SCB X Reports Q2 Profit of 11.1 Billion Baht
SCB X posted Q2 net profit of 11.1 billion baht, up 9 percent from the previous quarter, as gains from investments and trading offset declining net interest income from lower interest rates.
On July 21, 2025, SCB X Public Company Limited reported second-quarter net profit of 11.117 billion baht, a 9 percent increase from the previous quarter. The growth was supported by improved net interest income and significant gains from investment and trading activities, demonstrating the resilience of SCB X's diversified business model, which integrates traditional banking, digital financial services and retail lending, and platform and technology businesses to generate multiple revenue streams and balanced risk management in a declining interest rate environment. However, year-over-year profit declined 13.1 percent.
The bank reported net interest income of 27.306 billion baht, up 2 percent quarterly but down 10.2 percent year-over-year due to pressure on net interest margins following rate cuts in 2024-2025. Loan growth remained steady compared to year-end, reflecting prudent credit disbursement across the group. Diversified revenue sources helped offset the impact of lower rates, with fee and other income reaching 11.365 billion baht, up 14.8 percent year-over-year, driven by wealth management business growth through the SCB WEALTH by CardX credit card linking wealth services to daily spending and expanded global investment options via InnovestX. Investment and trading income stood at 2.552 billion baht, down 21.2 percent year-over-year but up significantly 349.1 percent quarter-over-quarter due to improved performance of the bank's investment portfolio.
Operating expenses totaled 17.042 billion baht, down 2.2 percent year-over-year, yielding a cost-to-income ratio of 41.3 percent, reflecting continued cost discipline through process optimization, resource management, expense restructuring aligned with business conditions, and deployment of artificial intelligence and automation across group operations amid revenue headwinds from lower rates.
The bank continues to provide targeted customer assistance through its "You Fight, We Help" program and debt restructuring for customers with recovery potential, while actively managing asset quality. The non-performing loan ratio improved to 3.17 percent at quarter-end from 3.23 percent in the previous quarter, with provisions down 5.3 percent year-over-year. The coverage ratio remained strong at 158.6 percent, and regulatory capital adequacy stood at a robust 18.6 percent.
