Major Thai banks reported mixed operating results in 2025, reflecting lower interest income amid declining interest rates and heightened economic uncertainty.
Bangkok Bank (BBL), the country’s largest lender by assets, and its subsidiaries posted a net profit of 46 billion baht for the year, up 1.8% from 2024. The increase was driven mainly by higher non-interest income, gains from financial instruments measured at fair value through profit or loss, and investment income.
However, net interest income declined in line with lower interest rates and weaker loan growth. As of the end of December 2025, BBL’s total loan book stood at 2.61 trillion baht, down 3.2% year-on-year, according to its filing with the Stock Exchange of Thailand (SET).
Kasikornbank (KBank) reported a net profit of 49.6 billion baht, edging down 0.08% year-on-year. The slight decline was due to a 7.33% fall in net interest income to 137 billion baht, reflecting the rate environment, although non-interest income rose 14.8% to 57.6 billion baht.
KBank’s total loans amounted to 2.47 trillion baht at year-end, a marginal decrease of 0.28% from the previous year.
SCB X, the holding company of Siam Commercial Bank (SCB), recorded a consolidated net profit of 47.5 billion baht in 2025, an increase of 8.1% year-on-year. The improvement was supported by stronger investment gains and higher fee income.
Net interest income declined 8% to 119 billion baht, pressured by narrower net interest margins following four policy rate cuts during the year, as well as a 2.1% contraction in the overall loan portfolio due to more cautious lending practices.
Krungsri (Bank of Ayudhya) posted a net profit of 31.7 billion baht, up 6.9% from 2024. The growth was driven largely by a one-off gain from the remeasurement of its investment in Tidlor Holdings Plc, an increase in non-interest income, and higher net interest income supported by effective liquidity and funding cost management.
Total loans rose 1.7% year-on-year, led by a 2.7% increase in corporate lending. However, weak domestic demand and subdued business sentiment resulted in declines in both retail and small and medium-sized enterprise lending.
TMBThanachart Bank (ttb) reported a net profit of 20.6 billion baht for 2025, down 1.86% from the previous year, while its total loan portfolio contracted by 3%.
Interest income was pressured by net interest margin compression following deeper-than-expected policy rate cuts. However, a recovery in non-interest income, disciplined cost management, and lower expected credit losses helped cushion the impact.
Against a backdrop of economic headwinds and falling interest rates, ttb said it adopted a cautious approach and delivered resilient performance, according to its statement to the SET.