Thai Credit Posts 18% Profit Growth in First Half

Thai Credit Bank's Chief Executive Officer Roy Augustinus Kunara announced first-half 2025 results showing net profit of 2,153.9 million baht, a 17.8% increase compared to the same period last year, while second-quarter profit reached 989.3 million baht, up 6.9%. The bank's earnings per share totaled 1.74 baht for the half-year and 0.80 baht for Q2 2025, demonstrating strong and stable business fundamentals despite challenging economic conditions.

Key performance drivers included a 6.8% rise in interest income from sustained credit expansion, with total outstanding loans reaching 194,080.5 million baht at the end of Q2 2025—up 13.1% year-on-year. Micro SME credit grew particularly strongly at 13.9% following the launch of the new "SME Help Boost" credit product and the Micro SME Business Center, a comprehensive business advisory hub. Home-secured lending expanded 9.4% and personal lending surged 44.9%, while the bank also received compensation income from government flood-relief measures.

Interest expenses increased 9.7%, primarily from debt instruments and subordinated bonds issued as part of a strategic cost management plan aligned with current market conditions. Thai Credit Bank continues disciplined financial management with rigorous credit risk controls paired with proactive measures supporting business liquidity under government stimulus programs like the SMEs Credit Boost initiative, which helps entrepreneurs access funding efficiently at fair rates. The bank's net interest margin improved to 7.1% for the first half of 2025.

Asset quality remained well-managed, with the gross non-performing loan ratio rising slightly to 4.3% but staying within the bank's target range, while NPL coverage ratio held steady at a strong 148.2%, up from year-ago levels and positioned to absorb future economic uncertainty. The bank maintains confidence in achieving double-digit credit growth in 2025 while controlling its NPL ratio.