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Article: Deposit-rate hike means good returns.
- Article from:
- Bangkok Post (Bangkok, Thailand)
- Article date:
- May 25, 2006
CopyrightCOPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Charoen Kittikanya
May 25--Bangkok Insurance (BKI) remains upbeat about its profitability this year due to favourable investment returns from a hike in deposit rates.
"Given the prospect of bank deposit rates and coupon rates, we still believe that returns on investments will be much higher than last year," said Chai Sophonpanich, BKI chairman and president.
BKI reported net investment income of 380.49 million baht in 2005, a rise from 323.60 million in 2004. But net profit fell to 594.89 million baht last year compared with 667.45 million baht in 2004.
As of March 31, the company had 17.55 billion baht of total assets, of ...
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