Krungsri Profit Hits 25.5 Billion, Bangkok Bank 29 Billion

Krungsri (Bank of Ayudhya Public Company Limited and its subsidiaries) reported operating results for the first nine months of 2026 with a net profit of 25,572 million baht, an increase of 3.9% compared to the same period in 2025. This reflects the bank's strong operating performance amid a low interest rate environment, supported by continuous growth in lending to large corporate customers and ASEAN businesses, expansion of net fee and service income, and efficient management of financial costs and operating expenses. Although the lending market continues to face challenges, total loans still expanded 0.8%, in line with the bank's quality growth strategy, driven by strong growth in large corporate lending (6.5%) and ASEAN lending (7.7%). However, this growth was partially offset by contractions in the medium and small business segments and domestic retail lending.

Key financial highlights for the first nine months of 2026: • Net profit for the first nine months of 2026 was 25,572 million baht, up 3.9% or 960 million baht from the same period in 2025, reflecting the bank's ability to generate strong earnings amid low interest rates. Growth was driven by lending expansion led by large corporate and high-yield ASEAN customers, as well as recognition of performance from the TIDLOR loan portfolio. Efficient management of financial costs and operating expenses also supported profit growth and operational resilience. • Total loans increased 0.8% or 15,382 million baht from end-2025, consistent with the bank's quality loan growth strategy. Growth was mainly supported by continued expansion in large corporate (6.5%) and ASEAN (7.7%) segments, partially offset by contractions in medium and small business and domestic retail lending. • Deposits decreased 1.7% or 29,380 million baht from end-December 2025, primarily due to a decline in fixed deposits, partially offset by growth in savings deposits, in line with the bank's balance sheet and funding structure strategy to reduce financial costs while maintaining deposit base strength. • Net interest margin (NIM) improved to 4.58% from 4.28% in the first nine months of 2025, supported by a higher-yielding loan portfolio from recognition of the TIDLOR portfolio performance, and proactive, careful liquidity and financial cost management aimed at reducing funding costs through efficient deposit and borrowing structures. • Non-interest income rose 3.7% or 1,444 million baht from the first nine months of 2025, reflecting the strength and diversification of the bank's fee and service income base and its ability to generate revenue continuously amid a challenging operating environment. • Cost-to-income ratio improved to 4... (data truncated in source).