Earnings Report /
Thailand

Bank of Ayudhya PCL: Miss, due to heavy LLPs

  • Earnings were 18% below our expectation

  • BAY reported a 4Q20 profit of Bt3.4bn

  • At YE20, the loan portfolio was down 0.6% QoQ but up 0.8% YoY

Suwat Bumrungchatudom
Suwat Bumrungchatudom

Equity Research Analyst 

Bualuang Securities
22 January 2021