On Monday at 3:29 PM (Bangkok time), the share price of Bangkok Bank Public Company Limited (SET: BBL) gained 2.57% or THB 4.50 to THB 179.50, with a trading value of THB 5.20 billion.
SCB X Public Company Limited (SET: SCB) rose by 1.42% or THB 2.00 to THB 143.00, with a trading value of THB 4.11 billion.
Kasikornbank Public Company Limited (SET: KBANK) added 1.45% or THB 3.00 to THB 210.00, with a trading value of THB 3.70 billion.
Kiatnakin Phatra Bank Public Company Limited (SET: KKP) advanced by 0.54% or THB 0.50 to THB 93.25, with a trading value of THB 397.40 million.
TMBThanachart Bank Public Company Limited (SET: TTB) increased by 0.84% or THB 0.02 to THB 2.40, with a trading value of THB 337.13 million.
Bualuang Securities (BLS) noted in its analysis regarding potential upside for the Thai banking sector’s total loan growth for 2026. As of the end of May 2026, the total loan balance for the seven banks under Bualuang’s coverage stood at THB 10.8 trillion, remaining stable compared to the previous month but up 0.7% from the same period last year.
Month-on-month loan growth was primarily driven by Kasikornbank (KBANK), which saw an increase of 2.2% from corporate lending; Kiatnakin Phatra Bank (KKP), up 1.5%, also from corporate loans; and TISCO Financial Group (TISCO), which recorded a 0.5% gain from both corporate and SME lending.
Conversely, several banks reported a decline in loan balances during the same period. Krung Thai Bank (KTB) led the declines with a drop of 1.1%, followed by SCB X (SCB) falling 0.8%, Bangkok Bank (BBL) down 0.6%, and TMBThanachart Bank (TTB) down 0.2%.
Regarding deposits, the group reported total deposits of THB 13.2 trillion at the end of May 2026, decreasing by 0.6% from the prior month, led by KTB, BBL, and TTB.
Bualuang projects that the total outstanding loans for its covered banks will likely remain flat month-on-month at the end of June 2026, citing the continued cautious approach to new lending, owing to the slow pace of economic recovery and additional pressure stemming from the ongoing conflict in the Persian Gulf. Nevertheless, the brokerage expects significant loan demand growth to materialize in 4Q26, driven by increased working capital needs and higher consumer demand ahead of the holiday season.
A potential upside of 1-2% to the 2026 total loan growth projections for the group is estimated, with a higher figure of 1-3% specifically for KBANK and KKP. Meanwhile, TTB is anticipated to face a downside risk of around 1-2%, while projections for BBL, KTB, SCB, and TISCO are expected to remain consistent with earlier forecasts.
On the performance front, KBANK and TTB are anticipated to lead in net profit growth during April–May 2026. The cumulative adjusted net profit of the covered banks reached THB 1.9 trillion as of the end of May, an increase of THB 48.5 billion from the end of March.
Year-over-year, KBANK led the profit gains with a 22% increase, followed by TTB at 20%, TISCO at 19%, KTB at 10%, SCB at 7%, and KKP at 4%. However, BBL was the only bank in the coverage group to report a 2% decline.
