Thai Credit Bank has announced a strong financial performance for the second quarter ended 30 June 2025, with a notable increase in net profit despite a slight dip in overall operating income.
The bank’s net profit for Q2 2025 reached THB 925.2 million, marking a significant 12.8% rise from THB 820.1 million in the same period last year. This positive outcome was primarily attributed to a substantial reduction in expected credit losses.
A key factor was the expected credit loss (ECL), which saw a considerable decrease of 28.93% in Q2 2025, falling to THB 872.8 million from THB 1,228.1 million in Q2 2024. This reduction is a result of prudent loan management and measures like “You Fight, We Help.” The bank’s allowance for expected credit loss increased to THB 11,340.9 million as of 30 June 2025, up 5.6% from 31 December 2024.
In terms of asset quality, the Gross Non-Performing Loans (NPLs) ratio slightly decreased to 4.3% as of 30 June 2025 (from 4.4% at year-end 2024). The NPL coverage ratio increased to 154.4% (from 148.6% as of 31 December 2024), demonstrating enhanced provision.
Thai Credit Bank also reported robust loan growth, with total gross loans increasing by 13.0% to THB 171,661.8 million compared to the same period last year. This expansion was predominantly driven by strong demand in the Micro SME, Home Equity, and Personal Loan segments.
However, the bank’s net operating income (revenue) slightly decreased by 2.48% to THB 3,564.0 million in Q2 2025 from THB 3,654.6 million in Q2 2024. This was influenced by a 4.1% decline in net interest income, partly due to policy rate cuts and debtor assistance. In contrast, non-interest income saw a significant turnaround, moving to a gain of THB 29.8 million in Q2 2025 from a loss of THB 30.6 million in Q2 2024.
Total other operating expenses increased by 9.98% to THB 1,540.9 million, mainly driven by higher revenue share paid to partners and increased premises and equipment expenses.
Despite some challenges, the bank maintained a strong financial standing, with its Return on Equity (ROE) ratio remaining high at 15.41% in Q2 2025.
