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Krung Thai Bank posts over 30% drop in 2017 profit

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Krung Thai set aside provisions of 44.8 billion baht for impairment, 34.1 per cent more than the previous financial year, to prepare for future standards, the state-owned bank said in a statement.

Bangkok

KRUNG Thai Bank Pcl, Thailand's fourth largest lender by assets, posted a more than 30 per cent drop in 2017 profit and missed analysts' expectations, hurt by higher provisions for impairment.

Profit in 2017 dropped 30.5 per cent from the previous financial year to 22.45

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