Kiatnakin Phatra Bank Public Company Limited (SET: KKP) has delivered a robust full-year 2025 performance, reporting a net profit of Baht 5,913 million, representing a 17.5% increase from 2024. This growth was achieved despite a challenging economic backdrop where the Thai economy expanded at a subdued pace of approximately 2.0%.
| Year | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
5,912.91 | 5,030.75 |
| Earning Per Share (Baht) |
1.1900 | 5.9700 |
| % Change | 17.54 | |
The bank’s total operating income declined by 5.0% YoY to Baht 25,473 million. This was primarily driven by a 13.1% contraction in net interest income, which fell to Baht 17,257 million. The decline reflects the bank’s “asset-quality-focused” strategy, which involved moderating loan growth in high-risk segments, alongside the impact of multiple policy interest rate cuts throughout the year. Offsetting this, non-interest income surged 18.2% to Baht 8,217 million, bolstered by strong performance in wealth management, the Dime! business, and higher bancassurance fees.
In line with its prudent lending stance, total loans contracted by 6.7% compared to the end of 2024. Retail lending saw a 7.4% decline, with hire purchase loans specifically contracting by 9.3%. Despite this contraction, the bank’s non-performing loan (NPL) ratio remained well-controlled at 4.3%, a slight increase from 4.2% in the previous year due to the smaller loan base.
A pivotal factor in the bank’s profitability was the 50.3% reduction in losses from the sale of repossessed vehicles, which dropped to Baht 2,401 million. Additionally, expected credit losses (ECL) decreased by 7.1% to Baht 3,693 million. While provisions fell, KKP maintained a disciplined framework by including a management overlay to shield against potential risks from economic uncertainty and flood-related impacts in Southern Thailand.
The bank concluded 2025 with a strong capital position, reporting a total capital adequacy ratio of 16.43%, significantly exceeding regulatory requirements. Total assets stood at Baht 488,095 million, a 2.1% decrease from 2024, reflecting the ongoing strategic focus on quality over volume.
