Krungsri Group earnings up 28.7%
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Krungsri Group, including Bank of Ayudhya, posted a Bt3 billion net profit in the third quarter, up 28.7 per cent over the same period last year.
Moody's Investors Service recently updated Krungsri’s standalone Bank Financial Strength Rating (BFSR) from “D” to “D+” with a stable outlook.
The non-performing loans as of September dropped to Bt32.7 billion from Bt38.1 billion in December 2010, representing 5.5 per cent to 4.3 per cent of total loans.
The bank also said that its net interest margin increased to 4.6 percentage points.
