Bank of Ayudhya PCL declared its financial targets for 2017 and said it plans to sell nonperforming loans worth up to 3 billion Thai baht, Reuters reported Jan. 31.

The bank is setting a target of 3.7% for its net interest margin in 2017 and noninterest income growth of 5%. It is also targeting nonperforming loan ratio of less than 2.5%.

The bank also plans to sell nonperforming loans worth 1 billion baht to 3 billion baht in 2017, compared to the 2.8 billion baht it sold in 2016. It added that it is looking for opportunities to buy assets.

As of Jan. 30, US$1 was equivalent to 35.21 Thai baht.