Bank of Ayudhya Public Company Limited Reports Un-Audited Consolidated and Company Earnings Results for the Year and Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2017; Announces Impairment Loss of Loan and Debt Securities for the Fourth of Quarter 2017
January 18, 2018 at 11:31 am IST
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Bank of Ayudhya Public Company Limited reported un-audited consolidated and company earnings results for the year and consolidated earnings results for the fourth quarter ended December 31, 2017. For the year, on consolidated basis, the company reported interest income of THB 94,998 million compared to THB 85,925 million, interest income, net of THB 68,535 million compared to THB 61,977 million and net profit attributable to owners of the bank of THB 23,209 million or THB 3.16 per share compared to THB 21,404 million or THB 2.91 per share for the last year. The increase in net profit was attributed to higher net interest income, driven by loan growth, and solid performance in non-interest and non-fees income and net fees and service income. Profit from operating before income tax expenses was THB 29,230 million compared to THB 27,092 million for the last year.
For the year, the company reported net profit attributable to owners of the bank of THB 12,683,255,000 or THB 1.72 per share compared to THB 15,731,447,000 or THB 2.14 per share for the last year. The company reported interest income of THB 64,995 million compared to THB 59,792 million, interest income, net of THB 40,216 million compared to THB 36,785 million for the last year. Profit from operating before income tax expenses was THB 14,826 million compared to THB 18,007 million for the last year.
For the fourth quarter, on consolidated basis, the company reported interest income of THB 24,837 million compared to THB 22,489 million, interest income, net of THB 17,767 million compared to THB 16,151 million and net profit attributable to owners of the bank of THB 5,679 million or THB 0.77 per share compared to THB 5,156 million or THB 0.70 per share for the last year.
For the quarter, the company announced impairment loss of loan and debt securities of THB 6,110 million compared to THB 5,371 million in last year.
Bank of Ayudhya Public Company Limited (the Bank) is a Thailand-based commercial bank. The Bank conducts its business through a network of branches across Thailand and other countries. It has three segments: Retail, Commercial and Others. Retail segment provides individual customers with a diverse range of banking and related financial services. The products and services available to customers include current and savings accounts, fixed deposits, bill of exchange, housing loans, credit cards, personal loans and sale finance loans, hire-purchase and leasing, wealth management and bancassurance products. Commercial segment provides financial services and products to institutional clients, including corporate, small and medium-sized businesses and financial institutions. Its products and services comprise the full range of credit facilities from short-term working capital, cash management, trade finance, transactional banking, advisory services, and treasury and money markets products.
Bank of Ayudhya Public Company Limited Reports Un-Audited Consolidated and Company Earnings Results for the Year and Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2017; Announces Impairment Loss of Loan and Debt Securities for the Fourth of Quarter 2017