Bank profits up 3.97% in H1

Hampered by drop in net interest margin

- SOMRUEDI BANCHONGDUANG

Thailand's banking industry reported a modest increase in net profit for the first half of 2025, weighed down by a decline in net interest margin, lower interest rates, and sluggish loan growth.

According to financial statements submitted to the Stock Exchange of Thailand (SET), 11 SET-listed banks and their subsidiaries posted a combined net profit of 134.5 billion baht for the first half of 2025, marking a year-on-year increase of 3.97%.

Among the six domestic systemically important banks (D-SIBs), only SCB X — the holding company of Siam Commercial Bank (SCB) — and Bangkok Bank (BBL) recorded net profit growth.

SCB X reported the highest net profit growth in the sector, rising 18.7% year-on-year to 25.2 billion baht. BBL followed with a net profit of 24.4 billion baht, up 9.5%.