KBank has set up reserves in the case of STARK. BoT is confident that this is a problem on an individual basis and will not affect the system.

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Miss Khattiya Inthawichai, Chief Executive Officer Kasikorn Bank Refers to the case of a large business customer who had a problem. There may be problems with the submission of financial statements, delays and changes in the management team. The bank acts as the underwriter of the bonds of the said company and the company is also a customer of the bank. See it as a local problem, specific to the company, not a system problem. It is believed that the company is in the process of discussing ways or solutions on how to adjust the issue. And there has not been any discussion with the bank.

However, earlier in the financial statements for the first quarter of 2566, Kasikorn Bank stated that in the first quarter of 1, the bank found that there was a large customer whose debt quality showed signs of deteriorating. The bank has already reserved a reserve for this debt. The bank may consider the suitability of additional reserves in accordance with situations that may occur closely.

Dr. Setthaput Suthiwat Narueput The Governor of the Bank of Thailand (BoT) said that in the case of some large businesses that caused commercial banks to set up additional reserves, It is considered a matter that happens to every business because some businesses may have some problems. And the fact that commercial banks have already set up reserves is a good thing that they are cautious. But overall, large businesses are not in a worrying situation and do not affect the stability of the financial institution system.

News reports indicate that Kasikorn Bank has granted loans to Stark Corporation Public Company Limited or STARK approximately 5,000 million baht. STARK is having problems with delaying the submission of financial statements for the year 2565 3 times since. The beginning of 2566 includes problems in changing the organizational structure within the company, both the board of directors and executives. This may affect the Company's ability to repay debt.





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