Kasikornbank Public Company Limited, or KBANK announced its net profit for 2026 at 49,565 million baht, reflecting a slight decline of only 0.08% compared to the previous year. This illustrates an interesting adjustment as core interest income slowed by over 10 billion baht due to policies lowering interest rates to support customer liquidity.
However, the shortfall was compensated by a remarkable surge in non-interest income, which jumped 14.75%. Key drivers included the insurance and wealth management businesses, which performed outstandingly despite unfavorable interest rate trends.
Kasikornbank Public Company Limited, or KBANK, reported to the Stock Exchange of Thailand that in 2025, the bank and its subsidiaries recorded a net profit attributable to the bank of 49,565 million baht, down 0.08%. Operating profit before expected credit loss and income tax was 109,951 million baht, a decrease of 4,043 million baht or 3.55% from the prior year, due to net interest income of 137,152 million baht, down 10,852 million baht or 7.33%, reflecting interest rate conditions.
This included interest rate reductions on loans during the year to help liquidity and reduce financial burdens on customers, along with slower loan growth. Consequently, the net interest margin (NIM) declined to 3.23%.
Nevertheless, non-interest income totaled 57,648 million baht, rising by 7,408 million baht or 14.75%, mainly driven by
1) growth in insurance service operations,
2) increased net fee and service income, largely from wealth management services offered to clients through comprehensive financial products from the bank, subsidiaries, and partners, aligned with favorable market investment conditions,
3) net gains from financial instruments and investment income managed with diversified risk policies and appropriate returns, consistent with market conditions.
Operating expenses amounted to 84,849 million baht, a slight increase of 599 million baht or 0.71%, including additional special employee welfare expenses. The bank and subsidiaries continue to focus on enhancing operational efficiency, resulting in a cost-to-income ratio of 43.56%.
Additionally, the bank and subsidiaries set aside expected credit loss (ECL) provisions of 40,312 million baht, decreasing by 6,939 million baht or 14.69%. These provisions are prudently maintained in line with ongoing careful practices to ensure appropriate levels, reflecting economic uncertainties and challenges still faced.
Net profit attributable to the bank in Q4 2025 was 10,278 million baht, down 2,729 million baht or 20.98% from the prior quarter.
Operating profit before expected credit loss and income tax was 24,825 million baht, decreasing by 3,455 million baht or 12.22%, due to reduced net interest income.
Meanwhile, operating expenses rose by 2,061 million baht or 9.84% to 23,027 million baht, reflecting seasonal spending. The bank and subsidiaries prudently set expected credit loss provisions of 10,265 million baht,
similar to the previous quarter, to maintain appropriate reserves amid ongoing economic slowdown and continuing high volatility from domestic and international challenges.
As of 31 December 2025, the bank and subsidiaries had total assets of 4,558,618 million baht, an increase of 217,664 million baht or 5.01% compared to the restated figure at 31 December 2024. This growth was mainly from net investments aligned with market outlooks and interest rate directions.
However, net loans slightly decreased in line with economic conditions. The bank remains focused on quality loan expansion with risk-adjusted returns, maintaining continuous attention to asset quality.
The ratio of non-performing loans (NPL gross) stood at 3.20%, requiring continued careful monitoring of asset quality amid persistent economic uncertainty.
The coverage ratio of expected credit loss provisions to non-performing loans rose to 162.75%. The total capital adequacy ratio under Basel III as of 31 December 2025 remained strong at 20.35%.
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