Form 56-1 One Report 2021 Assets As of 31 December 2021, total assets on consolidated basis amounted to THB1,759,181 million, a decrease of 2.7% from 31 December 2020 (YTD) mainly due to financial assets measured at fair value through profit or loss. Details are as follows. 1) Total loans to customers As of Dec-21, The Bank recorded total loans to customers (less deferred revenue) on consolidated basis of THB1,372,315 million, decreased by 1.5% YTD. With balance sheet synergy initiative, the Bank optimized loan mix by reducing low-yielding loans and replacing with retail high-yielding loans. However, amid the situation of COVID-19 pandemic and sluggish economic recovery, the Bank grew loans selectively resulting in relatively flat loan growth this year. Details are as follows. • Retail lending on consolidated basis contracted by 0.5% YTD. The YTD decline was mainly due to hire purchase and unsecured loans and credit card amidst the sluggish economy from COVID-19 outbreak. However, the Bank saw a recovery sign in new auto loan booking especially in new car segment in the last quarter of 2021. Mortgage continued its moderate growth rate of 2.6% YTD against unfavorable business environment. • Corporate lending on consolidated basis decreased by 5.5% YTD mainly from loan repayment while small SME loans remained contraction in line with the Bank’s direction on small SME segment to de-risk weak loan and focus on portfolio quality to preserve balance sheet quality. Figure 10: Total loan breakdown by segment Corporate Small SMEs Retail customers Others THB billion FY2019 FY2020 FY2021 36.2% 1,392 1,393 1,372 7.4% 56.2% 0.2% 0.2% 55.9% 56.4% 0.1% 37.0% 6.9% 7.9% 35.5% Note: Consolidated financial statements 135
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