TMBThanachart Reports THB 15.4 Billion Net Profit for 9M25, Maintains Strong Asset Quality

Brickinfo News Agency – TMBThanachart Bank Public Company Limited (ttb) reported a net profit of THB 5,299 million for the third quarter of 2025 (3Q25), maintaining stability compared to the same period last year. The bank’s cumulative net profit for the first nine months (9M25) reached THB 15,399 million, a 4.0% decrease year-on-year. Despite ongoing revenue pressures from the economic slowdown and policy rate adjustments, ttb prioritized cost efficiency and prudent provisioning to sustain performance and safeguard against future risks, while also focusing on customer debt relief initiatives.

The bank maintained sound asset quality, with the Non-Performing Loan (NPL) ratio holding steady at 2.81%, remaining within the bank’s target guidance of 2.9%. This resilience was supported by a selective loan growth strategy and proactive de-risking activities, which included customer support programs like “You Fight, We Help.” As a result, NPLs have remained stable at approximately THB 39,000 million over the past four quarters. The bank also maintained a strong coverage ratio of 151%.

Mr. Piti Tantakasem, CEO of TMBThanachart, noted that the overall operating performance and bottom-line momentum were “in line with target but still reflected revenue pressure from economic slowdown, policy rate cuts and lending rate reductions for customers’ debt relief support.” He stated that in response, ttb “prioritized cost control, efficiently managing funding cost, operating cost, and credit cost or provision expenses to sustain operating performance while maintaining strong risk buffer.”

Despite a decline in normal provisions due to sound asset quality fundamentals, the bank set aside extra provisions through Management Overlay due to the uncertain economic outlook. This resulted in credit cost for 9M25 reaching 142 basis points, higher than the pre-Covid-19 level of 125 basis points in 2019. This prudent provisioning approach has fortified the coverage ratio to 151%.

Loan outstanding was THB 1,198 billion as of 3Q25, reflecting a prudent growth strategy, although there was a slight decline quarter-on-quarter (0.7%) and year-to-date (3.5%). Deposit totals were THB 1,270 billion, down 1.5% quarter-on-quarter. Revenue performance saw a 7.4% quarter-on-quarter rise in Non-Interest Income, primarily from higher fees in bancassurance and mutual funds, while Net Interest Income decreased by 2.6%. Operating expenses for 9M25 declined 0.8% year-on-year, keeping the cost-to-income ratio at 44%, aligning with cost efficiency targets.

ttb continues its commitment to customers through debt relief programs. The “You Fight, We Help” program has seen participation from over 71,000 customers across hire purchase, personal loan, and SME segments, covering approximately THB 40,000 million in loan outstanding. The “Debt Consolidation” program has also expanded to include 62,450 customers, a significant increase from 37,470 in 2024, helping to reduce customer interest burdens by over THB 2,700 million. The bank’s capital position remains robust, with a Capital Adequacy Ratio (CAR) of 19.9% and Tier 1 Ratio of 17.9%, significantly above the Bank of Thailand’s minimum requirements.