commercial - bangkok bank banks.pdf · comparison of deposits deposits of commercial banks...

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COMMERCIALBANKS

INTHAILAND

2002

Editor-in-Chief Dr.Bunyaraks Ninsananda Assistant Editor-in-Chief Benjamas Rojvanit, Dr.Bunluasak Pussarungsri

Editor Pairote Wongwuttiwat Assistant Editor Yupin Gro-Thong Graphic Anurak Petchumporn

Prepared and Published by The Economic Publications Section, Research Department, Bangkok Bank Public Company Limited

333 Silom Road, Bangkok 10500, Thailand Tel. (662) 230-2573 - 4 Fax : (662)231-5486

http://www.bangkokbank.com E-mail : [email protected]

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Head Office Addresses and Number of Employees

Comparative Statement of Condition (Assets)

Comparative Statement of Condition (Liabilities)

Percentage Distribution of Assets of Individual Banks

Percentage Distribution of Liabilities & Equity of Individual Banks

Comparison of Total Assets

Comparison of Earning Assets

Comparison of Deposits

Deposits of Commercial Banks Classified by Depositor

Deposits of Commercial Banks Classified by Size

Advances of Commercial Banks Classified by Borrower

Comparison of Advances (Total Credits)

Loans and Non-Performing Loans of Commercial Banks

Bills, Loans and Overdrafts of Commercial Banks Classified by Purpose

Advances as Percentage of Deposits

Comparison of Borrowings

Comparison of Net Worth

Total Income and Expenses of Thai Banks

Structure of Income and Expenses of Thai Banks

Net Profits

Structure of Interest Rates

Number of Offices of Thai Commercial Banks

Overseas Offices of Banks Incorporated in Thailand

Bangkok International Banking Facilities

BIBF Assets and Liabilities (Thai Banks)

BIBF Assets and Liabilities (Foreign Banks)

BIBF Assets, Liabilities and Lending (New Foreign Banks)

Outstanding BIBF Lending

Major Monetary and Fiscal Measures and Policies in 2001

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C O N T E N T S

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HEAD OFFICE ADDRESSES AND NUMBER OF EMPLOYEESAS AT DECEMBER 31, 2001

ADDRESSES 1/ YEAR OF TELEPHONE NUMBER OF

OPENING NUMBERS EMPLOYEES

1/ All addresses are in Bangkok.2/ Dresdner Bank AG. suspended operations since 30 June 2001

3/ The Industrial Bank of Japan Limited suspended operations since 9 August 20014/ The Chase Manhattan Bank merged with Morgan Guaranty Trust Company of New York and became JP Morgan Chase Bank on 10 November 2001

5/ The Sumitomo Bank merged with the Sakura Bank and became Sumitomo Mitsui Banking Corporation on 1 April 2001

Banks Incorporated in Thailand

Private Banks

1. Bangkok Bank Public Company Limited 333 Silom Road 1944 0-2231-4333 18,705

2. Thai Farmers Bank Public Company Limited 1 Ratburana Road 1945 0-2470-1122, 0-2470-1199 10,472

3. The Siam Commercial Bank Public Company Limited 9 Ratchadaphisek Road 1906 0-2544-5678 10,412

4. Bank of Ayudhya Public Company Limited 1222 Rama III Road 1945 0-2296-2000 9,092

5. The Thai Military Bank Public Company Limited 3000 Phahonyothin Road 1957 0-2617-9111, 0-2299-1111 6,925

6. Bank of Asia Public Company Limited 191 South Sathon Road 1939 0-2287-2211 2,636

7. The DBS Thai Danu Bank Public Company Limited 393 Silom Road 1949 0-2233-9160 - 9 1,773

8. Standard Chartered Nakornthon Bank Public Company Limited90 North Sathon Road 1933 0-2724-4000 1,562

9. UOB Radanasin Bank Public Company Limited 690 Sukhumvit Road 1998 0-2260-0090 1,139

Total Private Bank 62,716

State-Owned Banks

1. Krung Thai Bank Public Company Limited 35 Sukhumvit (Nana Nua) Road 1966 0-2255-2222 15,233

2. Siam City Bank Public Company Limited 1101 New Phetchaburi Road 1941 0-2253-0200, 0-2208-5000 4,167

3. Bangkok Metropolitan Bank Public Company Limited 2 Chalermkhet 4 Road 1950 0-2225-9999 3,509

4. BankThai Public Company Limited 44 North Sathon Road 1998 0-2638-8000 2,476

Total State-Owned Bank 25,385

Sub-Total 88,101

Banks Incorporated Abroad

1. ABN AMRO Bank N.V. 179/3 Bangkok City Tower (1-4th. Fl.), South Sathon Road 1888 0-2679-5900 110

2. Bank of America N.T. & S.A. 2/2 Wireless Road 1949 0-2251-6333 93

3. The Bank of Tokyo-Mitsubishi Limited 54 Harindhorn Tower, North Sathon Road 1962 0-2266-3011 - 35 361

4. Bharat Overseas Bank Limited 221 Ratchawong Road 1974 0-2224-5412 - 4 42

5. The Bank of China 179 Bangkok City Tower, South Sathon Road 1997 0-2286-1010 41

6. BNP Paribas 990 Abdulrahim Place (29th. Fl.), Rama IV Road 1997 0-2636-1900 60

7. The Bank of Nova Scotia 898 Phloen Chit Tower (1-2rd. Fl.), Phloen Chit Road 1998 0-2263-0303 46

8. Citibank N.A. 82 Sangthong Thani Building, North Sathon Road 1985 0-2232-2000 1,124

9. Credit Agricole Indosuez 152 Wireless Road 1897 0-2651-4590-2 151

10. The Dai-Ichi Kangyo Bank Limited 48 Tisco Tower (18th. Fl.), North Sathon Road 1997 0-2638-0200 - 5 218

11. Deutsche Bank AG. 208 Wireless Road 1988 0-2651-5000 168

12. Dresdner Bank AG. 2/ 990 Abdulrahim Place (32nd. Fl.), Rama IV Road 1997 0-2636-0500 -

13. The Hongkong and Shanghai Banking Corporation Limited 968 Rama IV Road, HSBC Building 1888 0-2614-4000 657

14. The International Commercial Bank of China 36/12 P.S. Tower, Sukhumvit 21 Road 1972 0-2259-2000 - 9 68

15. The Industrial Bank of Japan 3/ 161 Thai-Obayashi Building (15th. Fl.), Rajadamri Road 1997 0-2255-2991 - 2 -

16. JP Morgan Chase Bank 4/ 20 North Sathorn Road 2001 0-2684-2451 62

17. Oversea-Chinese Banking Corporation Limited 942/80 Charn Issara Tower (2nd. Fl.), Rama IV Road 1909 0-2236-6730 - 5 44

18. RHB Bank Berhad 287 Liberty Square Tower (10th. Fl.), Silom Road 1964 0-2631-2000 - 9 44

19. Standard Chartered Bank 100 Sathon Nakorn Tower, North Sathon Road 1894 0-2724-4000 197

20. Sumitomo Mitsui Banking Corporation 5/ 138 Boon-Mitr Building, Silom Road 1997 0-2353-8000 270

Sub-Total 3,756

TOTAL 91,857

Source : Compiled from individual banks

* As At March 2002

*

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COMPARATIVE STATEMENT OF CONDITIONAS AT DECEMBER 31, 2001

INTERBANK SECURITIES INVESTMENT

CASH 1/ AND MONEY PURCHASED IN

MARKET UNDER RESALE SECURITIES 2/

ITEMS 1/ AGREEMENTS


1. Bangkok Bank 16,018 218,070 25,521 263,427

2. Krung Thai Bank 7,227 452,217 33,000 43,053

3. Thai Farmers Bank 12,142 164,596 3,700 113,465

4. The Siam Commercial Bank 11,245 73,828 28,480 124,807

5. Bank of Ayudhya 5,804 25,122 6,300 35,037

6. The Thai Military Bank 6,246 18,112 - 52,310

7. Siam City Bank 2,113 155,396 8,000 51,048

8. BankThai 659 13,332 10,100 39,164

9. Bangkok Metropolitan Bank 1,394 94,560 7,000 9,650

10.Bank of Asia 2,122 11,681 900 21,854

11.The DBS Thai Danu Bank 746 3,376 - 9,488

12.Standard Chartered Nakornthon Bank 414 6,492 - 3,700

13.UOB Radanasin Bank 491 29,415 - 1,361

Sub-Total 66,621 1,266,197 123,001 768,364


1. Sumitomo Mitsui Banking Corporation 26 11,154 - 18,537

2. Citibank 118 16,357 500 16,497

3. The Dai-Ichi Kangyo Bank 2 10,704 1,050 10,223

4. The Bank of Tokyo-Mitsubishi 51 7,788 - 13,506

5. The Hongkong and Shanghai Banking Corporation 176 16,975 - 16,519

6. Deutsche Bank 25 22,954 4,000 13,324

7. Standard Chartered Bank 16 13,258 150 9,618

8. ABN-AMRO Bank 3 1,915 - 11,688

9. Bank of America 8 13,823 - 4,798

10.JP Morgan Chase Bank 4 2,198 - 7,229

11.Credit Agricole Indosuez 9 2,717 - 3,728

12.BNP Paribas * 502 - 2,613

13.The Bank of China 10 6,541 - 2,585

14.The Bank of Nova Scotia 31 2,602 - 3,095

15.The International Commercial Bank of China 18 629 160 1,165

16.RHB Bank Berhad 13 248 820 2,043

17.Oversea-Chinese Banking Corporation 8 136 25 700

18.Bharat Overseas Bank 12 140 15 651

Sub-Total 530 130,641 6,720 138,519

Total 67,151 1,396,838 129,721 906,883

Source : Forms C.B. 1.1, C.B, 1.2, Bank of Thailand

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ACCRUED CUSTOMERS’ LAND,

ADVANCES 1/ 3/ INTEREST PROPERTIES LIABILITIES PREMISES OTHER TOTAL

RECEIVABLE FORECLOSED UNDER & ASSETS ASSETS

ACCEPTANCES EQUIPMENT

(Million Baht)

1/ New classifications in accordance with the Ministerial Regulation No. 7 B.E. 2539 (1996) under the Public Limited Company Act B.E. 2535 (1992)

and with Notifications of the Bank of Thailand relating to the financial statements of commercial banks.

2/ Net of allowance for diminution in value of securities

3/ Net of allowance for doubtful accounts

* Negligible

649,749 1,756 29,531 1,392 30,130 13,437 1,249,031

390,567 4,328 14,535 2,264 16,977 12,342 976,510

437,440 2,103 11,634 612 22,173 6,520 774,385

432,914 2,250 11,405 476 19,784 10,860 716,049

331,424 4,293 14,533 946 13,435 1,666 438,560

264,029 3,920 10,672 1,269 8,220 2,674 367,452

59,662 1,227 9,951 66 4,694 6,735 298,892

120,312 7,981 10,823 241 3,743 64,983 271,338

51,003 917 5,422 316 2,068 18,827 191,157

105,100 1,184 12,195 233 2,248 1,855 159,372

72,396 719 7,741 508 3,254 791 99,019

52,297 1,827 663 3 2,402 2,122 69,920

20,933 106 275 3 1,073 1,272 54,929

2,987,826 32,611 139,380 8,329 130,201 144,084 5,666,614

86,179 507 - 105 190 620 117,318

69,945 327 184 - 615 2,581 107,124

80,916 463 - - 131 1,105 104,594

74,850 317 - - 131 406 97,049

25,321 100 153 - 259 2,186 61,689

10,761 55 - - 51 9,244 60,414

18,954 1,125 5 - 170 2,049 45,345

12,629 128 - - 115 922 27,400

8,140 44 - - 54 150 27,017

16,993 125 - - 67 401 27,017

6,786 47 - 7,834 44 439 21,604

9,239 57 - 616 31 52 13,110

2,967 51 4 - 249 53 12,460

2,182 4 - - 8 79 8,001

3,438 10 - 2 32 78 5,532

243 1 - - 2 60 3,430

2,226 5 37 - 55 18 3,210

1,685 4 - - 16 19 2,542

433,454 3,370 383 8,557 2,220 20,462 744,856

3,421,280 35,981 139,763 16,886 132,421 164,546 6,411,470

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Source : Forms C.B. 1.1, C.B.1.2, Bank of Thailand

INTERBANK SECURITIES

DEPOSITS 1/ AND MONEY DEMAND SOLD UNDER

MARKET LIABILITIES REPURCHASE

ITEMS 1/ AGREEMENTS

COMPARATIVE STATEMENT OF CONDITIONAS AT DECEMBER 31, 2001


1. Bangkok Bank 1,071,931 29,319 3,498 - 78,541

2. Krung Thai Bank 866,955 34,220 1,437 - 1

3. Thai Farmers Bank 664,846 13,831 3,456 - 48,748

4. The Siam Commercial Bank 600,990 11,395 3,584 - 25,522

5. Bank of Ayudhya 372,250 5,290 1,147 - 38,419

6. The Thai Military Bank 300,894 16,576 841 - 27,565

7. Siam City Bank 262,153 6,959 244 - 4,818

8. BankThai 168,935 36,304 643 - 5,689

9. Bangkok Metropolitan Bank 173,389 2,972 378 - -

10. Bank of Asia 139,419 2,972 849 - 4,922

11. The DBS Thai Danu Bank 77,173 7,166 162 - 8,068

12. Standard Chartered Nakornthon Bank 57,650 6,288 90 700 -

13. UOB Radanasin Bank 42,045 8,603 66 200 -

Sub-Total 4,798,630 181,895 16,395 900 242,293


1. Sumitomo Mitsui Banking Corporation 48,168 6,596 260 690 -

2. Citibank 54,476 27,407 3,426 - -

3. The Dai-Ichi Kangyo Bank 29,263 22,733 43 - -

4. The Bank of Tokyo-Mitsubishi 48,294 6,870 54 3,400 -

5. The Hongkong and Shanghai Banking Corporation 19,793 18,420 49 - -

6. Deutsche Bank 19,431 16,808 870 - -

7. Standard Chartered Bank 15,025 12,302 1,925 - 1,000

8. ABN-AMRO Bank 4,612 4,088 255 - -

9. Bank of America 4,096 483 195 - -

10. JP Morgan Chase Bank 2,505 750 171 - -

11. Credit Agricole Indosuez 4,030 2,477 228 - -

12. BNP Paribas 1,078 1,531 4 - -

13. The Bank of China 1,177 - 3 15 -

14. The Bank of Nova Scotia 1,164 2,920 6 - -

15. The International Commercial Bank of China 3,446 734 94 - -

16. RHB Bank Berhad 969 48 1 - -

17. Oversea-Chinese Banking Corporation 978 182 3 - -

18. Bharat Overseas Bank 1,994 13 7 - -

Sub-Total 260,499 124,362 7,594 4,105 1,000

Total 5,059,129 306,257 23,989 5,005 243,293

BORROWINGS1/

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1/ New classifications in accordance with the Ministerial Regulation No. 7 B.E. 2539 (1996) under the Public Limited Company Act B.E. 2535 (1992)and with Notifications of the Bank of Thailand relating to the financial statements of commercial banks.

2/ For banks incorporated abroad, figures are for capital maintained as assets as per section 6 of the Commercial Banking Act.3/ Comprises reserves for tax payment and other general reserve funds, excluding legal reserves.

4/ For banks incorporated abroad, figures include capital maintained as assets as per section 6, net inter-office balances and others.* Negligible

BANK’S ISSUED & RESERVES &

LIABILITIES OTHER PAID-UP UNDIVIDED CAPITAL OTHER TOTAL TOTAL

UNDER LIABILITIES CAPITAL PROFIT FUND 2/ RESERVES 3/ EQUITY 4/ LIABILITIES

ACCEPTANCES (1) (2) (1)+(2) (3) (1)+(2)+(3) & EQUITY

(Million Baht)

1,392 21,017 14,668 7,108 21,776 21,557 43,333 1,249,031

2,264 8,177 111,850 (56,536) 55,314 8,142 63,456 976,510

611 15,822 23,531 (3,895) 19,636 7,435 27,071 774,385

476 12,141 31,311 21,527 52,838 9,103 61,941 716,049

946 5,350 18,503 (4,252) 14,251 907 15,158 438,560

1,269 6,614 40,029 (27,937) 12,092 1,601 13,693 367,452

66 7,009 10,564 (31,728) (21,164) 38,807 17,643 298,892

240 47,997 14,934 (2,577) 12,357 (827) 11,530 271,338

316 4,340 9,803 (9) 9,794 (32) 9,762 191,157

233 2,336 38,275 (26,595) 11,680 (3,039) 8,641 159,372

508 1,769 17,001 (13,993) 3,008 1,165 4,173 99,019

3 2,002 7,003 (3,334) 3,669 (482) 3,187 69,920

3 1,283 8,346 (4,949) 3,397 (668) 2,729 54,929

8,327 135,857 345,818 (147,170) 198,648 83,669 282,317 5,666,614

104 2,151 15,537 42,083 57,620 1,729 59,349 117,318

- 3,928 8,889 4,715 13,604 4,283 17,887 107,124

- 3,468 9,565 48,392 57,957 (8,870) 49,087 104,594

- 343 6,535 32,788 39,323 (1,235) 38,088 97,049

- 2,810 5,850 11,929 17,779 2,838 20,617 61,689

- 14,761 6,000 956 6,956 1,588 8,544 60,414

- 4,207 2,897 6,919 9,816 1,070 10,886 45,345

- 1,831 8,268 7,535 15,803 811 16,614 27,400

- 1,347 1,505 18,257 19,762 1,134 20,896 27,017

- 208 2,354 20,579 22,933 450 23,383 27,017

7,834 393 3,000 3,309 6,309 333 6,642 21,604

616 192 2,000 7,835 9,835 (146) 9,689 13,110

- 89 2,037 9,619 11,656 (480) 11,176 12,460

- 80 2,186 1,222 3,408 423 3,831 8,001

2 123 1,030 37 1,067 66 1,133 5,532

- 263 2,000 18 2,018 131 2,149 3,430

- 40 651 2,764 3,415 (1,408) 2,007 3,210

- 44 280 * 280 204 484 2,542

8,556 36,278 80,584 218,957 299,541 2,921 302,462 744,856

16,883 172,135 426,402 71,787 498,189 86,590 584,779 6,411,470

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INTERBANK SECURITIES INVESTMENT

CASH AND MONEY PURCHASED IN

MARKET UNDER RESALE SECURITIES

ITEMS AGREEMENTS


PERCENTAGE DISTRIBUTION OF ASSETS OF INDIVIDUAL BANKSAS AT DECEMBER 31, 2001


1. Bangkok Bank 1.3 17.5 2.0 21.1

2. Krung Thai Bank 0.7 46.3 3.4 4.4

3. Thai Farmers Bank 1.6 21.2 0.5 14.6

4. The Siam Commercial Bank 1.6 10.3 4.0 17.4

5. Bank of Ayudhya 1.3 5.7 1.4 8.0

6. The Thai Military Bank 1.7 4.9 - 14.2

7. Siam City Bank 0.7 52.0 2.7 17.1

8. BankThai 0.3 4.9 3.7 14.4

9. Bangkok Metropolitan Bank 0.7 49.5 3.7 5.0

10.Bank of Asia 1.3 7.3 0.6 13.7

11.The DBS Thai Danu Bank 0.8 3.4 - 9.6

12.Standard Chartered Nakornthon Bank 0.6 9.3 - 5.3

13.UOB Radanasin Bank 0.9 53.6 - 2.5

Sub-Total 1.2 22.3 2.2 13.6


1. Sumitomo Mitsui Banking Corporation * 9.5 - 15.8

2. Citibank 0.1 15.3 0.4 15.4

3. The Dai-Ichi Kangyo Bank * 10.2 1.0 9.8

4. The Bank of Tokyo-Mitsubishi 0.1 8.0 - 13.9

5. The Hongkong and Shanghai Banking Corporation 0.3 27.5 - 26.8

6. Deutsche Bank * 38.0 6.6 22.1

7. Standard Chartered Bank * 29.3 0.3 21.2

8. ABN-AMRO Bank * 7.0 - 42.7

9. Bank of America * 51.2 - 17.8

10.JP Morgan Chase Bank * 8.1 - 26.8

11.Credit Agricole Indosuez * 12.6 - 17.3

12.BNP Paribas * 3.8 - 20.0

13.The Bank of China 0.1 52.5 - 20.8

14.The Bank of Nova Scotia 0.4 32.5 - 38.7

15.The International Commercial Bank of China 0.3 11.4 2.9 21.1

16.RHB Bank Berhad 0.4 7.2 23.9 59.6

17.Oversea-Chinese Banking Corporation 0.2 4.2 0.8 21.8

18.Bharat Overseas Bank 0.5 5.5 0.6 25.6

Sub-Total 0.1 17.5 0.9 18.6

Total 1.0 21.8 2.0 14.1

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ACCRUED CUSTOMERS’ LAND,

ADVANCES INTEREST PROPERTIES LIABILITIES PREMISES OTHER TOTAL

RECEIVABLE FORECLOSED UNDER & ASSETS ASSETS

ACCEPTANCES EQUIPMENT

* Negligible

52.0 0.1 2.4 0.1 2.4 1.1 100.0

40.0 0.5 1.5 0.2 1.7 1.3 100.0

56.5 0.3 1.5 0.1 2.9 0.8 100.0

60.4 0.3 1.6 0.1 2.8 1.5 100.0

75.6 1.0 3.3 0.2 3.1 0.4 100.0

71.9 1.1 2.9 0.4 2.2 0.7 100.0

20.0 0.4 3.3 * 1.6 2.2 100.0

44.3 2.9 4.0 0.1 1.4 24.0 100.0

26.7 0.5 2.8 0.2 1.1 9.8 100.0

66.0 0.7 7.7 0.1 1.4 1.2 100.0

73.1 0.7 7.8 0.5 3.3 0.8 100.0

74.8 2.6 1.0 * 3.4 3.0 100.0

38.1 0.2 0.5 * 1.9 2.3 100.0

52.7 0.6 2.5 0.1 2.3 2.5 100.0

73.5 0.4 - 0.1 0.2 0.5 100.0

65.3 0.3 0.2 - 0.6 2.4 100.0

77.4 0.4 - - 0.1 1.1 100.0

77.1 0.3 - - 0.2 0.4 100.0

41.0 0.2 0.3 - 0.4 3.5 100.0

17.8 0.1 - - 0.1 15.3 100.0

41.8 2.5 * - 0.4 4.5 100.0

46.1 0.5 - - 0.4 3.3 100.0

30.1 0.2 - - 0.2 0.5 100.0

62.9 0.5 - - 0.2 1.5 100.0

31.4 0.2 - 36.3 0.2 2.0 100.0

70.5 0.4 - 4.7 0.2 0.4 100.0

23.8 0.4 * - 2.0 0.4 100.0

27.3 * - - 0.1 1.0 100.0

62.1 0.2 - * 0.6 1.4 100.0

7.1 * - - 0.1 1.7 100.0

69.3 0.2 1.2 - 1.7 0.6 100.0

66.3 0.2 - - 0.6 0.7 100.0

58.2 0.5 0.1 1.1 0.3 2.7 100.0

53.4 0.5 2.2 0.3 2.1 2.6 100.0

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INTERBANK SECURITIES

DEPOSITS AND MONEY DEMAND SOLD UNDER BORROWINGS

MARKET LIABILITIES REPURCHASE

ITEMS AGREEMENTS


PERCENTAGE DISTRIBUTION OF LIABILITIES & EQUITY OF INDIVIDUAL BANKSAS AT DECEMBER 31, 2001


1. Bangkok Bank 85.8 2.3 0.3 - 6.3

2. Krung Thai Bank 88.8 3.5 0.2 - *

3. Thai Farmers Bank 85.9 1.8 0.4 - 6.3

4. The Siam Commercial Bank 83.9 1.6 0.5 - 3.5

5. Bank of Ayudhya 84.9 1.2 0.3 - 8.8

6. The Thai Military Bank 81.9 4.5 0.2 - 7.5

7. Siam City Bank 87.7 2.3 0.1 - 1.6

8. Bangkok Metropolitan Bank 90.7 1.5 0.2 - -

9. BankThai 62.2 13.4 0.2 - 2.1

10.Bank of Asia 87.5 1.9 0.5 - 3.1

11.The DBS Thai Danu Bank 77.9 7.2 0.2 - 8.2

12.Standard Chartered Nakornthon Bank 82.5 9.0 0.1 1.0 -

13.UOB Radanasin Bank 76.5 15.7 0.1 0.4 -

Sub-Total 84.7 3.2 0.3 * 4.3


1. Sumitomo Mitsui Banking Corporation 41.1 5.6 0.2 0.6 -

2. Citibank 50.8 25.6 3.2 - -

3. The Dai-Ichi Kangyo Bank 28.0 21.8 * - -

4. The Bank of Tokyo-Mitsubishi 49.7 7.1 0.1 3.5 -

5. The Hongkong and Shanghai Banking Corporation 32.1 29.9 0.1 - -

6. Deutsche Bank 32.2 27.8 1.5 - -

7. Standard Chartered Bank 33.1 27.1 4.3 - 2.2

8. ABN-AMRO Bank 16.8 14.9 0.9 - -

9. Bank of America 15.2 1.8 0.7 - -

10.JP Morgan Chase Bank 9.3 2.8 0.6 - -

11.Credit Agricole Indosuez 18.6 11.5 1.1 - -

12.BNP Paribas 8.2 11.7 * - -

13.The Bank of China 9.5 - * 0.1 -

14.The Bank of Nova Scotia 14.5 36.5 0.1 - -

15.The International Commercial Bank of China 62.3 13.3 1.7 - -

16.RHB Bank Berhad 28.3 1.4 * - -

17.Oversea-Chinese Banking Corporation 30.5 5.7 0.1 - -

18.Bharat Overseas Bank 78.5 0.5 0.3 - -

Sub-Total 35.0 16.7 1.0 0.6 0.1

Total 78.9 4.8 0.4 0.1 3.8

11

BANK'S ISSUED & RESERVES &

LIABILITIES OTHER PAID-UP UNDIVIDED CAPITAL OTHER TOTAL TOTAL

UNDER LIABILITIES CAPITAL PROFIT FUND RESERVES EQUITY LIABILITIES

ACCEPTANCES (1) (2) (1)+(2) (3) (1)+(2)+(3) & EQUITY

* Negligible

0.1 1.7 1.2 0.6 1.8 1.7 3.5 100.0

0.2 0.8 11.5 (5.8) 5.7 0.8 6.5 100.0

0.1 2.0 3.0 (0.5) 2.5 1.0 3.5 100.0

0.1 1.7 4.4 3.0 7.4 1.3 8.7 100.0

0.2 1.2 4.2 (1.0) 3.2 0.2 3.4 100.0

0.4 1.8 10.9 (7.6) 3.3 0.4 3.7 100.0

* 2.4 3.5 (10.6) (7.1) 13.0 5.9 100.0

0.2 2.3 5.1 * 5.1 * 5.1 100.0

0.1 17.7 5.5 (0.9) 4.6 (0.3) 4.3 100.0

0.1 1.5 24.0 (16.7) 7.3 (1.9) 5.4 100.0

0.5 1.8 17.1 (14.1) 3.0 1.2 4.2 100.0

* 2.9 10.0 (4.8) 5.2 (0.7) 4.5 100.0

* 2.3 15.2 (9.0) 6.2 (1.2) 5.0 100.0

0.1 2.4 6.1 (2.6) 3.5 1.5 5.0 100.0

0.1 1.8 13.2 35.9 49.1 1.5 50.6 100.0

- 3.7 8.3 4.4 12.7 4.0 16.7 100.0

- 3.3 9.1 46.3 55.4 (8.5) 46.9 100.0

- 0.4 6.7 33.8 40.5 (1.3) 39.2 100.0

- 4.5 9.5 19.3 28.8 4.6 33.4 100.0

- 24.4 9.9 1.6 11.5 2.6 14.1 100.0

- 9.3 6.4 15.3 21.6 2.4 24.0 100.0

- 6.7 30.2 27.5 57.7 3.0 60.7 100.0

- 5.0 5.5 67.6 73.1 4.2 77.3 100.0

- 0.8 8.7 76.2 84.9 1.6 86.5 100.0

36.3 1.8 13.9 15.3 29.2 1.5 30.7 100.0

4.7 1.5 15.2 59.8 75.0 (1.1) 73.9 100.0

- 0.7 16.4 77.2 93.6 (3.9) 89.7 100.0

- 1.0 27.3 15.3 42.6 5.3 47.9 100.0

0.0 2.2 18.6 0.7 19.3 1.2 20.5 100.0

- 7.7 58.3 0.5 58.8 3.8 62.6 100.0

- 1.2 20.3 86.1 106.4 (43.9) 62.5 100.0

- 1.7 11.0 * 11.0 8.0 19.0 100.0

1.1 4.9 10.8 29.4 40.2 0.4 40.6 100.0

0.2 2.7 6.7 1.1 7.8 1.3 9.1 100.0

12

COMPARISON OF TOTAL ASSETSAS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)

SHARE SHARE SHARE 2001 over 2000 over

(%) (%) (%) 2000 1999

(Million Baht)

Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand


1. Bangkok Bank 1,249,031 22.0 1,236,384 22.5 1,182,878 21.8 1.0 4.5

2. Krung Thai Bank 976,510 17.2 990,028 18.0 994,819 18.3 (1.4) (0.5)

3. Thai Farmers Bank 774,385 13.7 767,195 14.0 727,438 13.4 0.9 5.5

4. The Siam Commercial Bank 716,049 12.6 705,575 12.8 685,387 12.6 1.5 2.9

5. Bank of Ayudhya 438,560 7.7 430,606 7.8 441,594 8.1 1.8 (2.5)

6. The Thai Military Bank 367,452 6.5 337,574 6.2 335,007 6.2 8.9 0.8

7. Siam City Bank 298,892 5.3 258,227 4.7 270,787 5.0 15.7 (4.6)

8. BankThai 271,338 4.8 233,457 4.3 236,305 4.4 16.2 (1.2)

9. Bangkok Metropolitan Bank 191,157 3.4 164,870 3.0 161,418 3.0 15.9 2.1

10.Bank of Asia 159,372 2.8 155,742 2.8 156,839 2.9 2.3 (0.7)

11.The DBS Thai Danu Bank 99,019 1.8 87,481 1.6 107,709 2.0 13.2 18.8)

12.Standard Chartered Nakornthon Bank 69,920 1.2 72,295 1.3 63,481 1.2 (3.3) 13.9

13.UOB Radanasin Bank 54,929 1.0 54,115 1.0 60,512 1.1 1.5 10.6)

Sub-Total 5,666,614 100.0 5,493,549 100.0 5,424,174 100.0 3.2 1.3


1. Sumitomo Mitsui Banking Corporation 117,318 15.8 - - - - - -

2. Citibank 107,124 14.4 95,677 12.5 89,933 11.7 12.0 6.4

3. The Dai-Ichi Kangyo Bank 104,594 14.0 57,436 7.5 54,125 7.1 82.1 6.1

4. The Bank of Tokyo-Mitsubishi 97,049 13.0 99,558 13.0 107,316 14.0 (2.5) (7.2)

5. The Hongkong and Shanghai Banking Corporation 61,689 8.3 60,626 7.9 59,829 7.8 1.8 1.3

6. Deutsche Bank 60,414 8.1 52,097 6.8 48,382 6.3 16.0 7.7

7. Standard Chartered Bank 45,345 6.1 45,624 6.0 47,840 6.2 (0.6) (4.6)

8. ABN-AMRO Bank 27,400 3.7 33,354 4.4 34,085 4.5 (17.9) (2.1)

9. Bank of America 27,017 3.6 16,516 2.2 22,871 3.0 63.6 27.8)

10.JP Morgan Chase Bank 27,017 3.6 30,879 4.0 32,338 4.2 (12.5) (4.5)

11.Credit Agricole Indosuez 21,604 2.9 15,635 2.0 20,273 2.7 38.2 22.9)

12.BNP Paribas 13,110 1.8 12,125 1.6 13,547 1.8 8.1 10.5)

13.Bank of China 12,460 1.7 13,269 1.7 14,636 1.9 (6.1) (9.3)

14.The Bank of Nova Scotia 8,001 1.1 8,003 1.1 7,989 1.0 (0.0) 0.2

15.The International Commercial Bank of China 5,532 0.7 6,671 0.9 6,426 0.8 (17.1) 3.8

16.RHB Bank 3,430 0.5 2,214 0.3 1,893 0.2 54.9 17.0

17.Oversea-Chinese Banking Corporation 3,210 0.4 4,968 0.7 6,020 0.8 (35.4) 17.5)

18.Bharat Overseas Bank 2,542 0.3 2,308 0.3 2,249 0.3 10.1 2.6

19.The Sakura Bank - - 87,491 11.4 78,510 10.3 - 11.4

20.The Sumitomo Bank - - 59,994 7.8 59,557 7.8 - 0.7

21.The Industrial Bank of Japan - - 52,857 6.9 50,306 6.6 - 5.1

22.Dresdner Bank - - 7,896 1.0 7,857 1.0 - 0.5

Sub-Total 744,856 100.0 765,198 100.0 765,982 100.0 (2.7) (0.1)

Total 6,411,470 - 6,258,747 - 6,190,156 - 2.4 1.1

13

Sources : Economic Data and Accounting Syem office, NESDBBank of Thailand

TOTAL ASSETS OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)

Source : Form C.B. 1.1, Bank of Thailand

TOTAL ASSETS* COMPARED WITH GDP 1/ 2/

(BILLION BAHT)

GDP

Total Assets

* including interbank transactionsp = preliminary based on annual figure p1 = without annual figure

1/ The NESDB has improved the compilation of National Accounts data and rebased base year from 1972 to 1988. The new services were revised back to 1980.

2/ In March 2002 the NESDB has revised the annual GDP back to 1993.

14

COMPARISON OF EARNING ASSETS 1/

AS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)


(%) (%) (%) 2000 1999

(Million Baht)

1/ Comprising advances (net of allowance for doubtful accounts) and investment in securities.Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand


1. Bangkok Bank 913,176 24.3 901,818 23.5 899,788 21.4 1.3 0.2

2. The Siam Commercial Bank 557,721 14.8 584,895 15.3 575,427 13.7 (4.6) 1.6

3. Thai Farmers Bank 550,905 14.7 539,607 14.1 557,305 13.2 2.1 (3.2)

4. Krung Thai Bank 433,620 11.5 408,061 10.7 754,745 17.9 6.3 (45.9)

5. Bank of Ayudhya 366,461 9.8 342,889 8.9 353,981 8.4 6.9 (3.1)


7. BankThai 159,476 4.2 152,282 4.0 161,089 3.8 4.7 (5.5)

8. Bank of Asia 126,954 3.4 128,066 3.3 135,031 3.2 (0.9) (5.2)

9. Siam City Bank 110,710 3.0 207,003 5.4 221,560 5.3 (46.5) (6.6)

10.The DBS Thai Danu Bank 81,884 2.2 70,260 1.8 89,176 2.1 16.5 (21.2)

11.Bangkok Metropolitan Bank 60,653 1.6 131,720 3.4 128,944 3.1 (54.0) 2.2


13.UOB Radanasin Bank 22,294 0.6 9,581 0.3 5,241 0.1 132.7 82.8

Sub-Total 3,756,190 100.0 3,832,532 100.0 4,213,915 100.0 (2.0) (9.1)





4. Citibank 86,442 15.1 80,416 13.7 73,700 12.3 7.5 9.1


6. Standard Chartered Bank 28,572 5.0 32,495 5.5 31,645 5.3 (12.1) 2.7

7. ABN-AMRO Bank 24,317 4.3 23,821 4.1 30,571 5.1 2.1 (22.1)

8. JP Morgan Chase Bank 24,222 4.2 26,615 4.5 31,084 5.2 (9.0) (14.4)

9. Deutsche Bank 24,085 4.2 22,382 3.8 22,301 3.7 7.6 0.4

10.Bank of America 12,938 2.3 10,588 1.8 14,203 2.4 22.2 (25.5)

11.BNP Paribas 11,852 2.1 11,531 2.0 12,910 2.2 2.8 (10.7)

12.Credit Agricole Indosuez 10,514 1.8 11,138 1.9 15,962 2.7 (5.6) (30.2)

13.Bank of China 5,552 1.0 5,776 1.0 5,458 0.9 (3.9) 5.8

14.The Bank of Nova Scotia 5,277 0.9 6,548 1.1 5,030 0.8 (19.4) 30.2

15.The International Commercial Bank of China 4,603 0.8 5,369 0.9 5,577 0.9 (14.3) (3.7)

16.Oversea-Chinese Banking Corporation 2,926 0.5 4,667 0.8 5,550 0.9 (37.3) (15.9)

17.Bharat Overseas Bank 2,336 0.4 2,252 0.4 2,080 0.3 3.7 8.3

18.RHB Bank Berhad 2,286 0.4 1,348 0.2 1,430 0.2 69.6 (5.7)

19.The Sakura Bank - - 61,812 10.6 65,980 11.0 - (6.3)



22.Dresdner Bank - - 6,813 1.2 10,736 1.8 - (36.5)

Sub-Total 571,973 100.0 585,412 100.0 598,932 100.0 (2.3) (2.3)

Total 4,328,163 - 4,417,944 - 4,812,847 - (2.0) (8.2)

15

EARNING ASSETS OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)

EARNING ASSETS OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)





16

COMPARISON OF DEPOSITSAS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)


(%) (%) (%) 2000 1999

(Million Baht)

Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand


1. Bangkok Bank 1,071,931 22.3 1,033,511 22.3 957,172 21.8 3.7 8.0

2. Krung Thai Bank 866,955 18.1 844,007 18.2 802,102 18.3 2.7 5.2

3. Thai Farmers Bank 664,846 13.8 647,333 14.0 608,734 13.9 2.7 6.3

4. The Siam Commercial Bank 600,990 12.5 593,104 12.8 562,642 12.8 1.3 5.4

5. Bank of Ayudhya 372,250 7.8 358,692 7.8 356,098 8.1 3.8 0.7


7. Siam City Bank 262,153 5.5 232,895 5.0 215,832 4.9 12.6 7.9

8. Bangkok Metropolitan Bank 173,389 3.6 167,428 3.6 155,416 3.5 3.6 7.7

9. BankThai 168,935 3.5 172,569 3.7 170,075 3.9 (2.1) 1.5

10.Bank of Asia 139,419 2.9 134,390 2.9 124,742 2.8 3.7 7.7



13.UOB Radanasin Bank 42,045 0.9 48,472 1.1 42,051 1.0 (13.3) 15.3

Sub-Total 4,798,630 100.0 4,629,858 100.0 4,392,106 100.0 3.6 5.4


1. Citibank 54,476 20.9 49,059 21.0 49,166 22.8 11.0 (0.2)

2. The Bank of Tokyo-Mitsubishi 48,294 18.5 46,230 19.7 42,157 19.5 4.5 9.7




6. Deutsche Bank 19,431 7.5 14,792 6.3 12,505 5.8 31.4 18.3


8. ABN-AMRO Bank 4,612 1.8 5,199 2.2 2,154 1.0 (11.3) 141.4

9. Bank of America 4,096 1.6 3,809 1.6 4,475 2.1 7.5 (14.9)

10.Credit Agricole Indosuez 4,030 1.5 4,064 1.7 6,421 3.0 (0.8) (36.7)

11.The International Commercial Bank of China 3,446 1.3 3,413 1.5 3,388 1.6 1.0 0.7

12.JP Morgan Chase Bank 2,505 1.0 4,176 1.8 3,720 1.7 (40.0) 12.3

13.Bharat Overseas Bank 1,994 0.8 1,706 0.7 1,715 0.8 16.9 (0.5)

14.Bank of China 1,177 0.4 1,182 0.5 1,111 0.5 (0.4) 6.4

15.The Bank of Nova Scotia 1,164 0.4 1,095 0.5 1,181 0.5 6.3 (7.3)

16.BNP Paribas 1,078 0.4 1,224 0.5 1,471 0.7 (11.9) (16.8)

17.Oversea-Chinese Banking Corporation 978 0.4 986 0.4 1,065 0.5 (0.8) (7.4)

18.RHB Bank Berhad 969 0.4 920 0.4 774 0.4 5.3 18.9

19.The Sakura Bank - - 29,869 12.8 26,820 12.4 - 11.4



22.Dresdner Bank - - 242 0.1 1,725 0.8 - (86.0)

Sub-Total 260,499 100.0 234,126 100.0 215,765 100.0 11.3 8.5

Total 5,059,129 - 4,863,984 - 4,607,871 - 4.0 5.6

17

Source : Bank of Thailand 1/ Including interbank deposits

Source : Forms C.B. 1.1, C.B. 1.2, Bank of Thailand

Other Provinces Bangkok Metropolis

DOMESTIC DEPOSITS1/ OF COMMERCIAL BANKS(BILLION BAHT)

DEPOSITS OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)

18

2001

SIZES OF DEPOSITS DEMAND DEPOSITS TIME DEPOSITS

CURRENT OTHERS LESS THAN 1 YEAR TO LESS THAN 2 YEARS ACCOUNTS 1 YEAR 2 YEARS AND OVER

DEPOSITS OF COMMERCIAL BANKS CLASSIFIED BY DEPOSITORAS AT DECEMBER 31, 2001

DEPOSITS OF COMMERCIAL BANKS CLASSIFIED BY SIZEAS AT DECEMBER 31

(Million Baht)

DEPOSITORS DEMAND % SAVINGS % TIME % TOTAL %

1. Government 12,214 8.9 87,738 5.4 140,288 4.2 240,240 4.7

2. State Enterprises 2,791 2.0 81,640 5.0 83,042 2.5 167,473 3.3

3. Municipalities 393 0.3 15,538 1.0 14,027 0.4 29,958 0.6

4. Domestic Financial Institutions 10,373 7.6 49,061 3.0 44,065 1.3 103,499 2.1

Commercial Banks 2,132 1.6 1,040 0.1 248 0.0 3,420 0.1

Government Savings Bank 911 0.7 1,031 0.1 1,960 0.1 3,902 0.1

Bank for Agriculture and Agricultural Co-operatives 177 0.1 517 0.0 0 0.0 694 0.0

The Government Housing Bank 12 0.0 23 0.0 0 0.0 35 0.0

Export-Import Bank of Thailand (EXIM) 95 0.1 76 0.0 0 0.0 171 0.0

Finance Companies 1,180 0.9 3,161 0.2 2,056 0.0 6,397 0.1

Finance & Securities Companies 1,959 1.4 11,108 0.7 807 0.0 13,874 0.3

Securities Companies 1,984 1.5 2,222 0.1 1,688 0.0 5,894 0.1

Mutual Fund Companies 145 0.1 6,588 0.4 1,703 0.1 8,436 0.2

Industrial Finance Corporation of Thailand 443 0.3 865 0.1 87 0.0 1,395 0.0

Life Insurance Companies 447 0.3 4,401 0.2 17,744 0.5 22,592 0.5

Credit Foncier Companies 47 0.0 102 0.0 97 0.0 246 0.0

Other Finance Institutions 841 0.6 17,927 1.1 17,675 0.5 36,443 0.7

5. Business Sector 67,462 49.5 409,140 25.2 280,201 8.5 756,803 14.9

6. Private Individuals 33,686 24.7 931,606 57.3 2,606,669 78.6 3,571,961 70.3

7. Non-Profit Seeking Institutions 1,524 1.1 20,139 1.2 126,401 3.8 148,064 2.9

8. Overseas Financial Institutions 4,622 3.4 1,830 0.1 42 0.0 6,494 0.1

9. Non-Residents 3,347 2.5 28,643 1.8 22,235 0.7 54,225 1.1

Total 136,412 100.0 1,625,335 100.0 3,316,970 100.0 5,078,717 100.0

Source : Tables 31 accompanying Form C.B. 3, (include IBF operation Out in / Out out, but exclude Stand - Alone IBFs.) Bank of Thailand

Less than Baht 100,000No. of A/C 1,413,180 262,045 4,103,317 2,352,707 674,017Million Baht 9,347 770 71,877 21,511 11,566

Baht 100,000 - Less than Baht 500,000No. of A/C 67,331 5,297 1,076,115 214,796 132,021Million Baht 15,154 1,117 238,597 49,323 27,512

Baht 500,000 - Less than Baht 1,000,000No. of A/C 14,998 792 274,905 52,945 32,089Million Baht 10,499 556 195,137 39,643 28,564

Baht 1,000,000 - Less than Baht 10,000,000No. of A/C 16,370 686 371,867 67,102 70,125Million Baht 43,021 1,562 920,271 179,677 223,652

Baht 10,000,000 and OverNo. of A/C 1,565 56 26,335 6,185 6,694Million Baht 51,357 3,028 787,467 235,057 287,118

Total No. of A/C 1,513,444 268,876 5,852,539 2,693,735 914,946

Total Million Baht 129,378 7,033 2,213,349 525,211 578,412

Source : Form C.B. 8, (include IBF operation Out-in/out-Out, but exclude Stand-Alone IBFs) Bank of Thailand

19

2000

SAVINGS DEMAND DEPOSITS TIME DEPOSITS SAVINGS

DEPOSITS TOTAL CURRENT OTHERS LESS THAN 1 YEAR TO LESS THAN 2 YEARS DEPOSITS TOTAL ACCOUNTS 1 YEAR 2 YEARS AND OVER

ADVANCES OF COMMERCIAL BANKS CLASSIFIED BY BORROWERAS AT DECEMBER 31, 2001

OVERDRAFTS % LOANS % BILLS % OTHERS % TOTAL %

(Million Baht)

BORROWERS

1. Government 14 0.0 3,734 0.1 9,030 0.9 195 0.2 12,973 0.3

2. State Enterprises 189 0.1 11,604 0.4 19,415 2.0 0 0.0 31,208 0.7

3. Municipalities 2 0.0 0 0.0 0 0.0 0 0.0 2 0.0

4. Domestic Financial Institutions 2,369 0.4 236,048 8.8 399,562 41.2 1,108 1.3 639,087 14.9

Commercial Banks 0 0.0 9,186 0.3 715 0.1 885 1.1 10,786 0.3

Government Savings Bank 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0

Bank for Agriculture and Agricultural Co-operatives 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0

The Government Housing Bank 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0

Export-Import Bank of Thailand (EXIM) 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0

Finance Companies 15 0.0 1,186 0.1 79 0.0 0 0.0 1,280 0.0

Finance & Securities Companies 560 0.1 1,063 0.0 1,391 0.2 118 0.1 3,132 0.1

Securities Companies 38 0.0 205 0.0 429 0.0 0 0.0 672 0.0

Mutual Fund Companies 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0

Industrial Finance Corporation of Thailand 0 0.0 3,852 0.2 0 0.0 0 0.0 3,852 0.1

Life Insurance Companies 16 0.0 125 0.0 0 0.0 105 0.1 246 0.0

Credit Foncier Companies 5 0.0 0 0.0 0 0.0 0 0.0 5 0.0

Other Finance Companies 1,735 0.3 220,431 8.2 396,948 40.9 0 0.0 619,114 14.4

5. Business Sector 230,207 41.5 1,701,089 63.4 494,684 50.9 51,682 63.2 2,477,662 57.8

6. Private Individuals 321,731 58.0 683,159 25.5 48,185 5.0 28,414 34.8 1,081,489 25.2

7. Non-Profit Seeking Institutions 105 0.0 5,885 0.2 35 0.0 0 0.0 6,025 0.1

8. Overseas Financial Institutions 0 0.0 31,146 1.2 376 0.0 223 0.3 31,745 0.7

9. Non-Residents 157 0.0 10,156 0.4 78 0.0 141 0.2 10,532 0.3

Total 554,774 100.0 2,682,821 100.0 971,365 100.0 81,763 100.0 4,290,723 100.0

Source : Tables 31 accompanying Form C.B. 3, (include IBF operation Out-in/Out-Out, but exclude Stand Alone IBFs.) Bank of Thailand

34,558,514 43,363,780 1,373,604 218,589 4,483,749 2,417,086 842,759 31,938,645 41,274,432211,553 326,624 9,130 707 80,417 22,032 13,335 192,029 317,650

1,323,568 2,819,128 60,583 4,788 1,165,182 206,799 123,893 1,119,221 2,680,466271,914 603,617 13,701 934 257,645 47,337 24,549 226,641 570,807

186,804 562,533 12,928 691 293,689 47,144 22,117 149,416 525,985127,729 402,128 9,006 452 209,774 35,374 19,663 101,909 376,178

153,761 679,911 13,955 497 399,981 56,653 44,615 127,117 642,818373,036 1,741,219 36,425 1,124 1,030,342 152,559 151,247 312,733 1,684,430

12,977 53,812 1,208 25 31,257 5,372 4,954 11,119 53,935641,103 2,005,130 45,218 1,445 909,423 229,359 227,716 521,332 1,934,493

36,235,624 47,479,164 1,462,278 224,590 6,373,858 2,733,054 1,038,338 33,345,518 45,177,636

1,625,335 5,078,718 113,480 4,662 2,487,601 486,661 436,510 1,354,644 4,883,558

20

COMPARISON OF ADVANCES 1/ (TOTAL CREDITS)AS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)


(%) (%) (%) 2000 1999

(Million Baht)

Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand 1/ Net of allowance for doubtful accounts


1. Bangkok Bank 649,749 21.8 728,171 22.4 754,898 20.5 (10.8) (3.5)

2. Thai Farmers Bank 437,440 14.6 455,830 14.0 467,123 12.7 (4.0) (2.4)

3. The Siam Commercial Bank 432,914 14.5 462,854 14.2 468,851 12.7 (6.5) (1.3)

4. Krung Thai Bank 390,567 13.1 375,258 11.5 708,921 19.3 4.1 (47.1)

5. Bank of Ayudhya 331,424 11.1 316,935 9.7 327,192 8.9 4.6 (3.1)

6. The Thai Military Bank 264,029 8.8 258,816 7.9 261,081 7.1 2.0 (0.9)

7. BankThai 120,312 4.0 135,996 4.2 143,162 3.9 (11.5) (5.0)

8. Bank of Asia 105,100 3.5 109,846 3.4 108,187 2.9 (4.3) 1.5

9. The DBS Thai Danu Bank 72,396 2.4 63,435 1.9 80,238 2.2 14.1 (20.9)

10. Siam City Bank 59,662 2.0 171,421 5.3 186,318 5.1 (65.2) (8.0)

11. Standard Chartered Nakornthon Bank 52,297 1.8 51,913 1.6 46,831 1.3 0.7 10.9

12. Bangkok Metropolitan Bank 51,003 1.7 117,904 3.6 119,881 3.3 (56.7) (1.6)

13. UOB Radanasin Bank 20,933 0.7 8,237 0.3 3,341 0.1 154.1 146.5

Sub-Total 2,987,826 100.0 3,256,616 100.0 3,676,024 100.0 (8.3) (11.4)





4. Citibank 69,945 16.1 63,673 13.6 61,794 12.3 9.9 3.0

5. The Hongkong and Shanghai Banking Corporation 25,321 5.8 29,404 6.3 25,628 5.1 (13.9) 14.7


7. JP Morgan Chase Bank 16,993 3.9 20,608 4.4 28,019 5.6 (17.5) (26.4)

8. ABN-AMRO Bank 12,629 2.9 11,626 2.5 18,382 3.7 8.6 (36.8)

9. Deutsche Bank 10,761 2.5 13,408 2.9 14,322 2.9 (19.7) (6.4)

10. BNP Paribas 9,239 2.1 8,814 1.9 10,788 2.2 4.8 (18.3)

11. Bank of America 8,140 1.9 8,419 1.8 11,809 2.3 (3.3) (28.7)

12. Credit Agricole Indosuez 6,786 1.5 11,138 2.4 13,944 2.8 (39.1) (20.1)

13. The International Commercial Bank of China 3,438 0.8 4,268 0.9 4,395 0.9 (19.4) (2.9)

14. Bank of China 2,967 0.7 3,228 0.7 2,784 0.5 (8.1) 15.9

15. Oversea-Chinese Banking Corporation 2,226 0.5 4,030 0.9 4,916 1.0 (44.8) (18.0)

16. The Bank of Nova Scotia 2,182 0.5 3,558 0.8 2,810 0.6 (38.7) 26.6

17. Bharat Overseas Bank 1,685 0.4 1,596 0.3 1,423 0.3 5.6 12.2

18. RHB Bank Berhad 243 0.1 301 0.1 401 0.1 (19.3) (24.9)

19. The Sakura Bank - - 46,275 9.9 52,918 10.5 - (12.6)

20. The Sumitomo Bank - - 45,645 9.8 47,335 9.4 - (3.6)

21. The Industrial Bank of Japan - - 38,550 8.1 37,684 7.5 - 2.3

22. Dresdner Bank - - 4,115 0.9 8,362 1.7 - (50.8)

Sub-Total 433,454 100.0 467,387 100.0 501,556 100.0 (7.3) (6.8)

Total 3,421,280 - 3,724,003 - 4,177,580 - (8.1) (10.9)

21


ADVANCES OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)

22

LOANS AND NON-PERFORMING LOANS OF COMMERCIAL BANKSAS AT DECEMBER 31

NPL LOANS 1/ NPL/LOANS 2/ (%)

DEC' 01 DEC' 00 DEC' 01 DEC' 00 DEC' 01 DEC' 00

(Million Baht)

2001 2000 1999 2/ GROWTH RATE (%)


(%) (%) (%) 2000 1999

BILLS, LOANS AND OVERDRAFTS OF COMMERCIAL BANKS CLASSIFIED BY PURPOSE 1/

AS AT DECEMBER 31

(Million Baht)


Source : Bank of Thailand 1/ Including interbank and out-in BIBF transactions2/ Commencing February 1999 the figure of BankThai also includes those of

Krungthai Thanakit Finance Public Company Limited (KTT) and 12 suspended finance companies

1. Agriculture 105,259 2.4 120,610 2.6 134,970 2.6 (12.7) (10.6)

2. Mining 15,778 0.4 21,931 0.5 29,372 0.6 (28.1) (25.3)3. Manufacturing 1,152,925 26.8 1,321,030 28.7 1,543,109 30.1 (12.7) (14.4)

4. Construction 139,728 3.2 163,106 3.5 223,216 4.4 (14.3) (26.9)5. Real Estate Business 243,253 5.6 339,709 7.4 514,335 10.0 (28.4) (34.0)

6. Imports 106,645 2.5 142,122 3.1 196,064 3.8 (25.0) (27.5)7. Exports 101,428 2.4 127,118 2.7 155,418 3.0 (20.2) (18.2)

8. Wholesale & Retail Trade 580,926 13.5 656,857 14.3 787,362 15.3 (11.6) (16.6)9. Public Utilities 224,061 5.2 220,895 4.8 204,373 4.0 1.4 8.1

10.Banking & Other Financial Business 858,829 19.9 667,971 14.5 392,153 7.6 28.6 70.311.Services 285,739 6.6 313,377 6.8 385,266 7.5 (8.8) (18.7)

12.Personal Consumption 494,790 11.5 511,572 11.1 567,166 11.1 (3.3) (9.8)

Total 4,309,361 100.0 4,606,298 100.0 5,132,804 100.0 (6.4) (10.3)

Private Banks1. Bangkok Bank 106,108 146,567 721,332 791,340 14.71 18.52

2. The Siam Commercial Bank 84,928 94,910 459,070 488,723 18.50 19.423. Thai Farmers Bank 62,723 67,534 478,802 489,733 13.10 13.79

4. Bank of Ayudhya 56,920 73,546 343,305 324,278 16.58 22.685. The Thai Military Bank 33,530 62,704 273,046 270,043 12.28 23.22

6. Bank of Asia 20,167 25,460 110,262 140,792 18.29 18.087. The DBS Thai Danu Bank 4,468 5,293 76,116 68,301 5.87 7.75

8. Standard Chartered Nakornthon Bank 1,228 765 58,199 57,975 2.11 1.329. UOB Radanasin Bank 407 261 47,882 44,171 0.85 0.59

Total Private Bank 370,479 477,040 2,568,014 2,675,356 14.43 17.83

State-Owned Banks1. Krung Thai Bank 64,654 66,586 789,426 793,636 8.19 8.392. BankThai 4,426 6,307 138,746 225,236 3.19 2.80

3. Bangkok Metropolitan Bank 2,242 103,368 141,006 180,839 1.59 57.164. Siam City Bank 146 131,692 208,571 224,769 0.07 58.59

Total State-Owned Bank 71,468 307,953 1,277,749 1,424,480 5.59 21.62

Total 441,947 784,993 3,845,763 4,099,836 11.49 19.15

Source : Bank of Thailand 1/ Prior to loan loss provisions2/ As reported in the Form C.B. 1.1

23

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1996

2001

24

2001 2000

ADVANCES AS ADVANCES AS

DEPOSITS ADVANCES PERCENTAGE DEPOSITS ADVANCES PERCENTAGE D

OF DEPOSITS OF DEPOSITS

ADVANCES 1/ AS PERCENTAGE OF DEPOSITSAS AT DECEMBER 31


1. Bangkok Bank 1,071,931 649,749 60.6 1,033,511 728,171 70.5

2. Thai Farmers Bank 664,846 437,440 65.8 647,333 455,830 70.4

3. The Siam Commercial Bank 600,990 432,914 72.0 593,104 462,854 78.0

4. Krung Thai Bank 866,955 390,567 45.1 844,007 375,258 44.5

5. Bank of Ayudhya 372,250 331,424 89.0 358,692 316,935 88.4

6. The Thai Military Bank 300,894 264,029 87.7 268,588 258,816 96.4

7. BankThai 168,935 120,312 71.2 172,569 135,996 78.8

8. Bank of Asia 139,419 105,100 75.4 134,390 109,846 81.7

9. The DBS Thai Danu Bank 77,173 72,396 93.8 70,385 63,435 90.1

10.Siam City Bank 262,153 59,662 22.8 232,895 171,421 73.6

11.Standard Chartered Nakornthon Bank 57,650 52,297 90.7 58,484 51,913 88.8

12.Bangkok Metropolitan Bank 173,389 51,003 29.4 167,428 117,904 70.4

13.UOB Radanasin Bank 42,045 20,933 49.8 48,472 8,237 17.0

Sub-Total 4,798,630 2,987,826 62.3 4,629,858 3,256,616 70.3


1. Sumitomo Mitsui Banking Corporation 48,168 86,179 178.9 - - -

2. The Dai-Ichi Kangyo Bank 29,263 80,916 276.5 10,018 44,992 449.1

3. The Bank of Tokyo-Mitsubishi 48,294 74,850 155.0 46,230 80,695 174.6

4. Citibank 54,476 69,945 128.4 49,059 63,673 129.8

5. The Hongkong and Shanghai Banking Corporation 19,793 25,321 127.9 19,119 29,404 153.8

6. Standard Chartered Bank 15,025 18,954 126.1 16,444 23,044 140.1

7. JP Morgan Chase Bank 2,505 16,993 678.4 4,176 20,608 493.5

8. ABN-AMRO Bank 4,612 12,629 273.8 5,199 11,626 223.6

9. Deutsche Bank 19,431 10,761 55.4 14,792 13,408 90.6

10.BNP Paribas 1,078 9,239 857.1 1,224 8,814 720.1

11.Bank of America 4,096 8,140 198.7 3,809 8,419 221.0

12.Credit Agricole Indosuez 4,030 6,786 168.4 4,064 11,138 274.1

13.The International Commercial Bank of China 3,446 3,438 99.8 3,413 4,268 125.1

14.Bank of China 1,177 2,967 252.1 1,182 3,228 273.1

15.Oversea-Chinese Banking Corporation 978 2,226 227.6 986 4,030 408.7

16.The Bank of Nova Scotia 1,164 2,182 187.5 1,095 3,558 324.9

17.Bharat Overseas Bank 1,994 1,685 84.5 1,706 1,596 93.6

18.RHB Bank Berhad 969 243 25.1 920 301 32.7

19.The Sakura Bank - - - 29,869 46,275 154.9

20.The Sumitomo Bank - - - 15,134 45,645 301.6

21.The Industrial Bank of Japan - - - 5,445 38,550 708.0

22.Dresdner Bank - - - 242 4,115 1,700.4

Sub-Total 260,499 433,454 166.4 234,126 467,387 199.6

Total 5,059,129 3,421,280 67.6 4,863,984 3,724,003 76.6

Source: Forms C.B. 1.1, C.B. 1.2, Bank of Thailand

25

1999

ADVANCES AS

DEPOSITS ADVANCES PERCENTAGE

OF DEPOSITS

(Million Baht)

ADVANCES AND DEPOSITSOF

COMMERCIAL BANKS 1997-2001(BILLION BAHT)

Source : Forms C.B. 1.1, C.B. 1.2, Bank of Thailand1/ Net of allowance for doubtful accounts

957,172 754,898 78.9

608,734 467,123 76.7

562,642 468,851 83.3

802,102 708,921 88.4

356,098 327,192 91.9

259,843 261,081 100.5

170,075 143,162 84.2

124,742 108,187 86.7

89,269 80,238 89.9

215,832 186,318 86.3

48,130 46,831 97.3

155,416 119,881 77.1

42,051 3,341 7.9

4,392,106 3,676,024 83.7

- - -

6,640 43,611 656.8

42,157 83,503 198.1

49,166 61,794 125.7

17,985 25,628 142.5

18,651 26,728 143.3

3,720 28,019 753.2

2,154 18,382 853.4

12,505 14,322 114.5

1,471 10,788 733.4

4,475 11,809 263.9

6,421 13,944 217.2

3,388 4,395 129.7

1,111 2,784 250.6

1,065 4,916 461.6

1,181 2,810 237.9

1,715 1,423 83.0

774 401 51.8

26,820 52,918 197.3

7,982 47,335 593.0

4,659 37,684 808.8

1,725 8,362 484.8

215,765 501,556 232.5

4,607,871 4,177,580 90.7

26

COMPARISON OF BORROWINGSAS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)


(%) (%) (%) 2000 1999

(Million Baht)


1. Bangkok Bank 78,541 32.4 95,186 33.8 87,513 31.7 (17.5) 8.8

2. Thai Farmers Bank 48,748 20.1 56,052 19.9 54,909 19.9 (13.0) 2.1

3. Bank of Ayudhya 38,419 15.9 42,086 15.0 48,010 17.4 (8.7) (12.3)

4. The Thai Military Bank 27,565 11.4 32,738 11.6 28,711 10.4 (15.8) 14.0

5. The Siam Commercial Bank 25,522 10.5 25,603 9.1 22,103 8.0 (0.3) 15.8

6. The DBS Thai Danu Bank 8,068 3.3 9,466 3.4 8,996 3.3 (14.8) 5.2

7. BankThai 5,689 2.4 6,945 2.5 9,823 3.6 (18.1) (29.3)

8. Bank of Asia 4,922 2.0 2,917 1.0 2,908 1.1 68.7 0.3

9. Siam City Bank 4,818 2.0 9,242 3.3 10,208 3.7 (47.9) (9.5)

10.Krung Thai Bank 1 * 316 0.1 2,169 0.8 (99.7) (85.4)

11.Bangkok Metropolitan Bank - - 478 0.2 106 * - 350.9

12.Standard Chartered Nakornthon Bank - - - - - - - -

13.UOB Radanasin Bank - - 200 0.1 200 0.1 - *

Sub-Total 242,293 100.0 281,229 100.0 275,656 100.0 (13.8) 2.0


1. Standard Chartered Bank 1,000 100.0 1,000 46.4 - - 0.0 -

2. Sumitomo Mitsui Banking Corporation - - - - - - - -

3. Citibank - - 1,153 53.6 1,240 100.0 - (7.0)

4. The Dai-Ichi Kangyo Bank - - - - - - - -

5. The Bank of Tokyo-Mitsubishi - - - - - - - -

6. The Hongkong and Shanghai Banking Corporation - - - - - - - -

7. Deutsche Bank - - - - - - - -

8. ABN-AMRO Bank - - - - - - - -

9. Bank of America - - - - - - - -

10.JP Morgan Chase Bank - - - - - - - -

11.Credit Agricole Indosuez - - - - - - - -

12.BNP Paribas - - - - - - - -

13.Bank of China - - - - - - - -

14.The Bank of Nova Scotia - - - - - - - -

15.The International Commercial Bank of China - - - - - - - -

16.RHB Bank Berhad - - - - - - - -

17.Oversea-Chinese Banking Corporation - - - - - - - -

18.Bharat Overseas Bank - - - - - - - -

19.The Sumitomo Bank - - - - - - - -

20.The Sakura Bank - - - - - - - -

21.The Industrial Bank of Japan - - - - - - - -

22.Dresdner Bank - - - - - - - -

Sub-Total 1,000 100.0 2,153 100.0 1,240 100.0 (53.6) 73.6

Total 243,293 - 283,382 - 276,896 - (14.1) 2.3

Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand * Negligible

27

BORROWINGS OF COMMERCIAL BANKS 1997-2001(BILLION BAHT)


28

COMPARISON OF NET WORTH*AS AT DECEMBER 31

2001 2000 1999 GROWTH RATE (%)


(%) (%) (%) 2000 1999

(Million Baht)

NET WORTH OF THAI COMMERCIAL BANKS 1997-2001(BILLION BAHT)



1. Krung Thai Bank 63,456 22.5 65,810 28.4 102,186 32.1 (3.6) (35.6)

2. The Siam Commercial Bank 61,941 21.9 54,615 23.6 57,964 18.2 13.4 (5.8)

3. Bangkok Bank 43,333 15.3 34,014 14.7 44,978 14.1 27.4 (24.4)

4. Thai Farmers Bank 27,071 9.6 25,580 11.0 26,272 8.2 5.8 (2.6)

5. Siam City Bank 17,643 6.2 (1,714) (0.7) 4,587 1.4 1,129.3 (137.4)

6. Bank of Ayudhya 15,158 5.4 15,355 6.6 24,143 7.6 (1.3) (36.4)

7. The Thai Military Bank 13,693 4.8 13,950 6.0 8,864 2.8 (1.8) 57.4

8. BankThai 11,530 4.1 10,790 4.6 17,313 5.4 6.9 (37.7)

9. Bangkok Metropolitan Bank 9,762 3.5 (9,294) (4.0) (5,917) (1.9) 205.0 (57.1)

10.Bank of Asia 8,641 3.1 11,717 5.0 12,293 3.9 (26.3) (4.7)


12.Standard Chartered Nakornthon Bank 3,187 1.1 3,877 1.7 6,102 1.9 (17.8) (36.5)

13.UOB Radanasin Bank 2,729 1.0 3,375 1.5 16,102 5.1 (19.1) (79.0)

Total 282,317 100.0 231,841 100.0 318,684 100.0 21.8 (27.3)

Source : Forms C.B.1.1, C.B.1.2, Bank of Thailand * Shareholders’ equity

29

TOTAL INCOME 100.0 100.0 100.0 100.0 100.0NET INTEREST INCOME 65.0 60.1 36.7 39.6 72.0NON-INTEREST INCOME 35.0 39.9 63.3 60.4 28.0

Fees and Service Charges 23.4 23.4 30.2 28.2 13.3Gains on Exchange 3.3 2.1 7.3 24.0 12.5Other Income 8.3 14.3 25.8 8.2 2.1

NON-INTEREST EXPENSES 100.0 100.0 100.0 100.0 100.0Personnel Expenses 31.9 30.4 28.1 24.3 34.9Premises and equipment 17.6 16.1 14.4 13.1 15.0Taxes and Duties 7.2 7.6 7.1 11.6 15.8Fees and Service Charges 4.8 4.4 4.2 2.7 2.4Directors’ remuneration 0.1 0.1 0.1 0.1 0.2Contribution to FIDF 14.7 13.5 11.9 10.4 -Loss on sales of investment 3.6 2.7 3.8 5.9 13.2Loss on sales of securities 0.4 1.9 9.0 22.5 -Other Expenses 19.7 23.2 21.4 9.5 18.5

Source: Stock Exchange of Thailand

AMOUNT (Million Baht) GROWTH (%)

2001 2000 1999 1998 2001 2000 1999

TOTAL INCOME AND EXPENSES OF THAI BANKSFOR YEARS ENDED DECEMBER 31, 2001

2001 2000 1999 1998 1997

%

STRUCTURE OF INCOME AND EXPENSES OF THAI BANKSFOR YEARS ENDED DECEMBER 31, 2001

Source : Stock Exchange of Thailand * Negligible

1. INTEREST AND DIVIDEND INCOMELoans and DepositsInterbank and money market itemsGovernment Securities & Securities Guaranteed by the GovernmentOther Securities2. INTEREST EXPENSESDepositsInterbank and money market itemsShort-term BorrowingsLong-term BorrowingsBonds3. NET INTEREST INCOME (1-2)4. NON-INTEREST INCOMEFees and Service ChargesGains on ExchangeOther Income

TOTAL INCOME (3+4)5. PROVISION FOR POSSIBLE LOAN LOSSES6. NON-INTEREST EXPENSESPersonnel ExpensesPremises and equipmentTaxes and DutiesFees and Service ChargesDirectors’ remunerationContribution to FIDFLoss on sales of investmentLoss on sales of securitiesOther Expenses

246,656 255,569 281,418 534,719 (3.5) (9.2) (47.4)185,368 185,124 215,271 452,964 0.1 (14.0) (52.5)30,490 39,399 34,487 59,728 (22.6) 14.2 (42.3)

0.0 24,535 24,295 16,542 (100.0) 1.0 46.930,798 6,512 7,366 5,485 372.9 (11.6) 34.3

152,088 179,576 248,038 496,225 (15.3) (27.6) (50.0)118,711 142,015 207,287 431,689 (16.4) (31.5) (52.0)

6,252 9,943 15,294 52,223 (37.1) (35.0) (70.7)3,879 143 56 227 2,612.6 155.4 (75.3)

23,204 27,255 25,337 12,084 (14.9) 7.6 109.742 220 65 2 (80.9) 238.5 3,150.0

94,568 75,994 33,380 38,494 24.4 127.7 (13.3)50,860 50,461 57,493 58,705 0.8 (12.2) (2.1)34,026 29,643 27,424 27,405 14.8 8.1 0.14,731 2,675 6,595 23,282 76.9 (59.4) (71.7)

12,103 18,143 23,475 8,018 (33.3) (22.7) 192.8145,428 126,455 90,874 97,199 15.0 39.2 (6.5)13,189 73,070 308,163 277,726 (82.0) (76.3) 11.0

120,615 121,079 137,272 155,893 (0.4) (11.8) (11.9)38,427 36,782 38,509 37,821 4.5 (4.5) 1.821,252 19,446 19,768 20,436 9.3 (1.6) (3.3)8,655 9,240 9,782 18,126 (6.3) (5.5) (46.0)5,848 5,320 5,723 4,283 9.9 (7.0) 33.6

177 162 127 128 9.3 27.6 (0.8)17,688 16,369 16,376 16,169 8.1 * 1.34,321 3,289 5,215 9,134 31.4 (36.9) (42.9)

528 2,339 12,392 35,032 (77.4) (81.1) (64.6)23,719 28,133 29,381 14,764 (15.7) (4.2) 99.0

30


1. Bangkok Metropolitan Bank 49,617 26.0 97.3 508.3 16.05

2. Siam City Bank 38,075 12.7 63.8 215.8 14.98

3. Bangkok Bank 6,484 0.5 1.0 15.0 4.42

4. BankThai 1,071 0.4 0.9 9.3 0.73

5. Thai Farmers Bank 1,008 0.1 0.2 3.7 0.43

6. Standard Chartered Nakornthon Bank 736 1.1 1.4 23.1 (1.05)

7. The Thai Military Bank 655 0.2 0.3 4.8 0.33

8. The Siam Commercial Bank 405 0.1 0.1 0.7 0.50

9. The DBS Thai Danu Bank 170 0.2 0.2 4.1 0.10

10. Krung Thai Bank (4,416) (0.5) (1.1) (7.0) (0.36)

11. Bank of Asia (3,812) (2.4) (3.6) (44.1) (1.00)

12. Bank of Ayudhya (2,667) (0.6) (0.8) (17.6) (1.44)

13. UOB Radanasin Bank (669) (1.2) (3.2) (25.5) (0.8011)


1. The Hongkong and Shanghai Banking Corporation 2,296 3.7 9.1 - -

2. Citibank 2,113 2.0 3.0 - -

3. Deutsche Bank 545 0.9 5.1 - -

4. JP Morgan Chase Bank 411 1.5 2.4 - -

5. Credit Agricole Indosuez 332 1.5 4.9 - -

6. ABN AMRO Bank 252 0.9 2.0 - -

7. Standard Chartered Bank 231 0.5 1.2 - -

8. Bank of America 150 0.6 1.8 - -

9. The Bank of Tokyo-Mitsubishi 1/ 139 0.1 0.2 - -

10. The International Commercial Bank of China 75 1.4 2.2 - -

11. Bharat Overseas Bank 1/ 56 2.2 3.3 - -

12. The Sumitomo Mitsui Banking Corporation 1/ 39 * 0.1 - -

13. RHB Bank Berhad 2/ 23 0.7 9.5 - -

14. Oversea-Chinese Banking Corporation (1,503) (46.8) (67.5) - -

15. The Dai-Ichi Kangyo Bank 1/ (1,202) (1.2) (1.5) - -

16. The Bank of China (479) (3.8) (16.1) - -

17. The Bank of Nova Scotia (215) (2.7) (9.9) - -

18. BNP Paribas (146) (1.1) (1.6) - -

NET PROFITS

FOR THE YEAR ENDED DECEMBER 31, 2001

AS AS AS NET PROFITS

NET PROFITS PERCENTAGE PERCENTAGE PERCENTAGE PER SHARE

(MILLION BAHT) OF ASSETS OF ADVANCES OF NET WORTH (BAHT)

Source : Compiled from individual banks 1/ Accounting year ended in March 2002

2/ Accounting year ended in June 2002

3/ Unaudited * Negligible

3/

3/

3/

3/

3/

31

2001 2000 1999

(Per cent per annum)

STRUCTURE OF INTEREST RATES AS AT DECEMBER 31

MONEY MARKET AND BOND RATES : Interbank overnight lending rates (average) 1/ 2.14 1.70 1.23Min 1.50 1.23 0.89Max 3.00 2.17 1.55

Repurchase rates 1/ 1 day 2.12 1.22 0.637 days 2.20 1.31 0.9414 days 2.46 1.50 1.481 month 2.49 2.00 2.442 months 2.49 2.38 2.943 months 2.63 2.44 2.946 months n.a. n.a. n.a.

Bank of Thailand bonds 1 month n.a. n.a. n.a.3 months n.a. n.a. n.a.6 months n.a. n.a. n.a.1 year n.a. n.a n.a.2 years n.a. n.a. n.a.

State enterprise bonds 2/ 3/ 3.40 5.09 6.40

COMMERCIAL BANKS 4/ 5/ : Loan rates : Ceiling rates 10.25-11.50 11.00-12.25 11.25-12.25Minimum overdraft rates (MOR) 7.50-8.00 8.00-8.75 8.50-8.75Minimum loan rates (MLR) 7.00-7.50 7.50-8.25 8.25-8.50Minimum retail rates (MRR) 7.50-8.00 8.00-8.75 8.50-9.00

Deposit rates : Savings deposits 1.75 2.50 3.00Time deposits :3 months 2.25 3.00 3.75

6 months 2.25-2.50 3.00 3.7512 months 2.75-3.00 3.50 4.00-4.252 years 3.25-3.50 4.00-4.25 4.25-5.002 years and over 4.00 5.00 n.a.

1/ Average2/ Weighted average interest rates of new issues in each month.Source : Bank of Thailand

3/ Almost all of the state enterprise bonds have initial maturities of 3-10 years.4/ The figures have been quoted by the 5 largest commercial banks since January 2000

5/ Interest rates used for retail customers

* Including Head Office** Bangkok Bank's Kuala Lumpur Branch was transformed

into a local company named Bangkok Bank Berhad in September 1994

NUMBER OF OFFICES OF THAI COMMERCIAL BANKSAS AT DECEMBER 31, 2001

OFFICES IN THAILAND

TOTAL BANGKOK METROPOLIS * PROVINCIAL TOTAL BRANCH SUB- REPRESEN-

BRANCH SUB-BRANCH BRANCH SUB-BRANCH BRANCH TATIVE

Banks Incorporated in Thailand 1. Krung Thai Bank 610 113 30 433 34 7 7 - - 2. Bangkok Bank 570 120 31 364 55 22 17** 3 2 3. Thai Farmers Bank 530 119 39 328 44 9 4 - 5 4. The Siam Commercial Bank 477 112 32 270 63 4 4 - - 5. Bank of Ayudhya 403 105 25 224 49 3 3 - - 6. The Thai Military Bank 364 82 35 236 11 3 3 - - 7. Siam City Bank 210 43 20 127 20 1 1 - - 8. Bangkok Metropolitan Bank 177 56 9 100 12 - - - - 9. Bank of Asia 119 42 29 43 5 1 1 - -10. BankThai 79 42 5 29 3 - - - -11. The DBS Thai Danu Bank 62 29 4 28 1 1 1 - -12. Standard Chartered Nakornthon Bank 45 27 6 11 1 - - - -13. UOB Radanasin Bank 37 18 2 16 1 - - - -

Sub-Total 3,683 908 267 2,209 299 51 41 3 7

Banks Incorporated Abroad 18 18 - - - - - -

TOTAL 3,701 926 267 2,209 299 51 41 3 7

OVERSEAS OFFICES

Source : Bank of ThailandCompiled from individual banks

32

Bangkok Krung Thai The Siam Bank The Thai Siam Bank The DBS

Bank Thai Farmers Commer- of Military City of Thai Danu

Bank Bank cial Bank Ayudhya Bank Bank Asia Bank

BRITISH WEST INDIES

Cayman Islands - - 1 - 1 1 1 1 1

CAMBODIA

Phnom Penh - 1 - - - - - - -

PEOPLE'S REPUBLIC

OF CHINA

Shen Zhen - - 1 - - - - - -

Shantou 1 - - - - - - - -

Shanghai 1 - 1* - - - - - -

Beijing 1* - 1* - - - - - -

Kunming - 1 1* - - - - - -

Nan Ning - - - - - - - - -

Xiamen 1 - - - - - - - -

HONG KONG

Central District 1 - - - - - - - -

Western District 1 - - - - - - - -

Kowloon 1 - - - - - - - -

Connaught Place - - 1 1 1 - - - -

Queensway - - - - - 1 - - -

INDONESIA

Jakarta 1 - - - - - - - -

Mumbai - 1 - 1 - - - - -

JAPAN

Tokyo 1 - - - - - - - -

Osaka 1 - - - - - - - -

LAO PEOPLE'S DEMOCRATIC

REPUBLIC (LAO P.D.R)

Vientiane 1 1 - 1 1 1 - - -

MALAYSIA 1** - - - - - - - -

MYANMAR

Yangon 1* 1* - - - - - - -

THE PHILIPPINES

Metro Manila 1 - - - - - - - -

SINGAPORE 1 1 - 1 - - - - -

TAIWAN

Taipei 1 - - - - - - - -

Kaohsiung (1) - - - - - - - -

Taichung (1) - - - - - - - -

UNITED KINGDOM

London 1 - 1* - - - - - -

USA

New York 1 1 1* - - - - - -

Los Angeles - 1 1 - - - - - -

San Francisco - - - - - - - - -

THE SOCIALIST REPUBLIC

OF VIETNAM

Ho Chi Minh City 1 - - - - - - - -

Hanoi (1) 1* - - - - - - -

OVERSEAS OFFICES OF BANKS INCORPORATED IN THAILAND

( ) Sub-branches * Representative offices

Source : Compiled from individual banks

** Bangkok Bank’s Kuala Lumpur Branch was transformed

into a local company named Bangkok Bank Berhad in September 1994

33

BANGKOK INTERNATIONAL BANKING FACILITIES

DATE OF

OPENINGTELEPHONEADDRESSES


1. Bangkok Bank 333 Silom Rd, Head Office Building (24th. Fl.) 1 Apr. 1993 0-2230-1500

2. Bank of Asia 191 South Sathon Road, Head Office Building 5 Apr. 1993 0-2287-2211 - 3

3. Bank of Ayudhya 1222 Rama III Road, Head Office Building (15th. Fl.) 1 Apr. 1993 0-2296-2000

4. The DBS Thai Danu Bank 393 Silom Road, Head Office Building 1 Apr. 1993 0-2230-5000

5. Krung Thai Bank 35 Sukhumvit Road, Head Office Building 25 Mar. 1993 0-2255-2222

6. Siam City Bank 1101 New Phetchaburi Road, Head Office Building (7th. Fl.) 15 Apr. 1993 0-2208-5000

7. Standard Chartered Nakornthon Bank 90 North Sathorn Road, Head Office Building (8A. th. Fl.) 1 Apr. 1993 0-2724-4000

8. Thai Farmers Bank 1 Ratburana Road, Head Office Building (18th. Fl.) 25 Mar. 1993 0-2470-1122, 0-2470-1199

9. The Siam Commercial Bank 9 Ratchadaphisek Road, Head Office Building (20th. Fl.) 24 Mar. 1993 0-2544-1111, 0-2937-7777

10. The Thai Military Bank 3000 Phahonyothin Road, Head Office Building (10 th. Fl.) 19 Apr. 1993 0-2299-1111

Existing Foreign Bank Branches

1. ABN AMRO Bank 179/3 South Sathon Road, Bangkok City Tower 8 Oct. 1993 0-2679-5900

2. Bank of America 2/2 Wireless Road, Lumpini 19 Apr. 1993 0-2251-6333

3. BNP Paribas 990 Rama IV Road, Abdulrahim Building 9 Nov. 1993 0-2636-1900

4. Citibank 82 North Sathon Road, Sangthongthanee Building 2 Jul. 1993 0-2232-2000, 0-2232-3100

5. Credit Agricole Indosuez 152 Wireless Road, Indosuez House Lumpini 26 Mar. 1993 0-2651-4590 - 2

6. Deutsche Bank 208 Wireless Road, Lumpini 1 Apr. 1993 0-2651-5000

7. Oversea-Chinese Banking Corporation 942/80 Rama IV Road, Bangrak 1 Feb. 1995 0-2236-6730 - 5

8. Standard Chartered Bank 100 North Sathon Road, Sathon Nakorn Tower (8A. th. Fl.) 16 Apr. 1993 0-2724-4000

9. The Bank of China 179/4 South Sathon Road, Bangkok City Tower 21 Feb. 1994 0-2286-1010

10. The Bank of Nova Scotia 898 Ploenchit Road, Ploenchit Tower 24 Feb. 1994 0-2263-0303

11. The Bank of Tokyo-Mitsubishi 54 North Sathon Road, Harindhorn Tower, Bangrak 1 Apr. 1993 0-2266-3011 - 35

12. JP Morgan Chase Bank 20 North Sathon Road, Bangrak 23 Apr. 1993 0-2684-2000

13. The Dai-Ichi Kangyo Bank 48 North Sathon Road, Tisco Building (18th Fl.) 3 Sept. 1993 0-2638-0200 - 5

14. The Hongkong and Shanghai Banking Corporation 968 Rama IV Road, Bangrak 15 Apr. 1993 0-2614-4000

15. The Sumitomo Mitsui Banking Corporation 138 Silom Road, Bangrak 30 Apr. 1993 0-2353-8000

New Foreign Banks

1. American Express Bank 388 Phahonyothin Road, S.P. Tower 4B 11 Oct. 1993 0-2273-0066

2. Credit Lyonnais 191 Silom Road, Silom Complex Building (15th Fl.) 15 Dec. 1993 0-2231-3933 - 4

3. Fortis Bank 191 Silom Road, Silom Complex Building (17th Fl.) 25 Nov. 1997 0-2266-2656 - 66

4. ING Bank N.V. 130-132 Wireless Road, Sindhorn Tower I (7th Fl.) 1 Dec. 1993 0-2263-3301 - 14

5. Overseas Union Bank 183 Rajadamri Road, Regent House (9th Fl.) 3 Jan. 1995 0-2254-9400 - 1

6. Societe Generale 622 Sukhumvit 24 Road, Khlong Toei, Emporium Tower (11th Fl.) 1 Oct. 1993 0-2237-9399

7. The Bank of New York 32/47 Sukhumvit 21 (Asoke) Road, Sino-Thai Tower (18th Fl.) 1 Mar. 1994 0-2261-4374 - 7

8. The Fuji Bank 38 Convent Road, Silom Q-House Convent (6th Fl.) 17 Sep. 1997 0-2632-1900

9. The Sanwa Bank 93/1 Wireless Road, Lumpini Patumwan, Room 1101-1102 15 Jun. 1993 0-2252-2263 - 5

10. The Tokai Bank 179/117-119 South Sathorn Road, Bangkok City Tower (28th Fl.) 20 Jun. 1997 0-2287-3373

11. United Overseas Bank 690 Sukhumvit Road, UOB Radanasin Bank Building (10th Fl.) 16 Sep. 1994 0-2259-6220 - 1

Sources : Bank of Thailand,

34

(%) (%) 2001 2000 2001 2001 2000 2001 2000 2001 2001 2000

(%) (%) 2001 2000 2001 2001 2000 2001 2000 2001 2001 2000

ASSETS LIABILITIES

Million Baht Growth Share (%) Million Baht Growth Share (%)

ASSETS LIABILITIES

Million Baht Growth Share (%) Million Baht Growth Share (%)

BIBF ASSETS AND LIABILITIES (THAI BANKS)AS AT DECEMBER 31

BIBF ASSETS AND LIABILITIES (FOREIGN BANKS)AS AT DECEMBER 31

1. Bangkok Bank 12,621.3 20,567.1 (38.6) 30.3 30.8 2.8 134.7 (97.9) 0.3 5.9

2. The Siam Commercial Bank 8,863.9 13,372.5 (33.7) 21.2 20.0 61.4 184.1 (66.6) 6.2 8.0

3. Thai Farmers Bank 6,763.4 7,187.9 (5.9) 16.2 10.8 902.1 867.7 4.0 91.2 37.7

4. Bank of Ayudhya 4,992.6 5,402.8 (7.6) 12.0 8.1 0.0 249.4 (100.0) 0.0 10.8

5. Krung Thai Bank 4,000.7 8,955.2 (55.3) 9.6 13.4 22.0 117.7 (81.3) 2.2 5.1

6. The Thai Military Bank 2,448.9 7,329.2 (66.6) 5.9 11.0 0.1 226.3 (100.0) 0.0 9.8

7. Siam City Bank 1,455.2 3,217.9 (54.8) 3.5 4.8 0.4 0.7 (42.9) 0.0 0.0

8. Bank of Asia 503.4 539.2 (6.6) 1.2 0.8 0.0 35.4 (100.0) 0.0 1.5

9. The DBS Thai Danu Bank 23.6 26.5 (10.9) 0.1 0.0 0.5 5.1 (90.2) 0.1 0.2

10. Bangkok Metropolitan Bank 4.0 0.6 566.7 0.0 0.0 0.0 - - 0.0 -

11. The Standard Chartered Nakornthon Bank 0.0 122.3 (100.0) 0.0 0.2 0.0 479.8 (100.0) 0.0 20.9

Total 41,677.0 66,721.2 (37.5) 100.0 100.0 989.3 2,300.9 (57.0) 100.0 100.0


1. The Bank of Tokyo-Mitsubishi 28,405.1 40,908.3 (30.6) 14.6 15.3 1,119.9 1,307.8 (14.4) 3.4 4.5

2. The Dai-Ichi Kangyo Bank 53,284.6 36,287.3 46.8 27.3 13.6 12,728.5 2,421.7 425.6 38.1 8.4

3. Sumitomo Mitsui Banking Corporation 44,927.4 35,093.0 28.0 23.0 13.1 3,038.5 1,188.1 155.7 9.1 4.1

4. JP Morgan Chase Bank 15,424.4 18,966.6 (18.7) 7.9 7.1 40.0 46.6 (14.2) 0.1 0.2

5. Citibank 10,970.2 9,761.8 12.4 5.6 3.7 8,889.4 9,514.1 (6.6) 26.6 32.8

6. Bank of China 9,074.6 10,532.9 (13.8) 4.6 3.9 117.8 617.0 (80.9) 0.4 2.1

7. Standard Chartered Bank 7,544.7 7,661.5 (1.5) 3.9 2.9 1,369.5 613.1 123.4 4.1 2.1

8. The Hongkong and Shanghai Banking Corporation 6,990.4 9,241.6 (24.4) 3.6 3.5 1,675.2 4,765.7 (64.8) 5.0 16.4

9. ABN-AMRO Bank 5,623.2 7,738.4 (27.3) 2.9 2.9 1,337.8 1,334.4 0.3 4.0 4.6

10. BNP Paribas 4,663.3 1,704.6 173.6 2.4 0.6 1,339.8 7.1 18,770.4 4.0 0.0

11. Bank of America 3,715.8 5,350.6 (30.6) 1.9 2.0 2.5 36.4 (93.1) 0.0 0.1

12. Credit Agricole Indosuez 1,505.5 2,548.3 (40.9) 0.8 1.0 35.9 43.1 (16.7) 0.1 0.1

13. The Bank of Nova Scotia 1,322.4 9,781.9 (86.5) 0.7 3.7 49.8 162.4 (69.3) 0.2 0.6

14. Deutsche Bank 836.6 2,159.8 (61.3) 0.4 0.8 1,631.1 2,334.8 (30.1) 4.9 8.1

15. Oversea-Chinese Banking Corporation 707.8 2,381.1 (70.3) 0.4 0.9 19.3 182.1 (89.4) 0.0 0.6

16. The Industrial Bank of Japan - 34,842.0 - - 13.0 - 3,231.7 - - 11.1

17. The Sakura Bank - 28,362.2 - - 10.6 - 923.2 - - 3.2

18. Dresdner Bank A.G. - 4,061.6 - - 1.5 - 262.8 - - 0.9

Total 194,996.0 267,383.5 (27.1) 100.0 100.0 33,395.0 28,992.1 15.2 100.0 100.0

Source : Form C.B.1.2, Bank of Thailand

35

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36

OUTSTANDING BIBF LENDINGAS AT DECEMBER 31

AMOUNT (Million Baht) GROWTH (%) SHARE (%)

2001 2000 1999 2001 2000 2001 2000 1999

Out-In 276,947.6 373,916.4 487,123.2 (25.9) (23.2) 100.0 100.0 100.0

Thai banks 34,588.1 59,110.2 100,106.5 (41.5) (41.0) 12.5 15.8 20.5

Foreign bank branches 194,828.1 245,066.3 304,249.3 (20.5) (19.5) 70.3 65.5 62.5

New foreign banks 47,531.4 69,739.9 82,767.4 (31.8) (15.7) 17.2 18.7 17.0

Out-Out 32,477.8 43,233.9 63,683.0 (24.9) (32.1) 100.0 100.0 100.0

Thai banks 11,153.5 15,015.4 20,068.5 (25.7) (25.2) 34.4 34.7 31.5



Total 309,425.4 417,150.3 550,806.2 (25.8) (24.3) 100.0 100.0 100.0

Thai banks 45,741.6 74,125.6 120,175.0 (38.3) (38.3) 14.8 17.8 21.8



Source : Bank of Thailand

37

Major Monetary and Fiscal Measures and Policies in 2001

Monetary Measures

In order to maintain economic andfinancial stability and betteraccommodate economic develop-ments, the authority implementedcertain changes to its monetarypolicies in 2001. The adjustmentsincluded correcting the misalign-ments in short-term interest rates,abolishing the bank rate, improvingand developing various financialmarket regulations and encouraginglendings to SMEs. In addition,measures to deter baht speculationwere also relaxed and new measuresto resolve financial institutions'problems were introduced, includ-ing supervision and developmentissues. Moreover, the MonetaryPolicy Committee's assessment ofcurrent economic conditions andoutlook were periodically releasedto the public, all of which aresummarized below.

A. Interest rates

(8 June) Corrections of mi-salignments in short-terminterest rates

In order to correct misalign-ments in short-term interestrates whereby the interbankrate was lower than depositrate, the BOT announced earlyin June an increase in the 14-dayrepurchase rate, its policyinterest rate, from 1.5 per centper annum to 2.5 per cent perannum.

(25 September) Abolition of theBank Rate

The BOT announced theabolition of the bank rate in orderto increase the effectiveness ofits policy interest rate (the 14-

day repurchase rate) as a signal.Consequently, any related regu-lation, notification, circular,contract, agreement, rule, con-dition imposed by any public orprivate sector organizationsshould now use the rate chargedby the end-of-day liquiditywindow facility, as defined inthe Bank of Thailand's regula-tion on Repo transactions 2001,whenever a reference to the bankrate needed to be made. Thiswas effective from 1 October2001.

B. Implementation of monetarypolicies

(12 July) Monetary PolicyCommittee's Decision

The BOT announced thedecision of the Monetary PolicyCommittee (MPC) regardingthe appropriate stance ofmonetary policy. The MPCagreed to adopt the previousframework of monetary policy.Core inflation would be keptbelow the 3.5 per cent ceiling,and the 14-day repurchase ratewould remain the policy interestrate. With respect to monetarypolicy implementation, the MPCand the BOT would monitorexternal stability more closely,especially the declining currentaccount surplus. Furthermore,external stability would also bestrengthened through betterexchange rates managementaimed at reducing short-termfluctuations.

After consideration of the futuretrend for inflation, the pro-

bability of inflation being abovethe target level was deemed tobe low. Moreover, the move toincrease short-term interestrates on 8 June 2001 was ade-quate to correct the misalignmentin the short-term interest ratestructure. The MPC therefore,decided to maintain the 14-dayrepurchase rate at 2.5 per centper annum.

(25 December) Monetary PolicyCommittee's Decision

The BOT announced thedecision of the MPC regardingthe appropriate stance ofmonetary policy. The MPCviewed that Thailand's currentfinancial situation on theexternal front had become morestable. The Baht was stable andofficial reserves were strong.However, growth was expectedto slowdown during the nextperiod.

The last data pointed to con-tinued uncertainties and possiblefurther slowdown in worldeconomy, especially in theUnited States, Japan, and otherThailand's major trading part-ners. This had important reper-cussions on Thai exports andeconomic situation. Further-more, the declining trend ininflation had resulted in higherreal interest rates which mighthave weakened growth. At thesame time, core inflation in 2002was projected to remain low andwell within the range of 1.5-2.5per cent per annum, whileexternal stability improvedcreating room for an easing of

38

monetary policy. Thus, in orderto promote economic recovery,the MPC announced a cut in the14-day repurchase rate by 0.25per cent, from 2.5 per cent perannum to 2.25 per cent perannum.

C. Measures for money marketdevelopment

(17 August) Bilateral Repo ofthe financial institutions

In line with the BOT's policy toencourage financial institutionsin the securities repurchaseagreements, the following rules,procedures and conditions wereset for commercial banks tofacilitate borrowings in theprivate repurchase market:

1. The definition of privaterepurchase is given as thetrading of securities with anagreement to resell or re-purchase, so as to facilitatelending/borrowing betweenfinancial institutions, usingsecurities as collateral.

2. The portion of the value ofthe securities used as colla-teral by a commercial bankthat exceeds the borrowedamount must be added to thevalue of credits, investmentor obligation to the counter-party financial institution. Ifthis amount exceeds thesingle lending limit, then thecommercial bank will not beable to enter into the privaterepurchase transaction. Inthe case where the commer-cial bank was in compliancewith this condition at thetime it entered into the tran-saction, but later exceededthe single lending limit, forwhatever reason, then it canno longer enter into futureprivate repurchase transac-tions. However, the previoustransaction approved wouldstill be binding according tothe agreement.

single end-of-day liquiditywindow. Under this facility, theBOT will enter into bondpurchasing transactions withfinancial institutions andspecialized financial institutions(the Government Savings Bank,the Government Housing Bank,the Bank for Agriculture andAgricultural Cooperatives, theExport-Import Bank of Thailand,the Industrial Finance Cor-poration of Thailand, the SmallIndustrial Finance Corporation,the Secondary MortgageCorporation, and the Thai AssetManagement Corporation) at 90per cent of the face value at aninterest rate equal to the policyinterest rate plus 1.5 per cent perannum. A financial institutionwishing to use this facility mustnotify the intention to sell to theBOT between 17:00 - 17:30 hrs.,send confirmation by 10:30 hrs.and repurchase the bond by12:00 hrs. the next business day.This has been effective since 1October 2001.

(9 November) Approval forcommercial banks to borrow ina form of private repurchasefrom institutional investors

The BOT gave approval forcommercial banks (excludingBIBF) to borrow in the form ofprivate repurchase from insti-tutional investors, including:

1. Mutual Funds, ProvidentFunds and Private Fundsunder supervision of theOffice of the Securities andExchange Commission(SEC)

2. The Government PensionFund

3. The Social Security Office

4. Specialized financial insti-tutions established by law,such as the Asset Mana-gement Corporation and the

3. In the calculation of the ratein 2., in the case where thesecurities used as collateraldepreciates in value, if theborrowing commercial bankis called for a cash margin,then the borrowed amount isto be reduced by the increasein margin. However, if thebank is called for a securitymargin, then the collateralvalue should be increased bythe amount of the increase inmargin.

In the case where thesecurities used as collateralappreciates in value, if theborrowing commercial bankreceives a cash marginreturn, then the borrowedamount is to be increased bythe amount of margin return.However, if the bank recei-ves a security margin return,then the collateral valueshould be decreased by theamount of the margin return.

4. The market price is to beused in securities valuation.

This was effective from 21August 2001.

(25 September) Measuresconcerning the bond repur-chase market to improve end-of-day liquidity

The BOT acts as a lender of lastresort for financial institutionswith short-term liquidityproblems. Previously, there were3 liquidity windows available tofinancial institutions for thispurpose, namely the loanwindow, the late hour repurchasewindow and the intradayliquidity facility. However, therates charged by these facilitieswere uncorrelated and incon-sistent with the policy interestrate, resulting in ineffectivemonetary policy signalling.Therefore, the BOT decided toreplace these facilities with a

39

Secondary Mortgage Cor-poration, etc.

5. Life and non-life insurancecompanies

The BOT's supervisory andregulatory policies on the privaterepurchase undertaking of thefinancial institutions will con-tinue to be applied as well asother regulations and super-visory measures to be announcedin the future.

D. Foreign exchange measures

(27 December) Baht lending tonon-residents (measures todeter baht speculation)

The BOT relaxed regulationsagainst baht speculation byallowing financial institutions togive direct loans to non-residentsin neighbouring countries ofUnion of Myanmar, the People'sDemocratic Republic of Laos,Cambodia, Vietnam and thesouthern part of the People'sRepublic China, with the follow-ing conditions:

1. Financial institutions wish-ing to provide direct loans inbaht to non-residents in theneighbouring countries mustseek permission from theBOT on a case by case basis.

2. After the credit has beenextended, the financialinstitution must deposit thebaht into no more than oneSpecial Non-resident Ac-count (SNA) that the non-resident opened with afinancial institution. Thefinancial institution mustreport the name and accountnumber of the SNA and allchanges to the account statusto the BOT.

3. The financial institutionwhere the SNA is held atmust oversee that with-drawals from the account are

for the purpose prescribedby the BOT. Such purpose isfor the purchase of domesticgoods and services or repay-ment of liabilities to a Thairesident, and not for thepurchase of foreign curren-cies. Borrowing of baht topurchase foreign currenciesis normally prohibited bythe BOT, but a non-residentmay undertake such trans-action only if the intention isreported the first time therequest to borrow was filed.

4. The BOT does not allow fortransfers between SNAs orbetween an SNA and otherbaht account of a non-resident.

This was effective from 27December 2001.

E. Credit measures

(10 August) Interest rate limiton loans

The BOT abolished the previousrequirement on the calculationof the Minimum Retail Rate(MRR) that commercial banksquote to ordinary customersusing the posted MLR plus aspread not exceeding 4 per centper annum. Instead, commercialbanks were required to calculateloan interest rates according tothe guidelines set in theannouncement of the BOT onguidelines for commercial bankson interest rates and discounts,dated 20 October 1993, and itsrevision. Furthermore, com-mercial banks were required torepor on their average cost offund from deposit to the BOT ona quarterly basis.

F. Measures to resolve financialinstitution problems

(6 February) Extension of theholding period for immovableproperties

The BOT issued a circular toBIBF, along the line of the 24December 1999's circular sentto commercial banks, concer-ning the extension of the holdingperiod for immovable properties.In essence, BIBF may holdimmovable properties transfer-red between 1 January 1997 and31 December 2001, for longerthan the prescribed period.Furthermore, BIBF must sellthese properties within 10 yearsfrom the date of transfer.

(8 March) Permission forcommercial banks to offer anEscrow Account

The BOT extended the scope ofcommercial bank businesses toincluded accepting deposits inthe form of escrow accountwhere depositors have enteredinto a purchase agreement withthe sellers. Commercial bankshave to oversee the withdrawalsfrom the account after bothparties have fulfilled allcontractual obligations. Further-more, commercial banks maycharge a fee for the opening ofthe account, the service and otherexpenses from the customer, asclearly agreed at time of thecontract. Moreover, commercialbanks must maintain a record ofthe name and address of thecustomer, details of the asset inquestion, guidelines, proceduresand conditions of the opening ofthe account, all deposits andwithdrawals, the closing of theaccount, and other expenses andfees incurred from the openinguntil the closing of the escrowaccount.

Commercial banks whoseescrow account services are notconsistent with the abovementioned guideline must seekprior permission from the BOTor risk having their licencerevoked.

40

(7 August) Modification of theregulations on the purchase orholding of shares in limitedcompanies above the legal limit

In an attempt to strengthen thedebt restructuring frameworkand support investment offinancial institutions, the BOTmodified regulations on thepurchase or holding of shares inlimited companies above thelegal limit as follows :

1. Financial institutions(commercial banks, foreigncommercial bank branchesand BIBF, finance com-panies, finance and securi-ties companies, and creditfoncier companies) areallowed to hold ordinary andpreferred shares in debtorcompanies (as well as deben-tures in credit foncier com-panies) above the legal limitas a result of debt restruc-turing according to BOT'sregulations. The holding ofsuch shares shall includeshares of companies whichthe debtor sold to the finan-cial institutions in paymentof its debts, shares of thecompany of debtor's guaran-tors, as well as shares incompanies created to holdor restructure the debtorcompany.

2. Financial institutions whichhold shares in limited com-panies resulting from debtrestructuring according toBOT's regulations above thelegal limit are required toreduce such holdings and anyother holdings of shares inlimited companies to meetthe legal limit as soon aspossible, but no later than 31December 2004, unlessotherwise specified by theBOT.

3. The reduction of shares heldin limited companies, resul-ting from debt restructuringaccording to the BOT'sregulations must not incurloss to financial institutions,with the exception of thefollowing cases :

3.1 The sale of shares ofcompanies registeredunder the Sock Exchangeof Thailand (SET) at aprice no less than theirbook value or close priceone business day prior tothe date on which thefinancial institution sellsthose securities.

3.2 The sale of shares oflimited companies notregistered under the SETat a price judged to befair by the financialinstitution's auditor, if theauditor is unable toguarantee that the priceis a fair price, the auditorcan appoint a specialistto guarantee that the priceis a fair price on theauditor's behalf.

3.3 Other cases allowed bythe BOT.

The calculation of whether thesale of securities will or will notlead to a loss to the financialinstitution shall be done by acomparison of the sale price tothe book value of the securitieson the day purchased.

(14 September) Trading of debtrestructuring promissory notesin the repurchase market

Following the Ministry ofFinance's issue of promissorynotes to refinance earlier bondsissued (in accordance with theEmergency Decree enabling theMinistry of Finance to issuebonds to restructure the liabi-lities of the Financial Institutions

Development Fund B.E. 2541),the BOT issued two announ-cements to financial institutionsthat were members of therepurchase market, namely:

1 The BOT's regulation con-cerning the sale and purchaseof government bonds with arepurchase clause Volume12 B.E. 2544, where theBOT would purchase debtrestructuring promissorynotes at 95 per cent of facevalue; and

2. The BOT's regulationconcerning the sale andpurchase of bonds with arepurchase clause withprimary dealers Volume 2B.E. 2544

The definition of "bond" in theformer regulations was modifiedto include debt restructuringpromissory notes, where theBOT is the registrar and payingagent. Furthermore, "debtrestructuring promissorynotes" were defined as pro-missory notes issued by theMinistry of Finance in accor-dance with the royal ordinancepertaining financial assistancefrom the Ministry of Finance tothe FIDF.

This was effective from 17September 2001.

(25 September) Regulations forAsset Management Companies(AMCs)

The BOT allowed AMCs topurchase immovable propertiesof debtors that have not beenmortgaged with other AMCs.This can be done through anauction as ordered by a court oflaw or official receiver orcollective creditors in the caseof debt restructuring. The AMCsmust dispose of these immovableproperties within 10 years andthe same regulations apply to

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the holding of immovableproperties awaiting sale.


G. Measures on supervision anddevelopment of financialinstitutions

(11 January) Prescription onmaintenance of assets byforeign commercial bankbranches

The BOT circulated the revisedNotification of the Ministry ofFinance concerning the pre-scription on maintenance ofassets by foreign commercialbank branches. The notificationrepealed the permission to countthe following investments usingthe capital funds of branches offoreign banks, as assets ofSection 6 of the CommercialBanking Act B.E. 2505 asamended by the CommercialBanking Act (No.2) B.E. 2522.These investments include :

1. Investments in shares inlimited companies, whichfinally will be invested inordinary or preferred sharesof commercial banks andfinance companies registeredin Thailand, in accordancewith a scheme approved bythe BOT, and

2. Investments in ordinary orpreferred shares of com-mercial banks and financecompanies registered inThailand.

This was effective from 19December 2000.

(22 January) The use of theinternet for the services offinance companies and creditfoncier companies

The BOT circulated theNotification of the Ministry ofFinance concerning the use ofthe internet for the services of

finance companies and creditfoncier companies. The mainpoints of this notificationinclude :

1. Expanding the scope offinancial services thatfinance companies and creditfoncier companies areallowed to undertake usingthe internet to include allservices approved by theBOT, as specified by the Acton the Undertaking ofFinance Business, SecuritiesBusiness and Credit FoncierBusiness, B.E. 2522 and itsrevision. However, thesecompanies are required toobtain approval from BOTprior to undertaking anyoperations.

Finance companies andcredit foncier companies thathave been given permissionunder the Notification of theMinistry of Finance dated27 January B.E. 2543 underthe same title can beginundertaking such servicesimmediately.

2. In linking finance com-panies' and credit fonciercompanies' Websites withother businesses, they mustnot show trademarks ormessages of other businesseson their homepages. Theymust also refrain fromadvertising services offeredon other businesses' Web-sites, or allow transactionsbetween customers and otherbusinesses from their Web-sites. Finance companies andcredit foncier companies areallowed to charge fees forthe internet services fromtheir customers and otherbusinesses according tomarket mechanism, whileensuring fairness forcustomers.

This was effective from 8February 2001.

(26 February) Regulations forfinance companies and creditfoncier companies on lending,deposit taking, and fundingfrom the public

The BOT issued regulations forfinance companies and creditfoncier companies on lendingand deposit taking from thepublic. Their customers arerequired to provide personaldetails and verifying signaturesfor all supporting documents.Documents must be stored for atleast 5 years from the time thecompany begins repayment tothat customer, for auditingpurpose. Customers are requiredto use their real names and notaliases or false names. Forcustomers whose loans ordeposits with these companiesprior to the date that theseregulations become effective,finance companies must act inaccordance with these regu-lations within 6 months fromthe day these regulationsbecome effective, with theexception of customers whocannot be contacted and thecompany has sent an officialletter to these customersexplaining the matter.

This was effective from 26February 2001.

(7 August) BIBF operationscope

The BOT permitted BIBFtransactions to be hedged againstinterest rate risk with financialinstitutions. The transactionsinclude loans and internallending, and lending to foreigncustomers, other BIBF busi-nesses, the Ministry of Finance,the BOT, or domestic customersthat borrowed in foreigncurrency.

This was effective from 17August 2001.

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On 2 November 2001, the BOTclarified its BIBF operationalguidelines to be in line with thatof the Ministry of Finance. TheBOT also made an announ-cement regarding regulations,methods, and conditions in thebusinesses of BIBF commer-cial banks, including regulationsseparating the businesses ofBIBF and commercial banksinto different business entities,as well as the opening of a nostroaccount and the separation ofdocuments that are evidence oflending, foreign exchangetransactions, or other businessby BIBF.

(4 September) Lending orinvestment in related businessesand lending to shareholders

The BOT issued an announ-cement to financial institutions(excluding BIBF) concerninglending or investment in relatedbusinesses and lending toshareholders. The main pointsfrom this announcement are asfollows :

1. Financial institutions mustsuspend credit extension orinvestment in businesses thatfinancial institutions ordirectors or executives ofthese financial institutionshave a vested interest, orlending to shareholders orexecutives of these financialinstitutions in an excessiveamount.

2. Financial institutions mustsuspend credit extension orinvestment in businesses thatfinancial institutions ordirectors or executives ofthese financial institutionshave a vested interest, orlending to shareholders orexecutive of these financialinstitutions subject to specialconditions or rules.

3. Financial institutions mustformulate a credit-extension

policy or investment policyin businesses which thesefinancial institutions or theirdirectors or executives havea vested interest, as well asto shareholders of theseinstitutions.


(4 September) Assumption ofdirectorship in limited com-panies of directors or executivesof commercial banks

The BOT issued an announce-ment concerning amendmentsto the regulations governing theacceptance of directorships inlimited companies by executivesof commercial banks. Therevised regulations specified thatdirectors and senior executivesof commercial banks can takeup positions as chairperson,executive director, or directorwith signing authority in no morethan three other limitedcompanies. Any commercialbanks with directors or seniorexecutives not complying withthe above regulations mustamend their positions to complywith the above and report to theBOT within 90 days from theday these regulations becomeeffective. If this is not done in agiven time, the BOT reservesthe right to issue orders orimposes conditions as allowedby the law.


(24 September) Expansion offinance companies' and financeand securities companies' scopeof business.

The BOT issued an announce-ment concerning the expansionof finance companies' andfinance and securities com-panies' scope of business in thecustodian and maintenance of

assets. The expansion includedthe custodian services for assets,as well as the maintenance andstorage of documents of title inassets and other documentsrelated to the sale, transfer, orappraisal of asset values.

(27 September) Valuation ofsecurities used in providingeligible liquid assets

The BOT permitted financialinstitutions to value theirsecurities as part of eligibleliquid assets using book valuefrom the last day of the previousmonth for the upcoming month'svalue. This is with the exceptionof promissory notes byKrungthai Thanakit Finance andSecurities Public CompanyLimited, and certificates ofdeposit by Krung Thai BankPublic Company Limited, issuedunder the Notes ExchangeProgramme for the 56 suspendedfinance companies, using theface value of the note. This waseffective from 23 November2001.

(6 October) Expansion of thedefinition of eligible liquidassets

1. The BOT added types of newsecurities and bonds that canbe classified as eligible liquidassets of commercial banks,finance companies, andfinance and securitiescompanies, as follows :

1.1 Promissory notes for debtrestructuring issued bythe Ministry of Finance,which are considered asassets of the ThaiGovernment.

1.2 Government bonds is-sued under the Tier-1 andTier-2 Capital Sup-portScheme, which are con-sidered as assets of theThai Government.

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1.3 Promissory notes issuedby the Thai Asset Man-agement Corporation(TAMC) which repre-sents the right in debts ofthe Financial InstitutionsDevelopment Fund(FIDF).

2. Credit foncier companies arerequired to increase unen-cumbered assets as follows:

2.1 Promissory notes for debtrestructuring issued bythe Ministry of Finance.

2.2 Bonds or debt instru-ments issued by theFIDF.

2.3 Debentures, bond, ordebt instruments whoseprincipal and interest areguaranteed or availed bythe FIDF.

2.4 New securities issued bythe Secondary MortgageCorporation as set forthby the "SpecializedCorporation Decree toConvert Assets intoSecurities B.E. 2540".

2.5 Promissory notes issuedby Krungthai ThanakitFinance and SecuritiesPublic Company Limitedand certificates of depositissued by Krung ThaiBank Public Company,Limited under the NotesExchange Programmefor the 56 suspendedfinance companies.

2.6 Call loans issued fordomestic banks andFIDF.

The BOT granted permission forfinancial institutions to includepromissory notes issued by theTAMC as eligible liquid assetsas of the date of receipt of thesenotes. Any changes in the valueof the promissory notes must be

matched by a consistent adjust-ment in the value of eligible li-quid assets of the financialinstitution.

Circulars were dated 8 October2001 and 9 November 2001,and effective from 6 October2001 and 23 November 2001,respectively.

Fiscal Measures

During 2001, the governmentimplemented several measures,aiming to strengthen the overalleconomy and to achieve sustainablelong-run growth. These fiscalmeasures can be summarized asfollows :

A. Measures to stimulate theeconomy

(4 September) Measures andguidelines to expedite thedisbursement of the Budget forthe fiscal year 2002-2003.Relevant agencies must submitoperational plan for uses of thebudget, purchasing and hiring,and disbursement plans for thefiscal year 2002 to the BudgetBureau by 15 October 2001 andmust submit the same plans forthe fiscal year 2003 to theBudget Bureau by 15 September2002. The Budget Bureau mustprovide quarterly updates andfollow-up reports for thisoperation plan as well asdisbursement of state enterprisesto the Cabinet.

(25 September) Targeting actualdisbursement of the governmentbudget for the fiscal year 2002at 91 per cent of the total budgetof Baht 965 billion. This amountdid not include a reserve fund ofBaht 58 billion earmarked forspecial economic stimulusprojects. The disbursement ratewould vary depending on theactual amount of reserve fundutilized. For example, the

disbursement rate would be 88.7per cent 90.1 per cent and 91.5per cent if the reserve amountswere utilized at 50 per cent, 75per cent and 100 per cent, res-pectively.

(25 September) Annual budgetof 50 state enterprises for thefiscal year 2002. Projected ope-rating budget included totalrevenue of Baht 1,289.53 billion,total expenses of Baht 1,225.79billion, and net profits of Baht63.74 billion. Approved capitalexpenditure of Baht 204.9 billionof which Baht 160.5 billion wasqualified for budget disbur-sement. However, retainedincome of Baht 144.68 billionwas available for investment,resulting in the total deficit ofBaht 15.8 billion or 0.3 per centof GDP.

(22 October) Measures tofollow-up the actual disbur-sement of the fiscal year 2002budget. The government aimedto have at least 70 per cent oftotal government investmentexpenditure actually disbursed.Actual disbursement rate wouldbe used as a key performanceindicator. Government agencieswere required to submit a copyof purchasing, hiring anddisbursement plan to the Comp-troller-General's Department.This plan would be used asinformation for monitoring andfollow-up purpose.

(12 November) Debt suspensionfor small-scale farmers throughfinancing vehicles for farmers.An annual budget of Baht 1,196million was allocated for thispurpose bringing the total of thethree year period to Baht 3,588million for this scheme. Thetarget group included 1.152 mil-lion farmers in 5,161 agriculturalinstitutions, 1.085 million far-mers in 1,762 agricultural co-

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operatives and 0.067 millionfarmers in 339 agriculturalgroups. This measure waseffective from October 2001.

(25 December) Establishmentof the Village and UrbanRevolving Fund (VURF) byallocating Baht 1 million to eachof the 74,881 villages nation-wide to be used as a revolvingfund or micro credit facility. Theobjective of the scheme is toprovide funds for carrer deve-lopment, job creation, incomeenhancement, and other publicuses in a community. Accor-ding to the plan, the VURF willsecure loans, guaranteed by theMinistry of Finance, from theGovernment Savings Bank(GSB) as sources of funds forthis plan. The government willthen repay VURF's borrowingsthrough its yearly budget.

B. Measures to support privateinvestment

(18 September) Support forSmall and Medium-sizedEnterprises (SMEs) by reducingcorporate income tax rate for acompany with issued and fullypaid-up share capital lower thanBaht 5 million to the following :

1. 20 per cent of net profitbelow Baht 1 million.,

2. 25 per cent of net profitbetween Baht 1 millionand Baht 3 million., and

3. 30 per cent of any netprofit above Baht 3million.

The scheme would be applied tonet profits of the companies orjuristic partnerships generatedafter 1 January 2002.

Tax break would also be givento support venture capitalbusinesses by exempting these-companies and their investors

the fiscal year 2002. The size ofsuch issuance should not exceedBaht 200,000 million with lessthan 20 year maturity and shouldcarry an appropriate marketinterest rate at the time ofissuance.

(25 December) The governmentapproved external debt incur-ring plan for the fiscal year 2002as follows :

1. Established the limit ofUS$ 1,000 million forthe fiscal year 2002.

2. Approved the externaldebt incurring plan forthe fiscal year 2002including 8 projects ofdirect government bor-rowing, totalling US$490.22 million and 8government-guaranteedprojects amounting toUS$ 703.24 million.

3. Approved additionaldomestic credit limit forstate enterprises tosubstitute foreign-cur-rency loans amoun-tingto Baht 15,000 millionfor the fiscal year 2002.

4. Approved in principle toempower the NationalDebt Policy Committeeto amend external debtincurring plan as appro-priate within the limitestablished above.

Source : Bank of Thailand

from income tax on dividendincome and capital gain.

(11 December) Tax break formultinational corporationsseeking to set up Regional Ope-rating Headquarters (ROHs) inThailand as follows :

1. Reduced corporate incometax from 30 per cent to 10 percent for the ROH.

2. Reduced and provided taxexemption for other items asfollows :

2.1 Reduced corporate in-come tax rate to 10 percent for net profitsgenerated from royaltiesas a result of researchand development.

2.2 Reduced corporate in-come tax rate to 10 percent for net profitsderived from interestincome received fromrelated companies and/or branches.

2.3 Exempted corporateincome tax for anydividend income recei-ved from related com-panies for both domesticand international.

2.4 Exempted corporateincome tax from anydividend paid from ROHin Thailand to othercompanies which are notincorporated in Thailand.

3. Allowed 25 per centdepletion and depreciationfor cost of buildings andimprovements immediatelyat the acquisition date andthe rest within 20 years.

C. Measures of debt incurring

(30 October) The governmentapproved future debt issuanceto finance the budget deficit for