KRUNGSRI GROUP POSTS 6.7 % RISE IN NET PROFIT FOR FIRST 9 MONTHS
Bank of Ayudhya Plc (Krungsri) and its business units have announced a net profit of Bt18.7 billion for the first nine months of 2018, an increase of 6.7 per cent over the same period of 2017.
The solid performance was attributed to higher net interest income, supported by strong loan growth, and higher non-interest income as well as effective expense management. For the first nine month of 2018, loans increased 7.5 per cent from December 2017, mainly driven by broad-based retail lending, Japanese and Multinational Corporate (JPC/MNC), and the SME segments.
Meanwhile, the coverage ratio improved to 162.1 per cent, the highest level since the Asian financial crisis, the bank’s president and chief executive officer Noriaki Goto said yesterday.
