Bank of Ayudhya aims to cut NPLs, adds 100 new branches this year

April 28, 2015 6:08 AM

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BANGKOK, April 28 (Reuters) - Bank of Ayudhya Pcl, Thailand's fifth-largest lender, said on Tuesday it aimed to cut non-performing loans this year to 2.5 percent of total lending and add 100 new branches as part of a three-year plan ending 2017.

Non-performing loans at the bank, 76.88 percent-owned by Japan's Mitsubishi UFJ Financial Group (MUFG), accounted for 2.79 percent of its total lending at end-2014.

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