Bangkok: Krungthai Bank has announced a significant net profit of 14.62 billion baht for the third quarter of 2025, marking a 25% increase compared to the previous year.
According to Thai News Agency, the bank’s robust performance was driven by notable growth in its money market, capital market, and wealth management sectors. Additionally, the Thai government’s “Quick Big Win” policy is anticipated to bolster economic confidence, contributing to the bank’s favorable results for the first nine months, which saw a net profit of 37.456 billion baht.
Mr. Payong Srivanich, President and CEO of Krungthai Bank, highlighted that the Thai economy experienced a 3% growth in the first half of 2025, primarily propelled by accelerated exports to the US ahead of tariff increases. However, he cautioned that economic growth might slow down in the upcoming quarters due to the cessation of export acceleration. Despite facing structural challenges such as high household debt, a large informal economy, and competitiveness issues, the government’s economic stimulus initiatives are expected to provide much-needed support to the economy.
Krungthai Bank is prioritizing prudent operations by focusing on asset quality management and uncertainty mitigation. The bank is committed to helping all customer groups, particularly those with high debt burdens, through initiatives such as the “You Fight, We Help” program and the “Sustainable Government Debt Consolidation Loan Program.” The bank also maintains its support for businesses adapting to global dynamics, enhancing their potential for growth.
In the third quarter of 2025, compared to the same period in 2024, Krungthai Bank saw a 25.1% increase in net profit attributable to equity holders. This growth was supported by a 3.4% rise in operating income, driven by gains from investments in debt instruments and foreign exchange, as well as increased fee income from wealth management. Despite a decrease in net interest income due to the current interest rate environment, the bank effectively managed expenses, reducing its cost-to-income ratio to 37.7%.
The bank reported an improvement in asset quality, with a non-performing loan (NPL) ratio of 2.88%, down from 2.99% at the end of last year. The coverage ratio also increased to 206.6%, positioning the bank to navigate expected uncertainties. The bank’s operating income grew by 5.9% compared to the second quarter of 2025, driven by favorable revenue from money and capital markets.
For the first nine months of 2025, Krungthai Bank and its subsidiaries achieved a 6.5% increase in net profit, with operating income expanding slightly and operating expenses decreasing by 4%. The bank continues to invest in technology to enhance product offerings and support future growth, maintaining a cost-to-income ratio of 40.1% and a strong capital position as per Bank of Thailand criteria.
Krungthai Bank is committed to sustainable growth through strategies aimed at increasing income, reducing costs, managing credit risk, and empowering employees. The bank has recently partnered to establish Clicks Bank Public Company Limited, a branchless commercial bank, to expand financial access and support long-term economic growth.