Form 56-1 One Report 2021 4) Properties for sales As of 31 December 2020, net properties for sale increased to THB8,626 million, rose by 42.9% YTD. The change was due mainly to asset warehousing initiative. Liabilities As of 31 December 2021, total liabilities on consolidated basis was reported at THB1,548,345 million which declined by 3.4% YTD. Details are shown below; 1) Deposits As of 31 December 2021, the Bank and its subsidiaries reported total deposits on consolidated basis of THB1,339,195 million which dropped 2.5% from the end of 2020. This was in line with the Bank’s direction to optimize balance sheet and funding strategy. Since the merger, the Bank proactively optimized high cost deposit and replaced with quality-hybrid deposits and transactional deposits to align with liquidity management plan amidst slow loan growth. Deposit growth in 2021 was in line with such direction. This was attributed to No-Fixed deposit which expanded noticeably by 49.5% YTD while flagship retail transactional deposit, All Free, grew on track at 39.1% YTD. In the 4th quarter, the Bank started to acquire long-term deposit, supported by retail-TD up and up, as part of funding strategy and product offering for wealth customers. Time Deposit, as a result, grew by 16.9% from the previous quarter but dropped by 15.5% YTD. In 2022, All Free and No-fixed deposits remained a key flagship product of TTB to capture cross-selling opportunity by converting retail deposits to other investment products while retail-TD up and up would be another key strategic product for funding cost optimization. Moreover, the Bank will continue to optimize and balance deposit structure thru CASA & hybrid products and Time Deposit to ensure efficiently-managed deposit cost. 139
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