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Thailand's Bangkok Bank Expects Stable Profits for First Quarter.
Byline: Darana Chudasri
Apr. 3--Bangkok Bank expects net profit for the first quarter to be on par with the preceding one, according to Teera Aphaiwongse, senior executive vice-president.
He said net lending in the quarter had risen slightly which helped lift earnings.
But, he added, last month's interest rate cuts had done little to reduce costs as deposits at the bank were high as it remained a preferred safe haven for funds.
Bangkok Bank posted fourth quarter profits of 1.54 billion baht. Last year's full-year profits dipped to 6.27 billion baht from 6.48 billion previously. Net loan growth totalled 18.69 billion baht, up 2.3 ...
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