BAY’s 1Q20 Profit Slips 44% in Absence of a One-Time Gain “Ngern Tid Lor” in 1Q19
BAY’s 1Q20 Profit Slips 44% in Absence of a One-Time Gain “Ngern Tid Lor” in 1Q19.
BAY’s 1Q20 Profit Slips 44% in Absence of a One-Time Gain “Ngern Tid Lor” in 1Q19.
22 เม.ย. 2563

Bank of Ayudhya Public Company Limited (BAY) has announced its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

BAY reported a net profit of 7,032 million baht in the first quarter of 2020, a decrease of 5,704 million baht or 44.8% from 1Q19, mainly resulting from the absence of one-time items from the NTL transaction in 1Q19 and a higher provision corresponding to higher expected credit losses (ECL).
As of March 31, 2020, gross NPLs stood at 47,556 million baht, an increase of 6,222 million baht or 15.1% from 41,334 million baht at the end of 2019.