BANGKOK Jan 18 Thailand's fifth-largest lender,
Bank of Ayudhya, part-owned by General Electric,
reported a surge in quarterly net profit on Friday, in line of
with forecasts, due to continued growth in its retail lending.
The bank made a net profit of 3.75 billion baht ($126
million) for the October-December quarter, up 663 percent from
492 million baht a year earlier, when the sector was hit by
Nine analysts polled by Reuters had an average earnings
forecast of 3.7 billion baht for the quarter.
For 2012, the bank posted net profit of 14.6 billion baht,
up 57 percent from a year earlier.
Bank of Ayudhya, leader in the Thai retail and consumer
lending business, is in focus after GE sold about a quarter of
its stake in late September, cutting its holding in the bank to