Mitihoon – Bangkok (20 January 2026) – Krungsri (Bank of Ayudhya PCL and its business units) posts its net profit of 31.74 billion baht for 2025, increasing 6.9% from 2024, primarily driven by a one-time gain associated with Tidlor Holdings PCL (TIDLOR) investment remeasurement, non-interest income growth, and an increase in net interest income, supported by effective liquidity and funding cost management.
Resonating the multi-faceted challenges underscoring the operating environment, combined with the Bank’s selective, quality-growth strategy to preserve credit quality, total loans in 2025 increased by 1.7% from 2024, largely driven by 2.7% growth in corporate loans. Furthermore, loan growth was also supported by the consolidation of TIDLOR portfolio, while weak domestic demand and weighted down business sentiments resulted in the loan contractions for both retail and SME segments.
Highlights of Krungsri’s consolidated 2025 performance:
- Net profit: Recorded at 31,739 million baht for 2025, representing an increase of 6.9%, or 2,039 million baht from 2024, mainly driven by a one-time gain associated with TIDLOR investment remeasurement, non-interest income growth, and an increase in net interest income, supported by effective liquidity and funding cost management and from consolidation of TIDLOR’s portfolio in the second half of the year.
- Loans: Increased by 1.7%, or 32,779 million baht, from the end of December 2024, mainly driven by retail loans from the consolidation of TIDLOR’s loans, together with an expansion in corporate loans, while being partially offset by a contraction in SME loans.
- Deposits: Decreased by 4.8%, or 86,901 million baht, from the end of December 2024, primarily due to a decrease in time deposits, underlining our proactive effort to manage liquidity and funding cost amid tepid credit conditions
- Net interest margin (NIM), notwithstanding the overall subdued loan demand, increased to 4.35% from 4.28% in the prior year, mainly due to our proactive funding cost management together with higher yield contribution from TIDLOR in the second half of 2025.
- Non-interest income: Increased by 1%, or 6,402 million baht, from 2024, largely due to higher net fees and service income, one-time gain associated with TIDLOR investment remeasurement, gains on financial instruments measured at fair value through profit or loss (FVTPL) and bad debt recoveries.
- Cost to income ratio: Recorded at 47.0%
- Non-performing loan (NPL) ratio: Registered 3.26%, compared with 23% at the end of December 2024. Meanwhile, adhering to our continued prudential risk management, the credit cost amounted to 227 basis points. The coverage ratio was recorded at 126.9%.
- Capital adequacy ratio (Bank only): Recorded at 20.69%, compared with 19.38% at the end of December 2024.
Krungsri President and Chief Executive Officer Mr. Kenichi Yamato, said “Against the backdrop of multi-faceted challenges, Krungsri remained steadfast in executing our strategic priorities for the year, with a continued emphasis on asset-liability management efficacy, enhancing operational efficiency, and maintaining a prudent approach to risk management, while pro-actively assisting vulnerable groups of customers impacted by the subpar growth environment.”
Commenting on the economic outlook, Mr. Yamato cited that “Thailand’s economy in 2026 is projected to grow at 1.8%, expanding below potential and down from 2.1% in 2025, reflecting cyclical and structural challenges. Consumption will slow as income growth remains weak, while exports face pressure from U.S. tariffs and baht appreciation. Foreign visitors and renewed capital investment will provide a partial support, with 35.5 million arrivals expected and foreign direct investment adding momentum. However, overall growth remains subdued due to external trade pressures and restrained domestic spending.”
As of 31 December 2025, Krungsri, Thailand’s fifth largest bank in terms of assets, loans and deposits, and one of Thailand’s Domestic Systemically Important Banks (D-SIBs), reported 1.93 trillion baht in loans, 1.74 trillion baht in deposits, and 2.65 trillion baht in total assets. Krungsri’s capital (Bank only) was strong at 336.60 billion baht, equivalent to 20.69% of risk-weighted assets, with 16.41% in common equity tier 1 capital.
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