Thailand’s Bank of Ayudhya books 11% Q3 profit rise

Bank of Ayudhya PCL, Thailand’s fifth-largest lender, said on Friday its quarterly net profit rose 10.6 percent from a year earlier, boosted by higher net interest income as a result of strong loan growth from retail clients.

Bank of Ayudhya, controlled by Japan’s Mitsubishi UFJ Financial Group Inc, raised its 2016 loan target range to 8 per cent to 9 per cent, from 5 per cent to 6 per cent, after consolidating loans from Cambodia subsidiary Hattha Kaksekar, it said in a statement.