TMBThanachart Bank Public Company Limited (SET: TTB) has reported a net profit of THB 20,639 million for the 2025 financial year, representing a resilient performance with only a 1.9% decrease compared to THB 21,031 million in 2024. The bank navigated a challenging environment characterized by domestic economic slowdowns, natural disasters, and a total of five policy rate cuts since late 2024.
| Year | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
20,639.42 | 21,031.03 |
| Earning Per Share (Baht) |
0.2200 | 0.2200 |
| % Change | -1.86 | |
The interest rate downtrend significantly impacted Net Interest Income (NII), which fell 10.3% year-on-year (YoY) to THB 50,637 million. This decline was primarily due to compressed loan yields and interest rate reductions for debt assistance programs. Consequently, the Net Interest Margin (NIM) narrowed to 3.04% from 3.26% the previous year. Total operating revenue also saw a decline, dropping 5.4% YoY to THB 65,677 million.
However, TTB successfully offset some of these losses through a 16.2% surge in Non-Interest Income (Non-NII), which reached THB 15,040 million. This growth was driven by a recovery in core strategic fees—particularly in Bancassurance and mutual funds—and the strategic acquisition of Thanachart Securities, which strengthened the bank’s wealth ecosystem.
In terms of lending, TTB maintained a “quality over quantity” strategy, leading to a 2.9% contraction in total loans compared to the end of 2024. While the NPL ratio rose slightly to 2.87% from 2.59%, the bank’s proactive de-risking resulted in a 17.0% decline in Expected Credit Loss (ECL), which dropped to THB 16,485 million. The bank remains conservative, maintaining a robust LLR coverage ratio of 152% by setting management overlays against future uncertainties.
Operating expenses remained flat at THB 29,533 million, reflecting disciplined cost control despite the cost-to-income ratio rising to 45% from 42.6% in 2024. Looking ahead, TTB intends to focus on digital transformation and high-yield retail segments to stabilize margins in a low-rate environment.
At the end of December 2025, the Bank has the remaining tax benefit of THB5.7 billion to be subsequently recognized within 2028. The recognition will not be on a straight-line basis but will be subject to the estimation of future net profit stream. The tax benefit was THB6.9 billion at the end of the third quarter of 2025.
