Bank of Ayudhya sees 105% jump in first-quarter profits

Breaking News April 19, 2019 19:20

By The Nation

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Bank of Ayudhya Plc and its business units have announced a robust performance for the first quarter of 2019, with a record net profit of Bt12.7 billion, a 104.9-per-cent increase from the same quarter of last year.



 

The increase in the Bank’s quarterly net profit was attributed to higher non-interest income of 95.6 per cent, mainly driven by the gains on investments from the sales of 50 per cent of shares in Ngern Tid Lor (NTL). 

These strong earnings underscore Krungsri’s competitive strength and well-balanced portfolio, as well as effective cost management, Krungsri president and chief executive officer Noriaki Goto said in a release on Friday.

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