Thailand's Bank of Ayudhya Q1 net profit up 32 pct

April 21, 2015 6:29 AM

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BANGKOK, April 21 (Reuters) - Bank of Ayudhya PCL, Thailand's fifth-largest lender by assets, reported a 32 percent rise in first-quarter net profit due to higher loan growth after integration with the Thai unit of Japan's Mitsubishi UFJ Financial Group (MUFG).

Net profit was 4.33 billion baht ($134 million) for the January-March quarter, compared with the 4 billion baht average forecast by three analysts polled by Reuters. The bank posted a profit of 3.27 billion baht a year earlier.

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