Bangkok Bank said gains on investments, of which 59% is in government and state enterprise bonds, plunged 98% in the second quarter. The bank posted net profit of 8.68 billion baht for the April-June quarter, higher than the 7.37 billion baht forecast by 14 analysts polled by Reuters. The bank's second-quarter net profit dropped 10.8% from a year earlier, to 7.2 billion baht, lower than the average forecast of 8.3 billion baht by 11 analysts polled by Reuters. This compared with average 9.97 billion baht forecast by 15 analysts polled by Reuters. Bangkok Bank, the largest lender, was also particularly hit by decline in gains on investments and rising expenses because most of its excess liquidity is invested in low-risk assets such as government bonds.

Source: Bangkok Post July 21, 2016 13:04 UTC