KASIKORNBANK Strategic Acquisition

K KASIKORNTHAI Relief Measures for COVID-19 Impacts ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Phase 1 Measures - Soft loans worth Bt150 billion MOF Package Size Measures BOT Package Size Bt 400 billion Provide liquidity for bond mutual funds Bt 1.0 triillion - Interest cuts and delayed debt payments (SFIs) - Reducing electricity and water bills Phase 2 - Cash handouts - Emergency loans - Tax benefits Phase 3 - Implementing health-related plans and giving financial aid to affected people Economic and social rehabilitation Bt 120 billion Soft loans and asset warehousing programme Bt 500 billion Bt 1.0 trillion Corporate Bond Liquidity Stabilization Fund (BSF) Bt1.5 trillion or 9.8% of 2020 GDP Note: SFIs Specialized Financial Institutions Source: MOF, BOT and KResearch, as of July 2021 Bt 400 billion Bt1.9 trillion or 12.2% of 2020 GDP บริการทุกระดับประทับใจ K KASIKORNTHAI Relief Measures for COVID-19 Impacts ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Measures from Government, BOT, and SEC for Businesses and Individuals Market Stability and Liquidity (Government, BOT, and SEC) For Businesses ■ Financial Markets: BOT, MOF, & SEC o Bt1trn Fixed Income Fund: BOT set up a special facility to provide liquidity for mutual funds. Commercial banks purchasing investment units can use the eligible underlying unit trust as collateral for liquidity support from the facility • Bond Markets: BOT will purchase bonds to provide liquidity and lessen volatility in the bond market ■ Corporate Bond Stabilization Fund (BSF): BOT • Bt400bn in bridge financing to high-quality firms with bonds maturing during 2020-2021 at higher-than- market 'penalty' rates. (Issuers must raise majority of funding through other means such as bank loans or capital increase) ■ Reduce FIDF Fee: BOT • FIDF fee cut from 0.46% of deposit base to 0.23% to 2022, supporting lower reference lending rates ■ Tax Relief: Government • Deduct 3 times for salary costs for SMEs that retain their employees • Speed up VAT refunds to exporters of domestic goods to 15 days (online) or 45 days (filing manually) Soft Loans (Government and BOT) For Businesses (Bt680bn) ■ Soft Loans for SMEs: Government and BOT • Gov't: Bt150bn worth of soft loans for SMEs, via GSB, at 2% for 2 years 。 BOT: Bt150bn worth of soft loans for SMEs with credit lines not over Bt500mn (old customers), at 2% for 2 years and 6-months interest free* : Bt250bn worth of soft loans for SME with credit lines not over Bt500mm (old customers) or Bt20mn (new customers) for 5 years with interest not over 5% (0% for the first 6 months and 2% for 2 years) : Bt100bn asset warehousing programme ■ Soft Loans for Entrepreneurs Registered with the Social Security Office: Government o Bt30bn worth of soft loans at 3% for 3 years For Individuals (Bt80bn) ■ Soft Loans for Individuals: Government o Bt40bn worth of soft loans at Bt10,000 per person at 0.1% (no collateral) via GSB & BAAC (Year 2020) o Bt20bn worth of soft loans at Bt10,000 per person at 0.35% (no collateral) via GSB & BAAC (Year 2021) o Bt20bn worth of soft loans at Bt50,000 per person at 0.35% (with collateral) via BAAC (Year 2020) For Individuals ■ Household: Others (Government) o Reduce water and electricity bills for March - May 2020, February - March 2021, May-June 2021, July- August 2021, and refund meter fees o Help water and electricity bills for state welfare cardholders (October 2021 - September 2022) ■ Work Force: o 3-month payment of 62% of wages for 2020 and 50% of wages for 2021 to people under SSF, if their employer closed their business or if the government ordered business operations suspended o Reduce SSF contribution in 2021 and 2022 o 3-month Bt5,000 monthly payments to workers not covered by the SSF in 2020 o Give Bt9,000 (Bt7,000 and Bt2,000) for February - June 2021 to workers not covered by SSF o Give Bt6,000 (B4,000 and Bt2,000) for March - June 2021 to workers covered by SSF (Section 33, We Love Each Other program) o Give Bt5,000 to night workers (December 2021) ■ Economy and Health: o Tax exemption on risk payments for medical workers o Bt80-100bn from ministries to use as stimulus funds ■ B500bn borrowing decree in 2021: o Bt30bn for health-related plans 。 Bt300bn for relief measures, including workforce o Bt170bn for economic recovery plans Notes: BOT = Bank of Thailand; SSF=Social Security Fund; GSB = Government Saving Bank; BAAC = Bank for Agriculture and Agricultural Cooperatives; SFIS = Specialized Financial Institutions The BOT provides soft loans at 0.01% to banks to lend to SMEs; amount to not be over 20% of each SME's outstanding loans; government pays for first 6-months interest; in case of NPLs, the government will support 60-70% of additional reserves for loans - On October 16, 2020, the BOT extended the registration period for another six months and also allowed banks to provide soft loans to the listed companies in the Market for Alternative Investment (MAI) Source: MOF, BOT and KResearch บริการทุกระดับประทับใจ 141 142

View entire presentation