BBL posts 20% uptick in net profit in first quarter

Bangkok Bank (BBL) reported 20% year-on-year growth in net profit for the first quarter of 2025, supported by a sharp increase in fee-based income, despite a contraction in loan volume.

- SOMRUEDI BANJONGDUANG

BBL, the country’s largest lender by total assets, and its subsidiaries posted a consolidated net profit of 12.6 billion baht for the quarter, up 19.9% year-on-year.

The growth was largely attributed to a rise in total operating income, according to the bank’s statement to the Stock Exchange of Thailand.

The bank also recorded total non-interest income of 13.7 billion baht, a 66.4% year-on-year increase.

Conversely, net interest income fell 4.5% year-on-year to 31.9 billion baht.

The bank’s net interest margin (NIM) also declined to 2.89%, compared with 3.06% in the same quarter last year, aligning with prevailing market interest rate trends.