TISCO reported a 6.49 billion baht profit in the first half of the year, driven by a surge in EV loans.

TISCO Group announced its operating results for the first half of 2569, reporting a net profit of 3,497 million baht, a 6.4% increase, driven by the expansion of EV hire purchase loans.

14 July 2569 Mr. Sakchai Peechapat, Group Chief Executive, TISCO Financial Group Public Company Limited It was revealed that TISCO Group's performance in the first half of 2569 improved compared to the same period of the previous year, with a net profit of 3,497 million baht, an increase of 6.4%, driven by the recovery of several core businesses, including new auto hire purchase loans, insurance brokerage, and capital markets, in line with the improving economic and investment activity.

Despite facing challenges from geopolitical tensions and global energy prices in the second quarter, TISCO Group managed its business prudently and maintained satisfactory performance. In the second quarter of 2026, net profit reached 1,764 million baht, an increase of 7.3% compared to the same period last year.

The key supporting factors stem from the recovering domestic automotive market, particularly the increasing popularity of electric vehicles (EVs). This resulted in a 14% growth in overall domestic car sales and significantly boosted the hire purchase loan business, one of the company's core businesses, with new loan disbursements growing by over 23%. It also positively impacted the related insurance brokerage business. Furthermore, the recovery of the capital market and a more vibrant investment climate than the previous year supported the growth of the securities, fund management, and wealth management businesses, leading to improved fee and service income for the TISCO Group.

In terms of asset quality, it remains manageable. Although some customers continue to be affected by high living costs and energy prices, prudent risk management, disciplined credit quality control, and government support measures through the SMEs Credit Boost program and the Thai Help Thai Plus (60/40) program, coupled with targeted assistance measures from the Bank of Thailand and the Thai Bankers Association, have helped alleviate the burden on borrowers and enhance liquidity in the economy. As a result, the company has been able to continuously maintain strong credit quality and reserve levels.

Mr. Sakchai stated that in the second half of the year, TISCO Group will continue to focus on quality growth rather than rapid business expansion. This will involve a cautious lending policy, focusing on customer segments and products with appropriate risk levels, coupled with close monitoring of borrowers to maintain asset quality at an optimal level. The goal is to strike a balance between growth and risk management amidst the ongoing uncertainties in the economic and financial markets.

“As Your Trusted Financial Advisor, TISCO remains committed to creating opportunities and financial security for all client segments through financial advisory services, debt restructuring, and ongoing liquidity support. This is coupled with maintaining strong capital reserves to mitigate future risks, and the application of Artificial Intelligence (AI) in business operations under the strategic approach of “3A: Assistant Tools, Automation, Artificial AI” to support product and service development, enhance the customer experience, and prepare for growth and sustainability for all stakeholders.” Mr. Sakchai said

Summary of financial results for the first half and second quarter of 2026.

TISCO Group's performance in the first half of 2569 showed a net profit of 3,497 million baht, an increase of 6.4% compared to the first half of 2568. This was driven by a recovery in total operating income, comprising a 4.7% increase in net interest income and a 16.4% increase in non-interest income across all core businesses. The commercial banking business saw an 11.3% increase in bancassurance fee income, reflecting the recovery in economic activity.

Furthermore, the wealth management business grew by offering investment products that appropriately meet customer needs. The capital market recovered from the previous year, increasing brokerage commission income driven by the rebound in trading volume on the Stock Exchange of Thailand. Fee income from fund management businesses also increased due to the growth of the provident fund and mutual fund businesses. Operating expenses increased by 3.1%, despite continued efficient and prudent cost management. Credit loss (ECL) provisions stood at 1.1% of average loans. The company's return on equity (ROAE) was 16.3%.

For the second quarter of 2026, the company's net profit amounted to 1,764 million baht, an increase of 7.3% from the second quarter of the previous year. This growth was driven by increased operating income, including a 5.9% increase in net interest income and a 6.3% increase in non-interest income, resulting from the recovery of core businesses such as bancassurance, securities, and fund management. Operating expenses increased by 6.9%, while expected credit loss provisions stood at 0.9% of the average loan balance. This aligns with well-controlled asset quality and sufficient reserves to cover risks from the conflict in the Middle East and higher energy prices.

TISCO Group's total loan portfolio as of June 30, 2569, amounted to 235,803 million baht, remaining stable from the end of 2568. Hire purchase loans grew by 2.2%, primarily driven by new car loans, aligning with increased domestic car sales, especially electric vehicles (EVs). This reflects consumer shift toward EVs amidst high fuel prices. Furthermore, TISCO Bank's market share expanded to 6.7%.

However, this expansion was offset by a decrease in business loans due to debt repayments and a slowdown in vehicle title loan growth. The company remains cautious in extending new loans to high-risk segments. Non-performing loans (NPLs) stood at 2.12% of total loans, similar to the previous quarter, reflecting rigorous and effective asset quality management. The company maintains a high NPL coverage ratio of 190%.

TISCO Bank maintains strong capital position The capital adequacy ratio to risk-weighted assets (BIS Ratio) is estimated at 20.6%, higher than the minimum capital adequacy ratio of 11.0% required by the Bank of Thailand. and has Tier 1 and Tier 2 capital ratios to risk-weighted assets of 18.2% and 2.5% respectively.

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