BAY keeps 7-9% loan growth aim | Bangkok Post: business

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BAY keeps 7-9% loan growth aim

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Bank of Ayudhya (BAY), the country's fifth-largest lender by assets, is maintaining its lending growth target at 7-9% this year despite sentiment improving after the military coup ended the political impasse. 

The new signs have not had a clear impact on loan growth as it is the first stage of restoring confidence, said chief executive Noriaki Goto.

After the bank's outstanding loans at the end of March shrank 0.4% from the end of December to 939.8 billion baht, it trimmed its target for 2014 loan growth from 9-11% to 7-9% amid weak loan demand.

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