BAY’s 2Q Profit Jumps 12% from Higher Income while 1H Profit Soar 58% to Reach ฿19.7bn!

Bank of Ayudhaya Public Company Limited (BAY) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BAY recorded a net profit of THB 7,010 million in the second quarter of 2019, increased 11.75% YoY. Meanwhile, the net profit for the first half of 2019 was at THB 19,746 million, increased 58.13% YoY.

The increase of profit was due to higher gains from interest income and fee and service income that booked THB 275 million and THB 225 million, respectively, higher in the quarter. The Bank also recorded higher operating income at THB 28,040 million, an increase of about THB 1,000 million or 4%.