Bangkok: TMB Thanachart Bank reported a net profit of 5.299 billion baht for the third quarter of 2025, with a total net profit of 15.399 billion baht for the first nine months. Asset quality remains stable, with a stable NPL trend and a high NPL coverage ratio of 151%. The bank emphasizes its commitment to helping customers achieve sustainable debt relief.

According to Thai News Agency, TMB Thanachart Bank Public Company Limited (TMB Thanachart) announced its operating results for the third quarter and the first nine months of 2025. The bank and its subsidiaries reported a net profit of 5.299 billion baht in the third quarter, stable compared to the same quarter last year. For the first nine months of 2025, the bank reported a net profit of 15.399 billion baht, a decrease of 4%. The bank continues to emphasize cost management to maintain profitability. Asset quality remains stable, with a non-performing loan ratio of 2.81%, below the target range. The bank continues to set aside special provisions beyond the normal level to maintain a high NPL coverage ratio of 151%, in line with its commitment to shareholders to preserve shareholder value from future risks. Regarding its customer assistance mission, the bank continues to assist customers with debt relief through various programs, covering both vulnerable and high-profile customers.

Mr. Piti Tantakasem, Chief Executive Officer of TMB Thanachart Bank, revealed that overall performance and profit trends for the third quarter and the first nine months of 2025 were in line with targets. However, they still reflect revenue pressures from the economic slowdown, the downward trend in policy interest rates, and interest rate cuts to assist customers. The bank continues to focus on effective cost management, including financing costs and operating costs, as well as prudent risk management and provisioning expenses. This is to ensure that the bank can maintain its operating performance while maintaining a strong risk buffer.

This strategy, driven by quality loan growth, proactive debt resolution, and customer support through various programs, including the “You Fight, We Help” initiative, has resulted in improved loan portfolio quality. Vulnerable debtors have been able to repay their debts and have fallen into less non-performing loans. Consequently, NPLs have stabilized, remaining at 39 billion baht over the past four quarters. The NPL ratio has consistently remained below 2.9%, in line with the target.

Given the stable asset quality fundamentals, normal provisioning expenses are expected to decrease. However, given the highly uncertain economic outlook, TTB is considering additional management overlays, resulting in overall provisioning expenses remaining high compared to normal conditions. This is reflected in the credit cost for the first nine months of 2025 of 142 basis points, compared to 125 basis points in 2019 before the COVID-19 crisis. This high level of provisioning has resulted in a strong coverage ratio of 151%.

This move reinforces TTB’s prudent business approach and commitment to protecting shareholder value from potential downside risks. Meanwhile, TTB’s capital management to enhance shareholder value in both the short and long term remains as planned, including maintaining a high dividend payout ratio, implementing a three-year share buyback program from 2025 to 2027, and driving inorganic growth, including a planned stake acquisition in TLeasing to enhance the bank’s car and salaryman ecosystem.

Regarding our customer commitment, we continue to provide assistance to debtors through various projects, covering both vulnerable groups and customers with good credit history. As of the end of the third quarter, the “You Fight, We Help” program had over 71,000 home loan, auto loan, personal loan, and SME loan customers participating in both Phases 1 and 2, representing approximately 40 billion baht in loans.

The “Debt Consolidation” program, which the bank has been continuously implementing, has seen over 62,450 customers participate, up from 37,470 last year, and has helped customers reduce their interest burden by over 2.7 billion baht. The “Good Payments, Get Rewards” program is also available for customers with financial discipline and a consistent repayment history. This program covers home loans, car loans, and personal loans.

Given the economic outlook that remains fraught with risk factors, TTB continues to emphasize prudent business practices, coupled with organizational transformation to create new revenue streams, streamline cost structures, and achieve its long-term goal of becoming a Humanized Digital Bank. Importantly, the bank continues to assist customers through various debt relief programs and promotes responsible lending practices to improve their financial well-being.

Details of the main operating results for the third quarter and the first nine months of 2025 are as follows:

Loans at the end of Q3 2025 stood at 1,198 billion baht, a 0.7% decrease year-over-year (QoQ) and 3.5% year-over-year (YTD) from the end of Q2 2025. This decline is a result of a prudent loan growth strategy to ensure loan portfolio quality. Target loan segments continued to expand, led by home-for-cash loans, loan book-for-cash loans, and credit cards, supported by quality customer groups within the bank’s ecosystem, including homeowners, car owners, salaried employees, and wealth customers.

Deposits totaled 1.27 billion baht, a decrease of 1.5% QoQ and 4.4% YTD, in line with loan trends and liquidity management plans. The decrease was primarily attributed to maturing long-term fixed deposits. Meanwhile, deposits in foreign currency accounts and ttb no-fixed deposits continued to expand well, driven by the strategy to expand the wealth customer base. As a result, the loan-to-deposit ratio (LDR), reflecting liquidity, remained high at 94%, providing flexibility for managing funding costs going forward.

In terms of revenue, non-interest income in Q3 2025 increased by 7.4% quarter-over-quarter, driven by fee income from the bancassurance business and mutual fund sales. Fee income from Thanachart Securities, a subsidiary, was also recognized. However, net interest income decreased by 2.6% quarter-over-quarter, resulting in total operating income for Q3 2025 of 16.313 billion baht, a 0.4% quarter-over-quarter decrease. For the first nine months, operating income was 49.248 billion baht, a 5.8% year-over-year decrease.

While operating expenses stood at 7,403 million baht in Q3, a 1.8% increase QoQ, totaling 21,771 million baht for the first nine months of 2025, a 0.8% YoY decrease, the cost-to-income ratio for the first nine months of 2025 remained at 44%, remaining in line with targets, reflecting the continued emphasis on cost discipline and operational efficiency enhancement.

Provisioning expenses totaled 3.98 billion baht in the third quarter, a 7.3% decrease year-over-year. For the first nine months of 2025, provisions totaled 12.854 billion baht. Although this represents a 15.2% decrease year-over-year, it remains high compared to the normal economic climate. After provisions and taxes, the bank’s net profit for the third quarter of 2025 was 5.299 billion baht, unchanged from the same period last year. Net profit for the first nine months of 2025 was 15.399 billion baht, a 4.0% decrease.