ttb Reports THB 5.17 Billion Net Profit for 1Q26 Amid Global Economic Uncertainties

Brickinfo News Agency – TMBThanachart Bank Public Company Limited (ttb) has announced a net profit of THB 5,170 million for the first quarter of 2026, maintaining a stable performance compared to the previous quarter. Despite ongoing geopolitical tensions in the Middle East and domestic economic pressures, the bank has focused on strengthening risk buffers and enhancing shareholder returns. Asset quality remains controlled, with the non-performing loan (NPL) ratio standing at 2.9%, well within the bank’s annual guidance.

The bank’s financial results reflect a strategic shift toward high-yielding retail lending and effective cost management. Total operating income grew by 1.8% quarter-on-quarter to THB 16,732 million, supported by a 10.2% increase in non-interest income from investment gains and fee income. While loans declined slightly by 2.2% due to repayments outpacing new bookings, deposits remained aligned with liquidity plans at THB 1,256 billion. To mitigate potential risks from the Middle East conflict, ttb increased its provision expenses by 10%, raising its coverage ratio to 154%.

Mr. Piti Tantakasem, CEO of ttb, stated: “Overall, 1Q26 operating performance was in line with target as reflected in two key aspects. First, the Bank was able to maintain a resilient bottom line while keeping asset quality well contained. Second, the Bank further enhanced three key priorities: strengthening risk buffers to address potential risk from economic headwinds, optimizing shareholder returns and providing support to all groups of customers.”

In a move to optimize shareholder value, ttb plans to propose an expansion of its share repurchase program at the upcoming Annual General Meeting. The proposed budget would increase to THB 35,000 million with an extended period of four years (2025-2028). This initiative aims to improve key financial metrics such as Earnings Per Share (EPS) and Return on Equity (ROE) while providing a cushion against stock market volatility.

On the customer front, ttb has implemented a “Risk-based Pricing” model, becoming the first Thai bank to reward customers with high credit scores with better interest rates. The bank continues to manage debt relief programs, including Debt Consolidation, which has assisted over 73,600 customers and reduced interest expenses by more than THB 2,990 million. These efforts align with the Bank of Thailand’s measures to address household debt and promote responsible lending.

Looking ahead, ttb aims to accelerate growth through its six ecosystems, with a particular focus on the wealth segment and the upcoming launch of motorcycle loans under ttb leasing. The bank also intends to improve SME access to funding through supply chain financing. As of the end of 1Q26, ttb maintains a strong capital position with a Capital Adequacy Ratio (CAR) of 19.7%, significantly above the regulatory requirements for domestic systemically important banks (D-SIBs).