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Insurance key contributor: BAY expects hefty non-interest income.
Byline: Charoen Kittikanya
Sep. 7--Riding a surge in its bancassurance business, Bank of Ayudhya (BAY) expects new insurance and related products will help the bank lift non-interest income to 20-30 percent of its total revenue by 2008.
"We expect that non-interest income, particularly through the contribution of bancassurance, will become one of the major sources of income for the bank over the next two to three years," said Charlotte Donavanik, a BAY executive vice-president. "Next year will see substantial growth and more active business expansion for our bancassurance activities."
BAY began selling selling insurance products in early 2003, ...
- Bangkok Post, Thailand, business briefs column.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 20, 2007 700+ words
...previous quarter and non-interest income up 2 percent from the...million-baht increase in interest income from loans. Non-interest income rose 92 million baht from...India. To see more of the Bangkok Post, or to subscribe to the...
- Bangkok Post, Thailand, Business Briefs Column.
- Newspaper article from: Knight Ridder/Tribune Business News August 5, 2002 700+ words
Bangkok Post, Thailand Knight Ridder...increasing the bank's non-interest income. In addition to opening...To see more of the Bangkok Post, or to subscribe to...bangkokpost.com (c) 2002, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, business briefs bonus column.
- Newspaper article from: Knight Ridder/Tribune Business News October 19, 2004 700+ words
Bangkok Post, Thailand Knight Ridder...investment gains. Net interest income in the third quarter...To see more of the Bangkok Post, or to subscribe to...com. (c) 2004, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, business briefs column.(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 15, 2007 700+ words
...electricity sales, 362 million from interest income, 432 million from profits of associated...yet been fixed. To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...
- Bangkok Post, Thailand, business briefs column.(Financial report)(Column)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 15, 2007 700+ words
...from 33.67 billion baht in 2005. Interest income totalled 36.7 billion baht, up sharply...chula.ac.th To see more of the Bangkok Post, or to subscribe to the newspaper...bangkokpost.com. Copyright (c) 2007, Bangkok Post, Thailand Distributed by McClatchy...
- Bangkok Post, Thailand, Guest Column.
- Newspaper article from: Knight Ridder/Tribune Business News March 2, 2004 700+ words
Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 2--Typically...have the power to make a transfer pricing adjustment to determine interest income on the loan that is subject to income tax in the lender's country...
- Thai Military Bank Sees Non-Interest Income Increasing to 40 Percent.
- Newspaper article from: Knight Ridder/Tribune Business News November 3, 2003 700+ words
By Darana Chudasri, Bangkok Post, Thailand Knight Ridder/Tribune...Thai Military Bank expects non-interest income to rise to more than 40 percent...billion baht. To see more of the Bangkok Post, or to subscribe to the newspaper...
- Bangkok Post, Thailand, Tax Column.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) June 18, 2002 700+ words
...under way involve the issue of withholding tax payable on interest income. Recently, a number of Revenue rulings determined that...tax should be paid only when there is a real payment of interest income. So, what was the basis for imposing withholding tax duty...
Source: HighBeam Research, Insurance key contributor: BAY expects hefty non-interest income.