Bangkok Bank recognizes the increasing challenges in conducting business and understands the uncertainties faced during this period. These include the impacts of trade policies from major economies, changes in environmental policies and regulations due to escalating climate change, and the rapid advancement of technology and innovation that require businesses to adjust to match with the digital age. Bangkok Bank remains committed to standing alongside its customers as a 'trusted partner and reliable close friend', providing appropriate advice and support for each customer group. This includes both financial resources and knowledge to help them keep pace with changes in the modern business world. Additionally, the Bank supports customers to tap into international expansion opportunities and continues offering responsible financial services that support the community and environment. At the same time, the Bank places importance on prudent management, together with adhering to responsible lending guidelines with an emphasis on social responsibility and sustainable growth.
Bangkok Bank reports a net profit of Baht 12,618 million for the first quarter of 2025
Bangkok Bank and its subsidiaries reported a net profit of Baht 12,618 million in the first quarter of 2025, an increase of 19.9 percent from the same quarter last year primarily driven by total operating income. Net interest income amounted to Baht 31,909 million, with a net interest margin of 2.89 percent, in line with market interest rate trends. Net fees and service income growth was driven by loan related fees as well as bancassurance and mutual fund services, which continue to perform well, couple with increases in gains on financial instruments measured at Fair Value Through Profit or Loss (FVTPL) and gains on investments in accordance with market conditions. Regarding the increase in operating expenses, the Bank continues to improve operational efficiency alongside focusing on cost management. As a result, the cost to income ratio stood at 45.5 percent. The Bank set aside Baht 9,067 million for expected credit losses in the first quarter of 2025, at a similar level to
the same quarter last year.
Bangkok Bank continues to operate under its prudent management approach and retains financial, liquidity and capital positions at a healthy and appropriate level to deliver strong and sustainable growth
At the end of March 2025, the Bank's total loans amounted to Baht 2,720,983 million, an increase of 1.0 percent from the end of last year, driven by loans to large corporate customers. The non-performing loan to total loans ratio remained manageable at 3.0 percent. Under the Bank's continuous prudent management approach, the ratio of the allowance for expected credit losses to non-performing loan remained strong at 300.3 percent.
As of March 31, 2025, the Bank's deposits amounted to Baht 3,225,131 million, an increase of 1.8 percent from the end of last year, with the loan to deposit ratio at 84.4 percent. The total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 21.0 percent, 16.5 percent and 15.8 percent, respectively, comfortably above the Bank of Thailand's minimum capital requirements.
Source: Bangkok Bank