ttb (TMBThanachart Bank) Reports Net Profit of THB 10.68 Billion for 1H26

Brickinfo News Agency – TMBThanachart Bank Public Company Limited (ttb) reported a net profit of THB 5,513 million for the second quarter of 2026 (2Q26) and THB 10,683 million for the first half of 2026 (1H26). The bank maintained stable asset quality with a non-performing loan (NPL) ratio of 2.93% and increased its coverage ratio to 157% to buffer against macroeconomic uncertainties.

Mr. Piti Tantakasem, Chief Executive Officer of ttb, stated that the bank's first-half financial performance aligned with its targets. Key drivers included growing high-yield retail loans, optimizing funding costs during a rate-cut cycle, and deploying digital capabilities to reduce cost-to-serve and expand fee income. Consequently, Pre-Provision Operating Profit (PPOP) reached THB 18,382 million in 1H26, compared to THB 18,566 million in the same period last year.

Non-performing loans remained stable at approximately THB 39,000 million for seven consecutive quarters. Provision expenses in 1H26 declined 9% year-on-year (YoY) to THB 8,035 million, representing a credit cost of 136 basis points. This reduction brought the coverage ratio up from 152% at the end of 2025 to 157%. Operating income for 1H26 rose 3.5% YoY to THB 34,076 million, supported by net interest income growth and fee revenue from mutual funds, bancassurance, and credit cards. Operating expenses for 1H26 increased 9.2% YoY to THB 15,693 million, affected by marketing costs and one-time IT write-offs, yielding a cost-to-income ratio of 46%.

The bank accelerated its capital management strategy, completing a cumulative share repurchase of THB 21,000 million (10,038 million shares, or 10.29% of paid-up capital) as of June 2026, reaching its original target one year ahead of schedule. Shareholders previously approved expanding the total buyback budget to THB 35,000 million over a four-year period from 2025 to 2028. Following the execution of the repurchase, the bank reported a Capital Adequacy Ratio (CAR) of 19.0% and a Tier 1 Ratio of 17.0%, well above the Bank of Thailand's regulatory requirements for Domestic Systemically Important Banks (D-SIBs).

Regarding customer financial support, ttb introduced a "Risk-based Pricing" model that has extended THB 4,100 million in loans, reducing interest expenses for qualifying clients by over THB 650 million. Additionally, the bank's Debt Consolidation Program enrolled over 80,000 participants and reduced interest burdens by THB 3,200 million. Other relief measures include the "Pay Well, Get More" program, covering THB 5,300 million in loans across 11,400 customers, and the "You Fight, We Help" initiative, assisting 77,500 customers with THB 37,000 million in outstanding loans.

Balance sheet metrics showed total loans standing at THB 1,184 billion in 2Q26, up 0.5% quarter-on-quarter (QoQ) but down 1.8% year-to-date (YTD), driven primarily by retail lending products including ttb cash your home, ttb cash your book, and personal loans. Deposits reached THB 1,274 billion, up 1.5% QoQ and 0.4% YTD, backed by growth in ttb no fixed non-transactional savings and CASA deposits, while fixed time deposits decreased upon maturity in line with funding cost strategies.