Bangkok: TISCO Group has announced a net profit of 1.73 billion baht for the third quarter of 2025, marking a 1.0% increase compared to the same period last year. Despite the economic headwinds, the company managed to achieve growth across all its business groups, aided by high credit loss provisions designed to cushion against economic challenges. While the loan business saw a slight decrease of 0.8%, non-performing loans (NPLs) reduced to 2.3%, reflecting strong debt quality. Projections for the Thai economy show a growth rate of 1.9-2.1% in 2025, with a potential decline to 1.6-1.8% in 2026.
According to Thai News Agency, TISCO Group’s CEO, Sakchai Pichapat, highlighted the growth achieved in the third quarter, with a net profit increase driven by the expansion across all business sectors and strategic cost management. The group’s return on average equity (ROAE) stood at 16.6%, underscoring its robust performance amidst economic uncertainties.
TISCO’s operating income rose by 10% in both the banking and capital markets sectors. The net interest income saw an uptick due to reduced deposit costs, which aligned with a declining interest rate environment. This created an opportunity for growth in auto hire-purchase loans, especially for electric vehicles. Enhanced customer engagement led to increased fee income from bancassurance, while the asset management business expanded through new mutual funds and a growing provident fund customer base. Although the securities business had faced challenges in the past year, it showed signs of recovery as US trade policy uncertainties eased, leading to recognized gains from an improved investment portfolio.
Loan business contraction was attributed to repayments by large corporate clients, though retail loans, including hire purchase and title loans, showed positive growth in the latest quarter. Upholding its Selective Growth policy, TISCO Group focuses on lending responsibly, adhering to Responsible Lending Guidelines. Efforts in debt restructuring and targeted debtor assistance have sustained loan quality, with NPLs at 2.3% and a coverage ratio of 171%.
CEO Sakchai noted the persistent difficulties in the Thai economy for the remaining year, exacerbated by US tariffs, tourism sector recovery lag, household debt, and high living costs. These factors constrain economic growth, projected at 1.9-2.1% for 2025. Despite these challenges, TISCO Group remains focused on quality growth and efficient management to support its clients, continuing its role as a comprehensive financial advisor.
In the first nine months of 2025, TISCO Group reported a net profit totaling 5,017 million baht, reflecting a 3.5% decrease compared to the same period in 2024, primarily due to elevated credit loss provisions. However, total revenue saw a 2.2% increase, bolstered by non-interest income from insurance brokerage and fund management. As of September 30, 2025, TISCO Group’s total loans were 230.409 billion baht, reflecting a 0.8% decrease from the end of 2024, mainly due to corporate loan repayments. Retail loans experienced growth, driven by used car and motorcycle hire purchases. TISCO Bank maintains a strong capital position, with an estimated capital adequacy ratio well above the regulatory requirement set by the Bank of Thailand.