Mitihoon – ttb reported a net profit of THB 5,240 million for 4Q25 and a total of THB 20,639 million for 12M25, relatively in line with previous year performance. Asset quality continued to be resilient with a stable NPL trend and a high coverage ratio of 152%. The plan to enhance shareholder value, together with the mission to support customers in achieving sustainable debt resolution, were delivered as targeted.
TMBThanachart Bank Public Company Limited (ttb), announced its financial performance for the 4th quarter and the 12-month period of 2025 (4Q25 and 12M25). The Bank and its subsidiaries reported a net profit of THB 5,240 million for 4Q25. The 12M25 net profit was at THB 20,639 million, broadly in line with 2024 results. Asset quality remained resilient. NPL ratio of 2.87% was below target and Coverage Ratio was robust at 152%.
Mr. Piti Tantakasem, CEO of ttb, mentioned “Overall, the 2025 operating performance was delivered in line with target. Key achievement can be reflected across 4 areas: resilient performance amid economic uncertainties, stable asset-quality trend, shareholder value enhancement and continued support for customers through debt-relief activities.
In terms of operating performance, the Bank was able to maintain bottom-line level. Net profit for 2025 was reported at THB 20,639 million, compared to THB 21,031 million in 2024, a slight decline by 2%. The performance reflected efficiency improvements in all dimensions which helped reduce revenue impact from lower interest income resulting from downward interest-rate trend and interest rate reductions under customers’ debt-relief programs. The Bank focused on proactive asset-liability management to ensure alignment between asset yield and funding cost. At the same time, the Bank leveraged digital capability to uplift product offerings and streamline operational processes, supporting fee income generation and cost efficiency. Moreover, provision expenses declined, underpinned by stable asset quality.
For asset quality, NPL level was well-contained at around THB 39,000 million over the past five quarters. NPL ratio was at 2.87%, within target. This was a result of the Bank’s quality loan growth strategy and sustainable debt-resolution activities. Coverage ratio was maintained at a robust level of 152%, on the backdrop of a prudent provisioning policy. The Bank continued to set aside extra provision for economic uncertainties to safeguard shareholder value against downside risks.
Through capital management plan, the shareholder value creation remained on track. Key actions included maintaining high dividend payout, implementing a 3-year share repurchase program (2025-2027) with a THB 21,000 million budget and progressing on the acquisition of shares in Thanachart Securities and TLeasing deal to enhance services for Bank’s ecosystem customers as part of inorganic growth initiatives.
As one of our priorities, throughout 2025 the Bank continued to support customers in sustainably resolving debt burdens with various programs for both vulnerable and creditworthy customers. In 2025, over 77,500 borrowers participated in the ‘You Fight, We Help’ program, representing approximately THB 41,000 million in outstanding loans. Participation in the ‘Debt Consolidation’ program also increased to 68,240 customers in 2025 from 37,470 in 2024. This program has helped reduce customers’ interest expenses by more than THB 2,840 million. In addition, loans under the ‘Pay Well, Get More’ program amounted to THB 3,000 million.
With strong financial resiliency, ttb is well-positioned for year 2026 and uncertainties ahead. We remain committed to delivering value to our shareholders and supporting customers, while striving toward our long‑term aspiration of becoming a Humanized Digital Bank. In addition, we will continue to support the country in addressing household debt issues and promote responsible lending practices to improve customers’ Financial Well‑being.”
Details of 4Q25 and 12M25 key operating performance are as follows:
As of 4Q25, loan was at THB 1,205 billion. The outstanding was relatively stable or slightly increased by 0.6% from 3Q25 (QoQ) but contracted by 2.9% from the end of 2024 (YTD), reflecting a slowdown in economy. Focusing on prudent loan growth strategy, the Bank could maintain growth momentum in targeted products. Key drivers were cash-your-home, cash-your-book, personal loans and credit card, supported by the acquisition of Ecosystem customers including home owners, car owners, salaryman and wealth customers.
Deposits totaled THB 1,270 billion, stable QoQ but slowdown 4.4% YTD, in line with loan direction and liquidity management plan. The decline was due mainly to matured time deposits especially the long-term tenors. Meanwhile, transactional deposit, ttb no fixed deposits and foreign currency deposits showed decent growth momentum. Overall, the loan-to-deposit ratio stood at 95%, reflecting the Bank’s high liquidity position.
Total operating income in 4Q25 was at THB 16,430 million, a 0.7% increase QoQ. Key driver was Non-Interest Income (Non-NII) which grew 6.4% QoQ while Net Interest Income (NII) still softened 1.1% QoQ. For 12M25, total operating income amounted to THB 65,677 million or decreased 5.4% YoY, weighed down by a 10.3% decline in NII despite a 16.2% increase in Non-NII. Key drivers for Non-NII performance were fee income recovery especially fees from bancassurance, investment products and credit cards.
Operating expenses amounted to THB 7,762 million in 4Q25, an increase of 4.8% QoQ due to seasonal factors. For 12M25, operating expense was THB 29,533 million for 12M25, relatively stable YoY. The well-controlled OPEX reflected disciplined cost management and ongoing operation efficiency improvement. Aa a result cost-to-income ratio in 2025 was at 45%, in line with target.
Provision expenses totaled THB 3,631 million in 4Q25 which dropped 8.8% QoQ. For 12M25, the Bank set aside THB 16,485 million of provision which decreased 17.0% YoY, in line with stable asset quality trend. After provision and tax, the Bank reported 4Q25 net profit of THB 5,240 million and a total of THB 20,639 million for 12M25 which declined 1.9% YoY.
Lastly, the capital position remained robust and steady. Capital Adequacy Ratio (CAR) and Tier 1 Ratio, at the end of 2025 stood at 19.5% and 17.5%, respectively. The figures remain one of the top tiers in the banking industry and well above the Bank of Thailand’s minimum requirement for D-SIBs, which is 12.0% for CAR and 9.5% for Tier 1.
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