash flow to debt ratio ■ Closely monitor Approx. Bt78bn Likely to require further debt restructuring I Key Takeaways ■Customers in relief programs (Bt746bn) have avg. LTV of 81% ■ Higher ECL, based on conservative assumptions related to COVID-19 plus prudent financial policy, pushing Credit Cost higher in 2020 ■Relief measures help limit short-term impact on asset quality ■ Asset quality closely monitored and constantly reviewed during the payment holiday ■ Potentially Vulnerable Group - will lead to additional and higher ECL (net of collateral) but may not all become NPLs ■ As it may take at least three years for the economy to near its pre- COVID-19 potential, Credit Cost may remain high for at least three years to be prudent amid high uncertainties Potentially Vulnerable Group บริการทุกระดับประทับใจ 9 K KASIKORNTHAI KASIKORNBANK Vision and Foundation Vision ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK "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" Guiding Foundation ■ Remain a top tier size with strong brand, distribution, and capital base Acquire enduring customers and ensure excellent customer experience across all segments ■ Be a digital-oriented AEC+3 Bank ■ Be a data-driven bank and ensure data confidentiality ■ Be a cost competitive operator ■ Be a Bank of Sustainability บริการทุกระดับประทับใจ 10 10

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