Banks post marginal profit growth in Q1

The banking industry reported marginal growth in net profit for the first quarter of 2025, primarily due to lower net interest income (NII), aligning with a contraction in loans.

- SOMRUEDI BANCHONGDUANG

Ten of the 11 SET-listed banks, excluding Thai Credit Bank, reported a combined net profit of 67.4 billion baht for the first quarter of 2025, representing a 4.96% year-on-year increase.

Among the six domestic systemically important banks (D-SIBs), Bangkok Bank (BBL) posted the highest growth in net profit at 12.6 billion baht, an increase of 19.9%.

This was followed by SCB X, the holding company of Siam Commercial Bank (SCB), with a net profit of 12.5 billion baht, up 10.8% year-on-year.

Despite reporting the highest net profit among D-SIBs at 13.7 billion baht, Kasikornbank (KBank) saw only slight growth of 1.08%.

Similarly, Krungthai Bank (KTB) posted marginal growth of 0.33%, with a net profit of 11.7 billion baht.