Bangkok Bank Public Company Limited (SET: BBL) reported a net profit of Baht 11,840 million in the second quarter of 2025 (Q2/25). This figure was broadly in line with the Baht 11,807 million recorded in the second quarter of 2024 (Q2/24), representing a slight increase of 0.3 percent. This performance reflects the Bank’s effective asset management amidst prevailing economic conditions.
Examining the components of operating income, net interest income for Q2/25 amounted to Baht 31,706 million, marking a 4.3 percent decrease from Baht 33,134 million in Q2/24. This decline aligned with the prevailing interest rate environment. Conversely, non-interest income saw a significant rise, increasing by 22.2 percent to Baht 12,715 million in Q2/25, up from Baht 10,404 million in Q2/24. This growth was primarily driven by gains on financial instruments measured at Fair Value Through Profit or Loss (FVTPL) and gains from investments. However, net fees and service income experienced a decline, notably from loan-related services and seasonally softer bancassurance and mutual fund services.
Regarding the loan portfolio and asset quality, total loans as of June 30, 2025, stood at Baht 2,712,930 million, representing a rise of 0.7 percent from the end of December 2024, primarily driven by loans to large corporate customers.
The non-performing loan (Gross NPL) amount increased to Baht 105,521 million by the end of June 2025. Consequently, the Gross NPL to total loans ratio stood at 3.2 percent as of June 30, 2025, up from 2.7 percent at the end of December 2024, yet remaining at a manageable level.
The Bank’s expected credit losses for Q2/25 were Baht 10,740 million, a 3.0 percent increase from Baht 10,426 million in Q2/24. This figure remained broadly stable year-on-year, reflecting the Bank’s continued prudent management approach amidst economic uncertainties. The allowance for expected credit losses stood at Baht 299,254 million as of June 30, 2025. Despite the increase in Gross NPL, the allowance for expected credit losses to NPL ratio remained strong at 283.6 percent, although it declined from 334.3 percent at the end of December 2024.
