KASIKORNBANK PUBLIC COMPANY LIMITED and Its Subsidiaries

KASIKORNBANK PUBLIC COMPANY LIMITED and Its Subsidiaries Interim financial statements For the three-month period ended 31 March 2016 and Independent Auditor s Report On Review of Interim Financial Information

Independent Auditor s Report on Review of Interim Financial Information To the Board of Directors of KASIKORNBANK PUBLIC COMPANY LIMITED I have reviewed the accompanying consolidated and the Bank-only statements of financial position of KASIKORNBANK PUBLIC COMPANY LIMITED and its subsidiaries, and of KASIKORNBANK PUBLIC COMPANY LIMITED, respectively, as at 31 March 2016; the consolidated and the Bank-only statements of profit or loss and other comprehensive income for the three-month period ended 31 March 2016, changes in equity and cash flows for the three-month period ended 31 March 2016; and condensed notes ( interim financial information ). s management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 34, Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review. Scope of Review I conducted my review in accordance with the Thai Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Thai Standards on Auditing and consequently does not enable me to obtain assurance that I would become aware of all significant matters that might be identified in an audit. Accordingly, I do not express an audit opinion.

Conclusion Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34, Interim Financial Reporting. (Charoen Phosamritlert) Certified Public Accountant Registration No. 4068 KPMG Phoomchai Audit Ltd. Bangkok 10 May 2016 2

STATEMENTS OF FINANCIAL POSITION ASSETS Note 31 March 2016 (Unaudited) Thousand Baht 31 December 2015 31 March 2016 (Unaudited) 31 December 2015 Cash 45,579,375 56,226,230 45,511,133 56,203,527 Interbank and money market items - net 402,744,003 308,744,496 392,703,784 298,523,171 Claims on security 1,072 1,288 - - Derivative assets 30,737,089 31,830,604 31,090,030 32,513,462 Investments - net 6 482,343,682 477,200,035 201,765,788 213,198,650 Investments in subsidiaries and associates - net 7 690,233 662,368 14,405,021 14,475,750 Loans to customers and accrued interest receivables - net 8, 9 Loans to customers 1,623,036,872 1,619,526,585 1,590,715,849 1,588,064,981 Accrued interest receivables 3,134,859 3,088,273 2,733,726 2,706,922 Total Loans to customers and accrued interest receivables 1,626,171,731 1,622,614,858 1,593,449,575 1,590,771,903 Less Deferred revenue (9,459,460) (9,639,590) (264,244) (293,927) Less Allowance for doubtful accounts 10 (68,199,942) (60,901,538) (66,188,696) (59,135,674) Less Revaluation allowance for debt restructuring 11 (3,318,994) (3,415,769) (3,318,981) (3,415,756) Total Loans to customers and accrued interest receivables - net 1,545,193,335 1,548,657,961 1,523,677,654 1,527,926,546 Customers' liability under acceptances 221,218 130,862 221,218 130,862 Properties foreclosed - net 14,754,541 14,196,584 14,414,432 13,865,038 Premises and equipment - net 13 50,022,717 45,284,434 41,605,589 36,850,925 Goodwill and other intangible assets - net 23,856,143 24,234,227 19,159,136 19,538,162 Deferred tax assets 14 4,308,436 5,584,612 3,503,842 4,614,921 Collateral per credit support annex 10,587,793 13,861,552 10,587,793 13,861,552 Other assets - net 32,668,980 28,690,119 15,238,594 16,564,302 Total Assets 2,643,708,617 2,555,305,372 2,313,884,014 2,248,266,868 The accompanying notes are an integral part of these interim financial statements. 3

STATEMENTS OF FINANCIAL POSITION LIABILITIES AND EQUITY Note 31 March 2016 (Unaudited) Thousand Baht 31 December 2015 31 March 2016 (Unaudited) 31 December 2015 Deposits 1,747,634,428 1,705,379,017 1,750,401,986 1,708,593,777 Interbank and money market items 76,070,191 71,465,737 89,497,312 81,844,870 Liabilities payable on demand 27,440,298 23,545,166 27,439,598 23,544,465 Liabilities to deliver security 73,812 121,282 - - Financial liabilities designated at fair value through profit or loss 21,446 38,890 21,446 38,890 Derivative liabilities 33,243,461 33,570,889 32,067,624 31,703,137 Debts issued and borrowings 89,675,851 85,577,772 89,441,245 85,382,126 Bank's liability under acceptances 221,218 130,862 221,218 130,862 Provisions 15 24,086,056 21,586,936 23,188,341 20,767,651 Deferred tax liabilities 14 1,899,734 1,907,000 - - Insurance contract liabilities 16 267,628,659 251,447,597 - - Other liabilities 57,314,331 48,321,275 35,333,995 32,307,029 Total Liabilities 2,325,309,485 2,243,092,423 2,047,612,765 1,984,312,807 Equity Share capital 17 Authorized share capital 3,048,614,697 common shares, Baht 10 par value 30,486,147 30,486,147 30,486,147 30,486,147 Issued and paid-up share capital 2,393,260,193 common shares, Baht 10 par value 23,932,602 23,932,602 23,932,602 23,932,602 Premium on common shares 18,103,110 18,103,110 18,103,110 18,103,110 Other reserves 19,273,102 14,843,155 16,760,584 12,924,550 Retained earnings Appropriated Legal reserve 3,050,000 3,050,000 3,050,000 3,050,000 Unappropriated 225,361,186 225,870,851 204,424,953 205,943,799 Total Equity attributable to equity holders of the Bank 289,720,000 285,799,718 266,271,249 263,954,061 Non-controlling interests 28,679,132 26,413,231 - - Total Equity 318,399,132 312,212,949 266,271,249 263,954,061 Total Liabilities and Equity 2,643,708,617 2,555,305,372 2,313,884,014 2,248,266,868 (Mr. Banthoon Lamsam) Chairman of the Board and Chief Executive Officer (Ms. Kattiya Indaravijaya) President The accompanying notes are an integral part of these interim financial statements. 4

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) Thousand Baht For the three-month period ended 31 March For the three-month period ended 31 March Note 2016 2015 2016 2015 Interest income 23 28,786,621 28,530,639 25,193,002 25,511,804 Interest expenses 24 6,587,047 7,555,671 6,575,937 7,534,210 Interest income - net 22,199,574 20,974,968 18,617,065 17,977,594 Fees and service income 12,087,342 11,272,518 12,404,552 11,357,413 Fees and service expenses 2,366,426 2,239,891 2,358,545 2,217,467 Fees and service income - net 9,720,916 9,032,627 10,046,007 9,139,946 Gain on trading and foreign exchange transactions 2,128,579 2,187,289 2,130,470 2,191,490 Loss on financial liabilities designated at fair value through profit or loss (380) (282) (380) (282) Gain on investments 25 926,342 286,915 963,171 63,881 Share of profit from investments using equity method 32,391 26,703 - - Dividend income 434,630 433,011 742,508 373,743 Net premiums earned 26,225,806 22,822,829 - - Other operating income 897,995 347,426 1,990,521 1,207,775 Total operating income 62,565,853 56,111,486 34,489,362 30,954,147 Underwriting expenses 22,814,379 19,852,182 - - Total operating income - net 39,751,474 36,259,304 34,489,362 30,954,147 Other operating expenses Employee's expenses 7,457,659 7,141,472 5,598,596 5,443,211 Directors' remuneration 17,538 15,526 10,443 8,781 Premises and equipment expenses 2,759,950 3,185,819 2,817,695 3,121,634 Taxes and duties 1,102,699 1,049,996 993,653 963,916 Others 3,455,596 4,024,011 3,432,283 4,017,780 Total other operating expenses 14,793,442 15,416,824 12,852,670 13,555,322 Impairment loss on loans and debt securities 11,293,287 4,006,724 11,078,325 3,807,837 Operating profit before income tax expense 13,664,745 16,835,756 10,558,367 13,590,988 Income tax expense 2,716,515 3,320,877 1,945,066 2,640,799 Net profit 10,948,230 13,514,879 8,613,301 10,950,189 Other comprehensive income Items that will be reclassified subsequently to profit or loss Gain on remeasurement of available-for-sale investments 2,277,794 190,760 329,544 15,348 Loss arising from translating the financial statements of a foreign operation 26 (112,412) (70,345) (115,781) (55,565) Income taxes relating to components of other comprehensive income (457,207) (14,560) (67,218) (2,034) Items that will not be reclassified subsequently to profit or loss Changes in revaluation surplus 13 4,660,080-4,660,080 - Actuarial losses on defined benefit plans 15 (2,250,000) (66,755) (2,250,000) - Share of other comprehensive income of associates - (398) - - Income taxes relating to components of other comprehensive income (482,016) (13,431) (482,016) - Total other comprehensive income 3,636,239 25,271 2,074,609 (42,251) Total comprehensive income 14,584,469 13,540,150 10,687,910 10,907,938 Net profit attributable to : Equity holders of the Bank 9,646,092 12,401,332 8,613,301 10,950,189 Non-controlling interests 1,302,138 1,113,547 - - Total comprehensive income attributable to : Equity holders of the Bank 12,314,845 12,377,345 10,687,910 10,907,938 Non-controlling interests 2,269,624 1,162,805 - - Earnings per share of equity holders of the Bank Basic earnings per share (Baht) 17 4.03 5.18 3.60 4.58 Weighted average number of common shares (Thousand shares) 2,393,260 2,393,260 2,393,260 2,393,260 (Mr. Banthoon Lamsam) Chairman of the Board and Chief Executive Officer (Ms. Kattiya Indaravijaya) President The accompanying notes are an integral part of these interim financial statements. 5

STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) Thousand Baht Note Equity holders of the Bank Non-controlling Total Issued and Premium on Other reserves Retained Earnings Total equity Interests Paid-up Share Share Capital Appraisal Revaluation Foreign Total Appropriated Unappropriated attributable to equity Capital Surplus on Surplus on Currency other Legal Reserve holders of the Bank Asset Revaluation Available-for-sale Translation reserves Investments (Note 26) Three-month period ended 31 March 2015 Balance at 1 January 2015 23,932,602 18,103,110 9,777,987 5,813,751 231,367 15,823,105 3,050,000 196,150,422 257,059,239 23,626,615 280,685,854 Net profit - - - - - - - 12,401,332 12,401,332 1,113,547 13,514,879 Other comprehensive income - - - 67,020 (69,310) (2,290) - (21,697) (23,987) 49,258 25,271 Total comprehensive income - - - 67,020 (69,310) (2,290) - 12,379,635 12,377,345 1,162,805 13,540,150 Transferred to retained earnings - - (28,109) - - (28,109) - 28,109 - - - Others - - - - - - - 249 249-249 Balance at 31 March 2015 23,932,602 18,103,110 9,749,878 5,880,771 162,057 15,792,706 3,050,000 208,558,415 269,436,833 24,789,420 294,226,253 Three-month period ended 31 March 2016 Balance at 1 January 2016 23,932,602 18,103,110 9,663,990 5,233,877 (54,712) 14,843,155 3,050,000 225,870,851 285,799,718 26,413,231 312,212,949 Dividend paid 18 - - - - - - - (8,376,411) (8,376,411) - (8,376,411) Net profit - - - - - - - 9,646,092 9,646,092 1,302,138 10,948,230 Other comprehensive income - - 3,728,064 854,411 (113,722) 4,468,753 - (1,800,000) 2,668,753 967,486 3,636,239 Total comprehensive income - - 3,728,064 854,411 (113,722) 4,468,753-7,846,092 12,314,845 2,269,624 14,584,469 Transferred to retained earnings - - (38,806) - - (38,806) - 38,806 - - - Others - - - - - - - (18,152) (18,152) (3,723) (21,875) Balance at 31 March 2016 23,932,602 18,103,110 13,353,248 6,088,288 (168,434) 19,273,102 3,050,000 225,361,186 289,720,000 28,679,132 318,399,132 The accompanying notes are an integral part of these interim financial statements. 6

STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) Note Thousand Baht Equity holders of the Bank Issued and Premium on Other reserves Retained Earnings Total Paid-up Share Share Capital Appraisal Revaluation Foreign Total Appropriated Unappropriated Capital Surplus on Surplus on Currency other Legal Reserve Asset Revaluation Available-for-sale Translation reserves Investments (Note 26) Three-month period ended 31 March 2015 Balance at 1 January 2015 23,932,602 18,103,110 9,193,899 3,712,528 228,908 13,135,335 3,050,000 181,221,507 239,442,554 Net profit - - - - - - - 10,950,189 10,950,189 Other comprehensive income - - - 12,278 (54,529) (42,251) - - (42,251) Total comprehensive income - - - 12,278 (54,529) (42,251) - 10,950,189 10,907,938 Transferred to retained earnings - - (27,877) - - (27,877) - 27,877 - Balance at 31 March 2015 23,932,602 18,103,110 9,166,022 3,724,806 174,379 13,065,207 3,050,000 192,199,573 250,350,492 Three-month period ended 31 March 2016 Balance at 1 January 2016 23,932,602 18,103,110 9,080,843 3,874,271 (30,564) 12,924,550 3,050,000 205,943,799 263,954,061 Dividend paid 18 - - - - - - - (8,376,411) (8,376,411) Net profit - - - - - - - 8,613,301 8,613,301 Other comprehensive income - - 3,728,064 263,635 (117,090) 3,874,609 - (1,800,000) 2,074,609 Total comprehensive income - - 3,728,064 263,635 (117,090) 3,874,609-6,813,301 10,687,910 Transferred to retained earnings - - (38,575) - - (38,575) - 38,575 - Others - - - - - - - 5,689 5,689 Balance at 31 March 2016 23,932,602 18,103,110 12,770,332 4,137,906 (147,654) 16,760,584 3,050,000 204,424,953 266,271,249 (Mr. Banthoon Lamsam) Chairman of the Board and Chief Executive Officer (Ms. Kattiya Indaravijaya) President The accompanying notes are an integral part of these interim financial statements. 7

STATEMENTS OF CASH FLOWS (UNAUDITED) Thousand Baht For the three-month period ended 31 March For the three-month period ended 31 March Note 2016 2015 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES Operating profit before income tax expense 13,664,745 16,835,756 10,558,367 13,590,988 Add (Less) Adjustments to reconcile operating profit before income tax expense to net cash from operating activities Depreciation and amortisation 1,884,082 1,583,274 1,712,895 1,431,700 Bad debt and doubtful accounts 10,618,934 3,899,136 10,321,476 3,683,599 Loss on debt restructuring 870,763 209,612 870,763 209,612 Interest income from amortisation of revaluation allowance for debt restructuring (286,569) (111,943) (286,569) (111,943) Loss (Gain) on foreign exchange translation of long-term borrowings 19,155 (437) 19,155 (437) Gain on revaluation of trading investments (81,410) (15,465) (74,751) (22,860) Reversal of loss on impairment of investments (59,484) - (171,719) - Gain on disposal of investments securities (926,053) (286,780) (762,750) (63,881) Gain on liquidation of subsidiaries - - (28,703) - Gain on disposal of investments in associated company (288) (134) - - (Reversal) Loss on impairment of properties foreclosed (1,227) 34,955-31,638 Provision for other assets 80,242 565,053 80,242 565,053 Loss (Gain) on disposal of premises and equipment 557 (494) (175) (1,107) Loss on write off of premises and equipment 1,281 474 1,281 26 Loss on write off of other assets 1,112 13,176 1,112 12,749 Reversal of loss on revaluation of premises (109,729) - (109,729) - Share of profit from investments using equity method (32,391) (26,703) - - 25,643,720 22,699,480 22,130,895 19,325,137 Interest income - net (22,199,574) (20,974,968) (18,617,065) (17,977,594) Dividend income (434,630) (433,011) (742,508) (373,743) Proceeds from interest 28,095,399 28,442,989 25,468,681 26,388,026 Interest paid (7,487,847) (8,179,058) (7,444,039) (8,137,171) Proceeds from dividends 196,587 190,165 718,456 348,946 Income tax paid (348,389) (322,627) (238,324) (215,283) Profit from operating before changes in operating assets and liabilities 23,465,266 21,422,970 21,276,096 19,358,318 (Increase) Decrease in operating assets Interbank and money market items (assets) (96,223,048) (92,671,198) (96,341,633) (85,726,253) Investments held for trading (17,311,261) (1,490,834) (17,056,238) (1,541,401) Loans to customers (9,173,069) (24,136,148) (7,850,739) (22,793,605) Properties foreclosed 693,202 801,477 587,981 717,025 Other assets 1,154,531 657,054 5,457,011 1,737,102 The accompanying notes are an integral part of these interim financial statements. 8

STATEMENTS OF CASH FLOWS (UNAUDITED) Thousand Baht For the three-month period ended 31 March For the three-month period ended 31 March Note 2016 2015 2016 2015 Increase (Decrease) in operating liabilities Deposits 42,353,461 23,689,696 41,884,215 23,341,615 Interbank and money market items (liabilities) 5,631,424 36,088,716 8,675,280 29,962,042 Liabilities payable on demand 3,895,132 3,010,995 3,895,133 3,010,987 Financial liabilities designated at fair value through profit or loss (17,444) 290,472 (17,444) 290,472 Short-term debts issued and borrowings 5,000,375 (2,089,599) 4,961,415 (2,067,420) Other accrued expenses (4,488,334) (4,428,540) (3,766,587) (3,517,617) Provisions 249,125 397,335 170,695 370,086 Other liabilities 28,367,892 14,021,886 7,118,263 (1,301,324) Net cash used in operating activities (16,402,748) (24,435,718) (31,006,552) (38,159,973) CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from disposal of available-for-sale investments 55,612,274 66,576,581 51,237,382 64,453,234 Proceeds from redemption of held-to-maturity debt instruments 15,673,502 18,547,927 14,164,582 5,198,552 Proceeds from disposal of general investments 961,568 97,843 959,466 93,405 Proceeds from capital decrease in subsidiary - - 190,000 200,000 Proceeds from liquidation of subsidiaries - - 4,530,660 - Proceeds from disposal of investments in associated company 1,088 934 - - Purchase of available-for-sale investments (35,174,433) 433) (50,497,239) (31,495,411) 411) (46,436,528) 436 Purchase of held-to-maturity debt instruments (21,380,632) (24,646,694) (5,000,000) - Purchase of investments in subsidiary - - (4,498,272) - Proceeds from disposal of premises and equipment 6,618 1,541 219 1,909 Purchase of premises and equipment (1,132,080) (1,253,661) (993,616) (1,046,753) Purchase of leasehold (612) (171,787) (643) (137,580) Purchase of intangible assets (429,816) (745,826) (396,479) (694,805) Net cash provided by investing activities 14,137,477 7,909,619 28,697,888 21,631,434 CASH FLOWS FROM FINANCING ACTIVITIES Decrease in long-term debts issued and borrowings (7,318) (12,786) (7,318) (12,786) Dividend paid to shareholders 18 (8,376,411) - (8,376,411) - Net cash used in financing activities (8,383,729) (12,786) (8,383,729) (12,786) Effect of exchange rate changes on balances held in foreign currencies 2,145 1 (1) 1 Net decrease in cash (10,646,855) (16,538,884) (10,692,394) (16,541,324) Cash at the beginning of the period 5 56,226,230 58,005,650 56,203,527 57,997,253 Cash at the end of the period 5 45,579,375 41,466,766 45,511,133 41,455,929 (Mr. Banthoon Lamsam) Chairman of the Board and Chief Executive Officer (Ms. Kattiya Indaravijaya) President The accompanying notes are an integral part of these interim financial statements. 9

Note Contents Page 1 General information 11 2 Basis of preparation of the interim financial statements 11 3 Significant accounting policies 12 4 Capital requirements 13 5 Supplementary information of cash flows 15 6 Investments - net 16 7 Investments in subsidiaries and associated companies - net 22 8 Loans to customers and accrued interest receivables - net 24 9 Troubled debt restructuring 29 10 Allowance for doubtful accounts 33 11 Revaluation allowance for debt restructuring 34 12 Classified assets 35 13 Premises and equipment net 36 14 Deferred tax assets and deferred tax liabilities 37 15 Employee retirement benefits 37 16 Insurance contract liabilities 37 17 Share capital and earnings per share 38 18 Dividend payments 38 19 Assets pledged as collateral 38 20 Contingent liabilities and commitments 39 21 Related party transactions and balances 40 22 Segment information 43 23 Interest income 46 24 Interest expenses 46 25 Gain on investments 47 26 Gain (loss) arising from translating the financial statements of a foreign operation 48 27 Fair value of assets and liabilities 49 10

These notes form an integral part of the interim financial statements. The interim financial statements issued for Thai statutory and regulatory reporting purposes are prepared in the Thai language. These English language interim financial statements have been prepared from the Thai language statutory interim financial statements, and were approved and authorised for issue by the Audit Committee on 10 May 2016. 1 GENERAL INFORMATION KASIKORNBANK PUBLIC COMPANY LIMITED, ( the Bank ), is a registered public company located in the Kingdom of Thailand and listed on the Stock Exchange of Thailand on 9 February 1976. The registered office of the Bank is at 1 Soi Rat Burana 27/1, Rat Burana Road, Rat Burana Sub-District, Rat Burana District, Bangkok. The principal activity of the Bank is commercial banking and the Bank conducts its businesses through a network of branches covering all parts of Thailand and certain major cities overseas. Details of the Company s subsidiaries and associated companies as at 31 March 2016 and 31 December 2015 are given in note 7 to the interim financial statements. 2 BASIS OF PREPARATION OF THE INTERIM FINANCIAL STATEMENTS a) Statement of compliance The interim financial statements are prepared on a condensed basis in accordance with Thai Accounting Standard (TAS) No.34 (revised 2015) Interim Financial Reporting, guidelines promulgated by the Federation of Accounting Professions ( FAP ), applicable rules and regulations of the Securities and Exchange Commission ( SEC ), and the Stock Exchange of Thailand ( SET ), and with the Bank of Thailand ( BoT ) notification number SOR NOR SOR 21/2558, directive dated 4 December 2015, regarding the Preparation and announcement of the financial statements of commercial banks and holding companies which are a parent company of a group of companies offering financial services, and other supplementary BoT notifications. The interim financial statements are prepared to provide an update on the financial statements for the year ended 31 December 2015. They do not include all of the financial information required for full annual financial statements but focus on new activities, events and circumstances to avoid repetition of information previously reported. Accordingly, these interim financial statements should be read in conjunction with the financial statements of the Bank and its subsidiaries for the year ended 31 December 2015. and its subsidiaries have adopted all the new and revised TFRS that are effective for annual periods beginning on or after 1 January 2016. The adoption of these new and revised TFRS did not have an impact on the accounting policies, methods of computation, financial position or performance of the Bank and its subsidiaries. 11

b) Functional and presentation currencies The interim financial statements are prepared and presented in Thai Baht, which is the Bank s functional currency. All financial information is presented in Thai Baht and has been rounded in the interim financial statements to the nearest thousand and in the notes to the interim financial statements to the nearest million unless otherwise stated. c) Use of estimates and judgements The preparation of interim financial statements in conformity with TFRS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which estimates are revised and in any future period affected. In preparing these interim financial statements, the significant judgments made by management in applying the Bank and its subsidiaries accounting policies and the key sources of estimation uncertainty were the same as those applied to the financial statements for the year ended 31 December 2015. d) Basis of consolidation The consolidated financial statements relate to the Bank and its subsidiaries and the Bank s interests in associates. Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with associates are eliminated against the investment to the extent of the Bank and its subsidiaries interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment. The consolidated and the Bank only financial statements include the accounts of all branches; domestic and outside Thailand. Interbranch transactions have been eliminated. 3 SIGNIFICANT ACCOUNTING POLICIES Accounting policies and methods of computation applied by the Bank and its subsidiaries in the interim financial statements for the three-month period ended 31 March 2016 are consistent with those applied in the financial statements for the year ended 31 December 2015. 12

4 CAPITAL REQUIREMENTS The ratios of capital to assets (Capital Adequacy Ratio) of KASIKORNBANK FINANCIAL CONGLOMERATE and as of 31 March 2016 and 31 December 2015 are set out below. has chosen to adopt the Standardized Approach in accordance with Bank of Thailand ( BoT ) requirements, which is in line with the requirements of Basel III. KASIKORNBANK FINANCIAL CONGLOMERATE 31 March 2016 31 December 2015 Tier 1 Capital Common Equity Tier 1 (CET1) Issued and paid-up share capital, premium on common shares 42,036 42,036 Legal reserves 3,050 3,050 Net profit after appropriation 217,494 210,493 Other comprehensive income 15,307 14,642 Less Capital deduction items on CET1 (21,238) (18,555) Total Tier 1 Capital Base 256,649 251,666 Tier 2 Capital Subordinated debentures 42,500 42,500 General Provision 19,030 19,166 Less Capital deduction items on Tier 2 (1,569) (1,480) Total Tier 2 Capital Base 59,961 60,186 Total Capital Base 316,610 311,852 Total Risk-Weighted Assets 1,724,583 1,732,067 13

Capital Adequacy Ratio KASIKORNBANK FINANCIAL CONGLOMERATE BoT regulatory minimum requirement and conservation buffer* 31 March 2016 (Percentage) BoT regulatory minimum requirement 31 December 2015 Tier 1 Capital ratio 6.625 14.88 6.00 14.53 Common Equity Tier 1 ratio 5.125 14.88 4.50 14.53 Tier 2 Capital ratio - 3.48-3.47 Capital adequacy ratio 9.125 18.36 8.50 18.00 * Conservation buffer requires additional Common Equity Tier 1 of 0.625% per annum from 1 January 2016 onwards until reaching 2.50% in 2019. 31 March 2016 31 December 2015 Tier 1 Capital Common Equity Tier 1 (CET1) Issued and paid-up share capital, premium on common shares 42,036 42,036 Legal reserves 3,050 3,050 Net profit after appropriation 197,567 193,145 Other comprehensive income 12,991 12,892 Less Capital deduction items on CET1 (18,823) (16,416) Total Tier 1 Capital Base 236,821 234,707 Tier 2 Capital Subordinated debentures 42,500 42,500 General Provision 18,741 18,919 Total Tier 2 Capital Base 61,241 61,419 Total Capital Base 298,062 296,126 Total Risk-Weighted Assets 1,691,427 1,702,380 14

(Percentage) Capital Adequacy Ratio BoT regulatory minimum requirement BoT regulatory minimum and conservation buffer* 31 March 2016 requirement 31 December 2015 Tier 1 Capital ratio 6.625 14.00 6.00 13.79 Common Equity Tier 1 ratio 5.125 14.00 4.50 13.79 Tier 2 Capital ratio - 3.62-3.60 Capital adequacy ratio 9.125 17.62 8.50 17.39 * Conservation buffer requires additional Common Equity Tier 1 of 0.625% per annum from 1 January 2016 onwards until reaching 2.50% in 2019. As at 31 March 2016 and 31 December 2015, the Bank and KASIKORNBANK FINANCIAL CONGLOMERATE have no add-on arising from Single Lending Limit. 5 SUPPLEMENTARY INFORMATION OF CASH FLOWS Significant non-cash items for the three-month period ended 31 March 2016 and 2015 are as follows: 2016 2015 2016 2015 Revaluation surplus on available-for-sale investments* 854 67 264 12 Appraised surplus on asset revaluation* 3,728-3,728 - The realised portion of the appraised surplus on asset revaluation* (39) (28) (39) (28) Foreign currency translation* (114) (69) (117) (55) Actuarial loss on defined benefit plans* (1,800) (56) (1,800) - Foreclosed properties arising from auction and debt settlement 1,250 596 1,137 529 * net of deferred tax 15

6 INVESTMENTS - NET 6.1 Type of investments Investments consisted of: 31 March 2016 31 December 2015 31 March 2016 31 December 2015 Fair Value Fair Value Fair Value Fair Value 1. Trading investments 1.1 Government and state enterprise securities 25,747 8,607 25,785 8,607 1.2 Private enterprise debt instruments 2,503 2,544 2,503 2,544 1.3 Marketable equity securities - domestic 876 572 87 83 Total 29,126 11,723 28,375 11,234 2. Available-for-sale investments 2.1 Government and state enterprise securities 111,848 147,581 108,861 145,675 2.2 Private enterprise debt instruments 2,133 2,742 1,369 1,986 2.3 Foreign debt instruments 47,039 28,975 32,626 14,497 2.4 Marketable equity securities - domestic 26,086 25,096 2,411 2,136 2.5 Marketable equity securities - overseas 10,530 10,971 3,512 3,684 Total 197,636 215,365 148,779 167,978 16

31 March 31 December 2016 2015 Cost Value/ Cost Value/ Amortised Cost Amortised Cost Value Value 31 March 31 December 2016 2015 Cost Value/ Cost Value/ Amortised Cost Amortised Cost Value Value 3. Held-to-maturity debt instruments 3.1 Government and state enterprise securities 185,383 174,370 21,813 30,954 3.2 Private enterprise debt instruments 51,015 58,130 453 453 3.3 Foreign debt instruments 16,744 15,000 - - 3.4 Investments in receivables 1,290 1,304 1,285 1,300 Total 254,432 248,804 23,551 32,707 Less Allowance for impairment (473) (532) (453) (453) Total 253,959 248,272 23,098 32,254 4. General investments 4.1 Non-marketable equity securities - domestic 1,335 1,552 1,097 1,316 4.2 Non-marketable equity securities - overseas 510 510 510 510 Total 1,845 2,062 1,607 1,826 Less Allowance for impairment (222) (222) (93) (93) Total 1,623 1,840 1,514 1,733 Total Investments - net 482,344 477,200 201,766 213,199 17

6.2 Maturity for debt instruments The contractual maturity for debt instruments not held for trading is as follows: 31 March 2016 31 December 2015 Maturity Maturity Over Over 1 year 1 year to 5 years Over 5 years Total 1 year 1 year to 5 years Over 5 years Total 1. Available-for-sale investments 1.1 Government and state enterprise securities 95,425 10,941 4,841 111,207 121,534 20,782 4,991 147,307 1.2 Private enterprise debt instruments 933 474 765 2,172 1,047 973 784 2,804 1.3 Foreign debt instruments 34,215 1,819 10,358 46,392 16,111 1,858 10,610 28,579 Total 130,573 13,234 15,964 159,771 138,692 23,613 16,385 178,690 Add Allowance for revaluation 157 164 974 1,295 165 159 330 654 Less Allowance for impairment - - (46) (46) - - (46) (46) Total 130,730 13,398 16,892 161,020 138,857 23,772 16,669 179,298 2. Held-to-maturity debt instruments 2.1 Government and state enterprise securities 2,168 28,058 155,157 185,383 9,329 28,773 136,268 174,370 2.2 Private enterprise debt instruments 2,080 8,291 40,644 51,015 2,311 7,747 48,072 58,130 2.3 Foreign debt instruments 305 322 16,117 16,744 110 526 14,364 15,000 2.4 Investments in receivables 128 556 606 1,290 124 543 637 1,304 Total 4,681 37,227 212,524 254,432 11,874 37,589 199,341 248,804 Less Allowance for impairment (5) - (468) (473) (5) - (527) (532) Total 4,676 37,227 212,056 253,959 11,869 37,589 198,814 248,272 Total Debt Instruments 135,406 50,625 228,948 414,979 150,726 61,361 215,483 427,570 18

31 March 2016 31 December 2015 Maturity Maturity Over Over 1 year 1 year to 5 years Over 5 years Total 1 year 1 year to 5 years Over 5 years Total 1. Available-for-sale investments 1.1 Government and state enterprise securities 94,325 10,803 3,439 108,567 121,403 20,629 3,593 145,625 1.2 Private enterprise debt instruments 933 420 46 1,399 1,046 920 46 2,012 1.3 Foreign debt instruments 32,637 - - 32,637 14,495 - - 14,495 Total 127,895 11,223 3,485 142,603 136,944 21,549 3,639 162,132 Add (Less) Allowance for revaluation 133 39 127 299 134 60 (122) 72 Less Allowance for impairment - - (46) (46) - - (46) (46) Total 128,028 11,262 3,566 142,856 137,078 21,609 3,471 162,158 2. Held-to-maturity debt instruments 2.1 Government and state enterprise securities 203 20,006 1,604 21,813 9,140 20,210 1,604 30,954 2.2 Private enterprise debt instruments - - 453 453 - - 453 453 2.3 Investments in receivables 123 556 606 1,285 120 543 637 1,300 Total 326 20,562 2,663 23,551 9,260 20,753 2,694 32,707 Less Allowance for impairment - - (453) (453) - - (453) (453) Total 326 20,562 2,210 23,098 9,260 20,753 2,241 32,254 Total Debt Instruments 128,354 31,824 5,776 165,954 146,338 42,362 5,712 194,412 19

6.3 Investments in other companies having a going concern uncertainty Investments held by the Bank and its subsidiaries in listed companies which meet SET s criteria for delisting, and are in default on debt instruments, or companies whose ability to continue as a going concern is uncertain, or unlisted companies whose financial position and operating results are the same as companies which meet SET s criteria for delisting or investments in receivables with uncertainty in settlement or in default, were as follows: Cost Value/ Book Value Allowance for Impairment 31 March 2016 Cost Value/ Book Value Allowance for Impairment Fair Value Fair Value 1. Listed companies which meet SET s criteria for delisting, and are in default on debt instruments - Debt instrument 46 - (46) 46 - (46) 2. Companies whose ability to continue as a going concern is uncertain, or unlisted companies whose financial position and operating results are the same as companies which meet SET s criteria for delisting - Equity security 22 - (22) 22 - (22) - Debt instrument 453 - (453) 453 - (453) 3. Investments in receivables with uncertainty in settlement or in default 5 - (5) - - - Total 526 - (526) 521 - (521) 20

Cost Value/ Book Value 31 December 2015 Allowance for Impairment Cost Value/ Book Value Allowance for Impairment Fair Value Fair Value 1. Listed companies which meet SET s criteria for delisting, and are in default on debt instruments - Debt instrument 46 - (46) 46 - (46) 2. Companies whose ability to continue as a going concern is uncertain, or unlisted companies whose financial position and operating results are the same as companies which meet SET s criteria for delisting - Equity security 22 - (22) 22 - (22) - Debt instrument 453 - (453) 453 - (453) 3. Investments in receivables with uncertainty in settlement or in default 5 - (5) - - - Total 526 - (526) 521 - (521) 21

7 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATED COMPANIES - NET Details of the Bank s subsidiaries and associated companies are as follows: Investments in subsidiaries % Shareholding of the Bank Direct and Indirect 31 March 2016 31 December 2015 KASIKORN ASSET MANAGEMENT CO., LTD. 100.00 100.00 KASIKORN RESEARCH CENTER CO., LTD. 100.00 100.00 KASIKORN SECURITIES PCL ( KSecurities ) 99.99 99.99 KASIKORN LEASING CO., LTD. 100.00 100.00 KASIKORN FACTORY & EQUIPMENT CO., LTD. 100.00 100.00 KASIKORN TECHNOLOGY GROUP SECRETARIAT COMPANY LIMITED 100.00 100.00 KASIKORN LABS COMPANY LIMITED 100.00 100.00 KASIKORN SOFT COMPANY LIMITED 100.00 100.00 KASIKORN PRO COMPANY LIMITED 100.00 100.00 KASIKORN SERVE COMPANY LIMITED 100.00 100.00 Muang Thai Group Holding Co., Ltd. ( MTGH )* 51.00 51.00 Muang Thai Life Assurance PCL ( MTL )* 38.25 38.25 KASIKORNTHAI BANK Limited 100.00 100.00 KHAO KLA Venture Capital Management Co., Ltd. 100.00 100.00 K-SME Venture Capital Co., Ltd. 100.00 100.00 Phethai Asset Management Co., Ltd. ( Phethai Asset Management ) 100.00 100.00 Starbright Finance Co., Ltd. 100.00 100.00 PROGRESS PLUS CO., LTD. 100.00 100.00 PROGRESS APPRAISAL CO., LTD. 100.00 100.00 PROGRESS GUNPAI SECURITY GUARD CO., LTD. 100.00 100.00 (Formerly name PROGRESS GUNPAI CO., LTD.) PROGRESS MANAGEMENT CO., LTD. 100.00 100.00 PROGRESS FACILITIES MANAGEMENT CO., LTD. 100.00 100.00 PROGRESS SERVICE SECURITY GUARD CO., LTD. (Formerly name PROGRESS SERVICE CO., LTD.) 100.00 100.00 PROGRESS STORAGE CO., LTD. 100.00 100.00 PROGRESS H R CO., LTD. 100.00 100.00 22

% Shareholding of the Bank Direct and Indirect 31 March 2016 31 December 2015 PROGRESS SERVICE SUPPORT CO., LTD. 100.00 100.00 PROGRESS COLLECTION CO., LTD. 100.00 100.00 PROGRESS TRAINING CO., LTD. 100.00 100.00 PROGRESS MULTI INSURANCE BROKER CO., LTD. 100.00 100.00 Thanyathanathavee Co., Ltd.** - 100.00 Thanyathamrongkij Co., Ltd.** - 100.00 Thanyanithiwattana Co., Ltd.** - 100.00 Ruang Khao Phuean Thai Joint Investment Agreement** - 100.00 Muang Thai Broker Co., Ltd. 50.49 50.49 MT Insure Broker Co., Ltd.* 38.25 38.25 Investments in associated companies Processing Center Co., Ltd. 30.00 30.00 National ITMX Co., Ltd. 22.15 22.15 Sovannaphum Life Assurance PLC 18.74 18.74 * holds 51% of total issued shares of Muang Thai Group Holding Co., Ltd. and Muang Thai Group Holding Co., Ltd. holds 75% of total shares issued by Muang Thai Life Assurance PCL. Moreover, MT Insure Broker Co., Ltd. was held 100% of total shares issued by Muang Thai Life Assurance PCL. ** Thanyathanathavee Co., Ltd., and Thanyathamrongkij Co., Ltd. terminated Ruang Khao Phuean Thai Joint Investment Agreement effective from 19 January 2016, and Thanyathanathavee Co., Ltd., Thanyathamrongkij Co., Ltd. and Thanyanithiwattana Co., Ltd. have registered for dissolution and were completely liquidated on 28 March 2016. 23

8 LOANS TO CUSTOMERS AND ACCRUED INTEREST RECEIVABLES - NET Loans to customers and accrued interest receivables - net consisted of: 8.1 Classified by Account Status Loans and Accrued Interest Receivables 31 March 2016 Net amount used for setting the Allowance for Doubtful Accounts % Used for setting the Allowance for Doubtful Accounts Allowance for Doubtful Accounts 1. Minimum reserve under BoT s Regulations Pass 1,516,946 534,735 1 5,347 Special Mention 30,506 7,807 2 156 Sub-Standard 12,066 5,621 100 5,621 Doubtful 17,067 7,545 100 7,545 Doubtful of Loss 23,933 11,983 100 11,983 Total 1,600,518 567,691 30,652 2. Excess allowance 37,243 3. Credit balance transaction 1,909 46 4. Loans in life insurance business 14,285 259 Total 1,616,712 68,200 24

Loans and Accrued Interest Receivables 31 December 2015 Net amount used for setting the Allowance for Doubtful Accounts % Used for setting the Allowance for Doubtful Accounts Allowance for Doubtful Accounts 1. Minimum reserve under BoT s Regulations Pass 1,511,028 527,099 1 5,271 Special Mention 35,969 9,723 2 194 Sub-Standard 12,906 5,841 100 5,841 Doubtful 16,490 8,211 100 8,211 Doubtful of Loss 20,241 10,487 100 10,487 Total 1,596,634 561,361 30,004 2. Excess allowance 30,687 3. Credit balance transaction 2,280 46 4. Loans in life insurance business 14,061 164 Total 1,612,975 60,901 25

Loans and Accrued Interest Receivables 31 March 2016 Net amount used for setting the Allowance for Doubtful Accounts % Used for setting the Allowance for Doubtful Accounts Allowance for Doubtful Accounts 1. Minimum reserve under BoT s Regulations Pass 1,513,928 625,190 1 6,252 Special Mention 28,059 7,774 2 156 Sub-Standard 11,732 5,601 100 5,601 Doubtful 16,759 7,517 100 7,517 Doubtful of Loss 22,707 11,004 100 11,004 Total 1,593,185 657,086 30,530 2. Excess allowance 35,659 Total 66,189 Loans and Accrued Interest Receivables 31 December 2015 Net amount used for setting the Allowance for Doubtful Accounts % Used for setting the Allowance for Doubtful Accounts Allowance for Doubtful Accounts 1. Minimum reserve under BoT s Regulations Pass 1,509,352 619,409 1 6,194 Special Mention 33,339 9,697 2 194 Sub-Standard 12,500 5,821 100 5,821 Doubtful 16,183 8,184 100 8,184 Doubtful of Loss 19,104 9,596 100 9,596 Total 1,590,478 652,707 29,989 2. Excess allowance 29,146 Total 59,135 26

8.2 Non-performing loans (NPL) Non-performing loans (NPL gross) are defined as sub-standard, doubtful, doubtful of loss and loss loan accounts in accordance with the BoT s notification Non-performing loans, net refers to the non-performing loan value, net of total allowances for doubtful accounts. In accordance with the BoT s regulations, commercial banks are required to report the following information: - Non-performing loans (NPL gross). - The ratio of NPL gross to total loans. - Non-performing loans, net (NPL net). - The ratio of NPL net to total loans after deduction of allowances for doubtful accounts. and its subsidiaries showed non-performing loans (including financial institutions) to comply with BoT s regulations, summarised as follows: 31 March 2016 KASIKORNBANK Phethai Asset Management Other Non-performing loans, gross Non-performing loans 51,064 234 1,629 52,927 Total loans used for NPL gross ratio calculation (1) 1,876,734 236 102,026 1,884,037 (2) Ratio of total loans 2.72 99.14 1.60 2.81 Non-performing loans, net Non-performing loans 26,698 158 679 27,535 Total loans used for NPL net ratio calculation (1) 1,852,368 160 101,076 1,858,645 (2) Ratio of total loans 1.44 98.73 0.67 1.48 27

31 December 2015 Phethai Asset KASIKORNBANK Management Other Non-performing loans, gross Non-performing loans 47,645 239 1,606 49,490 Total loans used for NPL gross ratio calculation (1) 1,824,802 241 102,532 1,830,933 (2) Ratio of total loans 2.61 99.08 1.57 2.70 Non-performing loans, net Non-performing loans 23,679 162 745 24,586 Total loans used for NPL net ratio calculation (1) 1,800,836 164 101,671 1,806,029 (2) Ratio of total loans 1.31 98.64 0.73 1.36 (1) Excluding loans from KSecurities and MTL. (2) Excluding loans to and from subsidiaries. 8.3 Non-accrual loans based on the accrual basis and its subsidiaries showed non-accrual loans, gross, (including financial institutions) based on the accrual basis to comply with BoT s regulations can be summarised as follows: 31 March 2016 31 December 2015 31 March 2016 31 December 2015 Non-accrual loans 133,030 127,705 130,992 125,725 Total loans used for ratio calculation (1) 1,884,037 (2) 1,830,933 (2) 1,876,734 1,824,802 Percentage of total loans 7.06 6.97 6.98 6.89 (1) Excluding loans from KSecurities and MTL. (2) Excluding loans to and from subsidiaries. 28

8.4 Loan to listed companies that meet SET s criteria for delisting Loans to listed companies that meet SET s criteria for delisting were as follows: and 31 March 2016 31 December 2015 Loans and Accrued Interest Receivables Collateral Value Allowance for Doubtful Accounts Loans and Accrued Interest Receivables Collateral Value Allowance for Doubtful Accounts Listed companies which meet SET s criteria for delisting 226 123 4 227 122 4 9 TROUBLED DEBT RESTRUCTURING During the three-month period ended 31 March 2016 and 2015, the Bank and its subsidiaries engaged in debt restructuring contracts as follows: 2016 2015 2016 2015 Total Total Total Total Outstanding Debt Before Outstanding Debt Before Outstanding Debt Before Outstanding Debt Before Cases Restructuring Cases Restructuring Cases Restructuring Cases Restructuring Debt restructuring contracts that incurred losses 4,603 24,933 2,801 3,696 4,603 24,933 2,801 3,696 Debt restructuring contracts that incurred no losses 20,283 20,947 15,915 5,625 20,283 20,947 15,915 5,625 Total 24,886 45,880 18,716 9,321 24,886 45,880 18,716 9,321 29

Losses on debt restructuring for the three-month period ended 31 March 2016 and 2015 were as follows: Outstanding Debt Transferred Assets Loss on Before After Debt Types of Restructuring Cases Restructuring Restructuring Types Fair Value Restructuring 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Transfers of assets 5 4 3 9 - - Cash, land, 2 8 1 1 premises and investments Changes of repayment conditions 4,593 2,791 24,553 2,891 24,553 2,891 - - - 850 216 Debt restructuring in Cash, land, various forms 5 6 377 796 167 452 premises and investments 210 344 5 232 Total 4,603 2,801 24,933 3,696 24,720 3,343 212 352 856 449 Outstanding Debt Transferred Assets Loss on Before After Debt Types of Restructuring Cases Restructuring Restructuring Types Fair Value Restructuring 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Transfers of assets 5 4 3 9 - - Cash, land, 2 8 1 1 premises and investments Changes of repayment conditions 4,593 2,791 24,553 2,891 24,553 2,891 - - - 850 216 Debt restructuring in Cash, land, various forms 5 6 377 796 167 452 premises and investments 210 344 5 232 Total 4,603 2,801 24,933 3,696 24,720 3,343 212 352 856 449 30

and its subsidiaries measure the expected recoverable amounts of loans restructured by changing repayment conditions by using the present value of future cash flows discounted by the market rate. The terms of debt restructuring agreements with debts which were restructured by changing the repayment conditions and restructured in various forms and which resulted in losses on debt restructuring during the three-month period ended 31 March 2016 and 2015 are as follows: and 2016 2015 Outstanding Debt Outstanding Debt Terms of debt restructuring agreements Cases Before Restructuring After Restructuring End of period Cases Before Restructuring After Restructuring End of period Less than 5 years 2,096 3,585 3,375 3,208 2,659 1,344 1,298 1,292 5 to 10 years 1,386 13,580 13,580 12,864 100 2,102 1,804 1,768 Over 10 years 1,116 7,765 7,765 7,501 38 241 241 239 Total 4,598 24,930 24,720 23,573 2,797 3,687 3,343 3,299 and its subsidiaries recognised interest income from restructured loans for the three-month period ended 31 March 2016 and 2015 as follows: 2016 2015 2016 2015 Debt restructuring contracts that incurred losses 629 265 629 265 had commitments to extend additional loans to these borrowers as follows: and 31 March 2016 31 December 2015 Debt restructuring contracts that incurred losses 634 484 31

and its subsidiaries had outstanding balances on restructured loans that only incurred losses during the period/year as follows: 31 March 2016 31 December 2015 31 March 2016 31 December 2015 Debt restructuring contracts which were not classified as NPL 23,474 25,050 23,474 25,050 Debt restructuring contracts which were classified as NPL 99 681 99 681 Total 23,573 25,731 23,573 25,731 and its subsidiaries had outstanding balances on restructured loans that only incurred losses as follows: 31 March 2016 31 December 2015 31 March 2016 31 December 2015 Debt restructuring contracts which were not classified as NPL 46,322 33,564 46,322 33,563 Debt restructuring contracts which were classified as NPL 1,088 1,513 1,066 1,491 Total 47,410 35,077 47,388 35,054 32

10 ALLOWANCE FOR DOUBTFUL ACCOUNTS The movements in the allowance for doubtful accounts during the period/year were as follows: Special Mention Sub- Standard Doubtful 31 March 2016 Doubtful of Loss Excess Allowance Allowances from Securities Business Allowances from Insurance Business Pass Total Balance at the beginning of the period 5,271 194 5,841 8,211 10,487 30,687 46 164 60,901 Doubtful accounts 76 (38) (220) (666) 5,020 6,556-99 10,827 Bad debt written off - - - - (4,243) - - - (4,243) Others - - - - 719 - - (4) 715 Balance at the end of the period 5,347 156 5,621 7,545 11,983 37,243 46 259 68,200 Special Mention Sub- Standard Doubtful 31 December 2015 Doubtful of Loss Excess Allowance Allowances from Securities Business Allowances from Insurance Business Pass Total Balance at the beginning of the year 5,360 154 3,359 4,883 11,766 21,751 45 116 47,434 Doubtful accounts (89) 40 2,482 3,328 9,761 8,936 1 58 24,517 Bad debt written off - - - - (10,160) - - - (10,160) Others - - - - (880) - - (10) (890) Balance at the end of the year 5,271 194 5,841 8,211 10,487 30,687 46 164 60,901 33

Special Mention 31 March 2016 Sub- Standard Doubtful Doubtful of Loss Excess Allowance Pass Total Balance at the beginning of the period 6,194 194 5,821 8,184 9,596 29,146 59,135 Doubtful accounts 58 (38) (220) (667) 4,884 6,513 10,530 Bad debt written off - - - - (4,195) - (4,195) Others - - - - 719-719 Balance at the end of the period 6,252 156 5,601 7,517 11,004 35,659 66,189 Special Mention 31 December 2015 Sub- Standard Doubtful Doubtful of Loss Excess Allowance Pass Total Balance at the beginning of the year 6,310 153 3,345 4,868 10,971 20,475 46,122 Doubtful accounts (116) 41 2,476 3,316 9,460 8,671 23,848 Bad debt written off - - - - (9,957) - (9,957) Others - - - - (878) - (878) Balance at the end of the year 6,194 194 5,821 8,184 9,596 29,146 59,135 11 REVALUATION ALLOWANCE FOR DEBT RESTRUCTURING The movements in the revaluation allowance for debt restructuring during the period/year were as follows: 31 March 2016 31 December 2015 31 March 2016 31 December 2015 Balance at the beginning of the period/year 3,416 3,558 3,416 3,558 Increase 870 1,994 870 1,994 Amortisation to interest income (287) (599) (287) (599) Others (680) (1,537) (680) (1,537) Balance at the end of the period/year 3,319 3,416 3,319 3,416 34

12 CLASSIFIED ASSETS Assets of the Bank and its subsidiaries, classified as investments, loans and accrued interest receivables (including financial institutions), properties foreclosed and other assets, were categorised by quality in compliance with the BoT s regulations, taking into account analyses of each loan and appraisal of the financial standing of each borrower, as follows: 31 March 2016 Investments Loans and Accrued Interest Receivables Properties Foreclosed Other Assets Total Pass - 1,800,752 - - 1,800,752 Special Mention - 30,358 - - 30,358 Sub-Standard - 12,066 - - 12,066 Doubtful - 17,067 - - 17,067 Doubtful of Loss 706 23,933 511 3,094 28,244 Total 706 1,884,176 511 3,094 1,888,487 31 December 2015 Investments Loans and Accrued Interest Receivables Properties Foreclosed Other Assets Total Pass - 1,745,653 - - 1,745,653 Special Mention - 35,790 - - 35,790 Sub-Standard - 12,906 - - 12,906 Doubtful - 16,490 - - 16,490 Doubtful of Loss 822 20,241 572 3,123 24,758 Total 822 1,831,080 572 3,123 1,835,597 35