Bangkok Bank Public Company Limited (SET: BBL) has reported a net profit of Baht 46,007 million for the full year 2025, representing a 1.8% increase compared to 2024. Despite a fragile domestic economy and global geopolitical uncertainties, the Bank managed to grow its bottom line by diversifying revenue sources and maintaining operational efficiency.
| Year | 2025 | 2024 |
| Net Profit (Loss) Million Baht |
46,006.51 | 45,211.15 |
| Earning Per Share (Baht) |
24.1000 | 23.6900 |
| % Change | 1.76 | |
Full-Year 2025 vs. 2024
For the full year, net interest income (NII) fell by 7.7% to Baht 123,630 million. This decline was driven by lower interest rates and a 3.2% year-to-date contraction in total loans, which ended the year at Baht 2,608,286 million. Consequently, the net interest margin (NIM) squeezed to 2.75% from 3.06% in 2024.
Conversely, non-interest income surged by 30.9% to Baht 54,868 million, primarily bolstered by gains on financial instruments and investments. Operating expenses rose slightly by 2.3% to Baht 86,363 million, though the cost-to-income ratio remained stable at 48.4%. In response to economic risks, the Bank increased its expected credit losses (ECL) for the year by 3.8% to Baht 36,147 million.
4Q25 vs. 4Q24
The fourth quarter of 2025 painted a more challenging picture. Net profit for 4Q25 was Baht 7,759 million, a 25.4% drop from the Baht 10,404 million recorded in 4Q24. This sharp decline was largely due to a 13.9% year-on-year fall in NII as interest rate reductions took hold.
Operating expenses in 4Q25 also rose by 4.5% year-on-year to Baht 24,822 million, driven by marketing and seasonal costs. However, the Bank reduced its quarterly ECL to Baht 6,598 million, a 13.6% decrease compared to 4Q24, while maintaining its prudent provisioning stance.
The Gross NPL ratio edged up to 3.0% as of December 2025, compared to 2.7% at the end of 2024. Total non-performing loans increased by 10.3% over the year to Baht 94,664 million. Despite this, BBL maintains a robust NPL coverage ratio of 324.1%. The Bank’s capital position remains strong, with a total capital adequacy ratio of 21.8%, comfortably exceeding regulatory requirements.
