Thai Credit Bank Public Company Limited (SET: CREDIT) reported a decline in net profit for the third quarter of 2025 (3Q25), pressured by higher credit provisions and a narrower interest margin, despite an improvement in operating income.
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
1,013.48 | 1,161.87 |
| Earning Per Share (Baht) |
0.82 | 0.94 |
| % Change | -12.77 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
2,841.67 | 2,431.59 |
| Earning Per Share (Baht) | 2.30 | 1.99 |
| % Change | 16.86 | |
The Bank posted a net profit of THB 1,013.5 million in 3Q25, down from THB 1,161.9 million in 3Q24.
Financial performance was constrained by a contraction in the core banking spread, with the Net Interest Margin (NIM) dropping to 7.6% in 3Q25 from 8.7% a year earlier. As a result, Net Interest Income (NII) declined to THB 3,650.1 million, compared with THB 3,749.6 million in 3Q24.
However, non-interest income provided a strong offset, rebounding sharply to THB 171.3 million from a negative THB 68.1 million in the same quarter last year. This turnaround lifted net operating income to THB 3,821.4 million, up from THB 3,681.5 million in 3Q24.
Total other operating expenses rose to THB 1,614.4 million in 3Q25, up from THB 1,467.2 million in 3Q24, reflecting continued investments in business expansion and operational support.
At the same time, Expected Credit Loss (ECL) rose to THB 936.5 million, compared with THB 759.0 million a year earlier. The increase in provisioning was attributed to loan portfolio expansion and prudent risk management practices amid a fragile economic backdrop.
Despite the higher ECL, asset quality remained stable, supported by cautious lending and proactive debt-assistance measures. The gross Non-Performing Loan (NPL) ratio improved slightly to 4.2% as of 30 September 2025, compared with 4.4% as of 31 December 2024, aided by measures to prevent loans from migrating to Stage 3. The NPL coverage ratio remained strong at 156.6%, underscoring robust credit loss buffers.
Thai Credit’s loan growth increased 3.5 percent from 2Q/2025 and increased 8.9% from December 31, 2024, mainly due to the Micro SME loan, Home Equity loan, and Personal loan.
