Bangkok Bank reported a net profit of 20,492 million baht in the first half of 2569, a decrease of 16.2%.

Bangkok Bank (BBL) reported a net profit of 20,492 million baht for the first half of 2569, a decrease of 16.2%, primarily due to a decline in net interest income resulting from interest rate cuts. The bank noted that continued loan growth helped offset the decrease.

July 21, 2569. News report from Bangkok Bank. The report reveals a net profit of 20,492 million baht for the first quarter of 2026. In the second quarter of 2026, the Thai economy remained stable compared to the previous quarter, supported by continued strong export growth, particularly in technology products. This sector benefited from the global technology investment cycle and investments related to artificial intelligence (AI), reflecting Thailand's role in the global technology supply chain.

However, the global economy still faces uncertainty from trade tariffs and geopolitical tensions, particularly in the Middle East, which remain factors that could impact future economic growth prospects. While the tourism sector showed signs of recovery towards the end of the quarter, overall performance remained below expectations. Furthermore, fiscal constraints remain due to high levels of public debt, limiting the ability to implement further stimulus measures. Although the "Thai Helps Thai Plus" measures have played a role in supporting household spending and alleviating the burden of living costs during the economic recovery, businesses and households still face structural limitations within the country that will put pressure on future growth.

Amidst a dynamic world facing numerous challenges, including geopolitical impacts on global trade, evolving environmental policies and regulations in response to increasingly severe climate change, and rapid advancements in technology and innovation, Bangkok Bank stands ready to stand alongside communities as a "trusted partner and friend."

We remain committed to providing appropriate advice and support to each client group, including investment support and expertise that empowers clients to adapt, maintain competitiveness, and build business resilience in changing circumstances. We also support opportunities for international expansion through our domestic and international networks.

Furthermore, the bank supports government policies aimed at transitioning to a sustainable economy in Thailand, such as the SMEs Credit Boost project, which creates opportunities for SMEs to enhance their competitiveness. At the same time, the bank continues to conduct its business cautiously, adhering to responsible and fair lending practices, and striving to provide financial services that are responsible towards society, the environment, and sustainable growth.

Bangkok Bank reported a net profit of 20,492 million baht for the first period of 2569.

Bangkok Bank and its subsidiaries reported a net profit of 20,492 million baht for the first period of 2569, a decrease of 16.2 percent compared to the same period last year. Net interest income decreased by 12.4 percent due to the bank's interest rate reduction, resulting in a net interest margin of 2.46 percent. However, loan growth continued to support the bank's income and partially offset the impact of the interest rate decline. In addition, fee income and...

Net income improved, driven by continued growth in bancassurance and mutual fund services, as well as increased securities fees in line with capital market conditions and trading activity. Meanwhile, other operating income decreased.

The majority of the gains came from net investment income. Operating expenses decreased by 6.5%, reflecting efficient cost management coupled with continuous improvement and enhancement of operational efficiency. This resulted in an operating expense-to-income ratio of 47.1%. Expected credit losses amounted to 17,435 million baht, a decrease from the same period last year, resulting from continued prudent provisioning policies.

Bangkok Bank continues to conduct its business cautiously and prudently, while maintaining financial stability, liquidity, and capital at appropriate levels. As of the end of June 2569, the bank had loans outstanding of 2,678,467 million baht, an increase of 2.7 percent.

As of the end of last year, the ratio of impaired loans to total loans stood at 3.3 percent, which is manageable, and the credit loss allowance ratio to impaired loans remained strong at 306.3 percent. This is a result of the bank's continued prudent and cautious provisioning approach.

The bank had deposits totaling 3,212,308 million baht as of the end of June 2569, an increase of 0.5 percent from the end of the previous year. The loan-to-deposit ratio stood at 83.4 percent. Meanwhile, the total capital ratio, Tier 1 capital ratio, and Tier 1 capital ratio (equity to risk-weighted assets) of the bank and its subsidiaries were 21.4 percent, 16.9 percent, and 16.9 percent, respectively. These ratios are higher than the minimum capital ratios required by the Bank of Thailand.