The Siam Commercial Bank Public Company Limited reported unaudited consolidated and bank earnings results for the fourth quarter and full year ended December 31, 2017. For the full year, on a consolidated basis, the company reported net profit attributable to owners of the company of THB 43,151,904,000 compared to THB 47,612,227,000 a year ago. Earnings per share were THB 12.69 compared to THB 14.01 a year ago. Net interest income was THB 92,309,515,000 compared to THB 88,449,345,000 a year ago. Net operating income was THB 136,212,477,000 compared to THB 133,334,103,000 a year ago. Profit from operating before income tax expense was THB 53,495,762,000 compared to THB 59,162,457,000 a year ago. ROE was 12.4% against of 14.8% a year ago. ROA was 1.5% against 1.7% a year ago. Lower net profit was primarily due to higher prudent provisions set aside to align existing expected loss principles to those required under new accounting standard effective in 2 19 as well as an 11.6% rise in operating expenses mainly from the Bank's investment in digital banking technology to expand the customer base. Operating profit was THB 78,562 million against THB 81,690 million a year ago. The higher net interest income was driven by 4.9% loan growth despite lower loan yields from a 25 basis point decrease in lending rate in 2017. For the quarter, on a consolidated basis, the company reported net interest income was THB 23,688,086,000 compared to THB 22,803,887,000 a year ago. Net operating income was THB 34,355,151,000 compared to THB 32,600,943,000 a year ago. Profit from operating before income tax expense was THB 11,453,739,000 compared to THB 15,767,608,000 a year ago. Net profit was THB 9,209,998,000 compared to THB 12,722,304,000 a year ago. Net profit attributable to owners of the company was THB 9,198,824,000 compared to THB 12,715,523,000 a year ago. Basic earnings per share were THB 2.71 compared to THB 3.74 a year ago. Operating profit was THB 18,946 million. ROE was 10.3% and ROA was 1.2%. The decrease in net profit was largely driven by the higher provisions. On a quarterly basis, net interest income increased by 3.9% largely driven by efficient cost management and loan growth of 4.9% year-on-year. For the full year, on a bank basis, the company reported net profit attributable to owners of the company of THB 37,853,968,000 compared to THB 42,165,045,000 a year ago. Earnings per share were THB 11.14 compared to THB 12.40 a year ago. Net interest income was THB 82,863,616,000 compared to THB 80,170,200,000 a year ago. Net operating income was THB 126,575,587,000 compared to THB 123,321,145,000 a year ago. Profit from operating before income tax expense was THB 46,101,944,000 compared to THB 51,483,083,000 a year ago. For the quarter, on a bank basis, the company reported net interest income was THB 21,171,948,000 compared to THB 20,614,072,000 a year ago. Net operating income was THB 32,217,515,000 compared to THB 30,592,372,000 a year ago. Profit from operating before income tax expense was THB 10,097,013,000 compared to THB 14,642,992,000 a year ago. Net profit was THB 8,288,756,000 compared to THB 11,914,859,000 a year ago. Net profit attributable to owners of the company was THB 8,288,756,000 compared to THB 11,914,859,000 a year ago. Basic earnings per share were THB 2.44 compared to THB 3.50 a year ago.