Bangkok Bank : Summary of the Financial Information from the Form 56-1 One Report 2022

Summary of the Financial Information from the Annual Registration Statement / Annual Report for the Year 2022 (Form 56-1 One Report)

Bangkok Bank Public Company Limited

CONTENTS

1 _ Message from the Chairman, the Executive Chairman and the President

4 _ Report of the Independent Certified Public Accountants

8 _ Financial Statements

16 _ Management Discussion and Analysis

Form 56-1 One Report 2022	Sustainability Report 2022
Bangkok Bank Public Company Limited	Bangkok Bank Public Company Limited

Summary of the Financial Information from the Form 56-1 One Report 2022 _ Bangkok Bank Public Company Limited 1

MESSAGE FROM THE CHAIRMAN,

THE EXECUTIVE CHAIRMAN

AND THE PRESIDENT

We are built on values and throughout the year we continued to be guided by our determination to stay close to our customers, large and small, as a trusted partner and reliable close friend. Our commitment goes beyond banking to providing advice and support to customers.

The passing of our chairman, Mr. Piti Sithi-Amnuai, in October was an event of great sadness for the Bank's Board of Directors, executives and all Bualuang People, as well as the many customers and other people whose lives he had touched. Mr. Sithi-Amnuai dedicated his life's work to the Bank, serving it for more than 50 years. He was an inspiration to all who knew him. As the embodiment of Bangkok Bank values, he has left an enduring legacy that will help us secure our ongoing success.

Bangkok Bank is built on values and throughout the year we continued to be guided by our determination to stay close to our customers, large and small, as a trusted partner and reliable close friend. Our commitment goes beyond banking to providing advice and support that customers need to overcome economic and business challenges, achieve their aspirations, and face the future with confidence.

The Thai economy began to recover in the second half of 2022 after a prolonged period of downturn, with GDP growing for the full year by 2.6 percent. The business recovery was led by the corporate sector, with registered profit exceeding pre-Covid levels. However, the road to recovery was slower for many small and medium-sized enterprises (SME) and households. We supported these vulnerable customers with financial assistance in cooperation with the Bank of Thailand and have continued to provide them with the advice and support they need to improve their financial robustness and resilience.

Many Thai companies are looking to international markets for new business opportunities. ASEAN has the vast potential to provide significant opportunities for investors as the region's economies have quickly recovered and returned to growth in the wake of the pandemic. It is expected to be one of the best performing economic regions in the world in 2023 and is on track to become the world's 4th largest economy by 2030.

As Southeast Asia's 6th largest regional bank by assets and Thailand's most international bank, we are uniquely placed to help these customers expand their horizons to facilitate sustainable growth. We continued our focus on building ecosystem partnerships that will provide new services, enhance customer experience and create value to assist our customers to tap into business opportunities in the region.

In particular, we are ready to serve international customers interested in investing in Indonesia with support from our subsidiary, PermataBank, which has around 250 domestic branches, solidifying our strong foothold in ASEAN's two largest economies, Indonesia and Thailand. In 2022, we have worked with PermataBank to expand and to enhance our range of products and services.

Our business is driven by Bualuang People working across our extensive branch network in a total of 15 significant economies around the world. We work together as One Family, One Team dedicated to supporting our customers. By tapping into our international network, customers can gain access to our years of local experience and knowhow, our business partners across the region's diverse markets, and their supply-chain counterparties.

In line with our commitment to Creating Value for a Sustainable Future, we continue to deliver on our strategy by focusing on the following five strategic priorities:

• Quality growth
• Platform partners
• Wealth and wellbeing
• Intelligent organization
• Business remodeling

2Summary of the Financial Information from the Form 56-1 One Report 2022 _ Bangkok Bank Public Company Limited

We strengthened our synergies with PermataBank in areas such as trade finance, cash management, global payments and other technology developments. We continued to focus on enhancing the competitiveness of our international network and supporting regional digital connectivity and financial interoperability with new and expanded services, such as real-timecross-border payments and cash management services, Enterprise Blockchain-enabled letters of credit and supply-chain finance services using blockchain technology.

In Thailand, we rolled out new digital capabilities for our transaction banking services, including a new trade finance platform. We added more than 50 new features to our Bangkok Bank Mobile Banking app to serve our customers with greater convenience. The addition of a virtual debit card and the ability to purchase insurance were among the key highlights. We also enhanced our wealth management services through our ongoing strategic partnership with Pictet Group. This included launching a variety of new investment funds and increasing our expert wealth advisors to provide a higher level and more convenient service to customers.

In response to the growing interest in sustainability, we joined the Bank of Thailand and other commercial banks to strengthen our commitment to environmental, social and governance issues (ESG) in six areas, namely governance, strategy, risk management, financial products, communication and disclosure. Throughout our 78-year history, we have aspired to be a trusted partner and reliable close friend, helping our customers and people in the community to have a better life. We shall continue to support all stakeholders and work with customers to help them achieve their sustainability goals.

We were the leading underwriter of green bonds, social bonds, sustainability bonds and sustainability-linked bonds in Thailand for the third consecutive year, in line with the growing investors' demand for ESG-related financial instruments.

We provided loans for the installation of solar panels at businesses and homes across Thailand in 2022. We were one of the leading financiers of renewable energy in ASEAN and elsewhere in Asia and also a major financial partner in electric vehicle and energy efficiency developments. We offered social support by providing necessary funding such as soft loans and normal loans to microenterprises.

On the governance front, Thailand's Personal Data Protection Act (PDPA), a key regulatory change, came into force in 2022. We considered it a high priority to share knowledge about the Act and communicate the provisions clearly to our customers, seeking their permission for the Bank to use their data responsibly and appropriately, and strengthening our data governance and regulatory compliance systems. The Act is an important step on Bangkok Bank's path to becoming a digital bank since this will ensure that customers' privacy and rights are protected. Subject to customer consent, we can collect and analyze their data enabling us to provide selected and personalized services that best cater to each customer's preferences and requirements.

Summary of the Financial Information from the Form 56-1 One Report 2022 _ Bangkok Bank Public Company Limited 3

Operating Environment

In 2022, the Thai economy continued to recover after an improvement in the Covid-19 situation, coupled with the key economic drivers of tourism, private consumption and foreign investment. However, export growth began declining in line with lower demand from trading partners after midyear. Despite challenges such as the global economic slowdown, rising policy interest rates worldwide, and uncertainties from prolonged geopolitical conflicts, Thailand's economy is expected to continue to grow, buoyed by the return of international travelers and the opening up of China as it exited from its Zero Covid policy.

Amid this environment, the Bank retained a healthy financial position, high liquidity and capital positions for strong and sustainable growth under our prudent management approach. Together with our subsidiaries, we reported a net profit of Baht 29,306 million in 2022, an increase of 10.6 percent from 2021. Net interest income rose by

24.4 percent due to higher loan volume and interest rates. The net interest margin increased to 2.42 percent in line with the rising interest rate trend and the Bank's liquidity management. While fees from loan-related and trade finance services increased, non-interest income declined by 30.0 percent mainly due to lower gains on financial instruments measured at fair value through profit or loss (FVTPL) in line with the market situation, as well as lower net fees and service income from the securities business, bancassurance and mutual funds. The cost to income ratio improved to 49.7 percent. The Bank set aside Baht 32,647 million in expected credit losses, a decrease of 4.4 percent from the previous year. This is consistent with the Bank's prudent management which takes into account global economic volatility which may affect the recovery of the Thai economy going forward.

Looking Ahead

Our prudent approach, quality customer base and long-term business focus will continue to serve us well in the future. The past few years have shown the importance of strengthening local and regional supply chains and this has led to growing investment and trade in Thailand and elsewhere in Southeast Asia. Investors are also being attracted by ASEAN's increasing connectivity in areas such as transport and finance as well as opportunities relating to Thailand's development of its Bio-Circular-Green (BCG) economy. We are well placed to support our customers to tap into these opportunities.

We wish to thank our customers, shareholders and business partners for your continued trust and support, and we look forward to working alongside our stakeholders to create value together for a sustainable future.

(Phornthep Phornprapha)	(Deja Tulananda)	(Chartsiri Sophonpanich)
Chairman	Executive Chairman	President