Kiatnakin Phatra Bank Public Company Limited (SET: KKP) has announced its 3Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
1,669.88 | 1,304.63 |
| Earning Per Share (Baht) |
2.02 | 1.55 |
| % Change | 28.00 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
4,140.90 | 3,579.44 |
| Earning Per Share (Baht) | 5.00 | 4.23 |
| % Change | 15.69 | |
KKP delivered a solid performance in the third quarter of 2025, reporting a consolidated net profit of 1,670 million baht, up 28% year-on-year. The improvement was primarily driven by enhanced credit quality management and a sharp reduction in operational losses.
A key contributor to the stronger bottom line was the decline in losses from the sale of repossessed vehicles, which dropped 53.2% YoY to 569 million baht. This improvement helped reduce total other operating expenses by 13.5% for the quarter.
Core Lending Still Under Pressure
Despite the stronger profitability, KKP’s core lending business continued to face challenges. Net Interest Income (NII) fell 14.3% YoY to 4,233 million baht, reflecting the bank’s conservative loan growth strategy and emphasis on high-quality lending. Lower lending rates—driven by policy rate cuts and customer relief programs (“Khun Soo, Rao Chuay”)—also weighed on margins.
As a result, the loan spread (Net Interest Margin) narrowed to 4.4% in 3Q25, compared to 4.7% in the same period last year.
The decline in NII was more than offset by strong growth in non-interest income, which jumped 49.7% YoY to 2,496 million baht. The surge was underpinned by expanding wealth management operations, higher asset management fees, and significant gains on financial instruments (FVTPL) amid favorable market conditions.
Stable Asset Quality with Strong Provisions
Asset quality remained broadly stable, with the non-performing loan (NPL) ratio holding at 4.3% in 3Q25, unchanged from the previous quarter. The volume of NPLs (excluding POCI) declined, supported by improvements in the hire purchase portfolio.
KKP continued to adopt a prudent provisioning policy, setting aside 909 million baht in Expected Credit Loss (ECL) provisions during the quarter, including additional management overlays to cushion against macroeconomic risks and potential stress among customers under relief programs.
This cautious approach lifted the NPL coverage ratio to 136.6% at the end of the quarter.
Reflecting its conservative stance, total loans contracted 6.0% year-to-date as the bank prioritized portfolio quality over growth. KKP ended the quarter with a robust capital base, reporting a total Capital Adequacy Ratio (BIS ratio) of 17.22% as of September 30, 2025 (excluding 3Q25 profit).
