Thai Bank of Ayudhya Q2 profit up 26 pct, cuts 2015 loans target

July 21, 2015 6:32 AM

45 0

BANGKOK, July 21 Bank of Ayudhya Pcl, Thailand's fifth-largest lender, said its second-quarter net profit rose 26 percent from a year earlier, but cut 2015 loan growth target to 4-6 percent from an earlier forecast of 7-9 percent due to weak economic outlook.

Net profit was 4.35 billion baht ($126.16 million) for April-June, up from 3.46 billion baht the same period a year earlier.

Also read: GM to Take $7 Billion Write-Down as a Result of U.S. Tax Overhaul

Read more

To category page