SCB X Public Company Limited (SCB) announced a net profit of 47,488 million baht in 2025, an increase of 8.1%, driven by investment portfolios of both the bank and SCB 10X amid a challenging economic environment.
It also unveiled plans for 2026 to enter the Virtual Bank business, focusing on leveraging technology and data to expand financial service access, enhance customer experience, and establish a foundation for sustainable long-term growth.
SCB X Public Company Limited (SCB) reported to the Stock Exchange of Thailand that the company achieved a net profit of 47,488 million baht in 2025, up 8.1% compared to the previous year despite facing challenging operating conditions.
This growth stemmed from strong investment gains from both the bank’s portfolio and SCB 10X, reflecting efficient portfolio management and favorable market conditions.
Meanwhile, fee income from wealth management remained robust, significantly supported by strategic organizational restructuring and the adoption of AI-driven advisory tools, which enhanced service efficiency alongside favorable market conditions.
Conversely, fee income from insurance sales softened, reflecting the bank’s cautious credit management strategy. Expense control efficiency also supported performance,
with an expense-to-income ratio of 40.5%, better than the target set for 2025. These factors helped offset some impact from reduced net interest income pressured by narrowing net interest margin (NIM) and slower loan growth.
Overall loan volume declined 2.1% year-on-year, decreasing across both Gen 1 and Gen 2 businesses, reflecting the company’s prudent approach to maintaining loan quality amid a sluggish economy.
Growth remained selective, focusing on risk-adjusted returns rather than loan expansion. The company continues to closely monitor market conditions and is prepared to adjust lending strategies when market stability improves and new opportunities arise.
Looking ahead, the company expects loan demand to gradually recover, pursuing targeted growth in high-potential segments while maintaining disciplined risk control.
Asset quality remains manageable, with the non-performing loan ratio at 3.29%, down from 3.37% in 2024, supported by improved debt monitoring efficiency.
Proactive measures such as the "You Fight, We Help" program for new non-performing loans have stabilized levels, highlighting the effectiveness of the company’s risk management strategies. Ongoing improvements in debt collection processes, early warning systems, and customer assistance programs continue to mitigate credit risk and preserve overall asset quality.
Consistent with its prudent provisioning policy, the company set aside an additional management overlay reserve of 4,500 million baht in 2025 to strengthen resilience against potential risks.
As of December 2025, non-performing loans decreased by 1.5% year-on-year but rose 1.0% from the previous quarter to 96.2 billion baht. The bank’s NPLs improved compared to the previous year, primarily due to better asset quality among medium and small business clients, large corporate clients, and auto hire-purchase loans.
However, NPLs increased from the prior quarter mainly due to AutoX and some housing loans. The NPL ratio stood at 3.29% at the end of December 2025, down from 3.37% at the end of December 2024.
Arthit Nanthawithaya, Chief Executive Officer of SCB X Public Company Limited, stated that 2025 was another challenging year for the Thai economy from multiple perspectives. SCBX focused on strengthening its internal operations, managing loan quality carefully amid volatility, and restructuring key businesses to lay the foundation for its long-term vision as a leading fintech group in Thailand.
Moving into 2026, the company has a clear strategic direction emphasizing sustainable growth, disciplined risk management, and enhancing customer service experience. It will continue to strengthen core businesses, increase customer engagement across all segments, improve loan portfolio quality, and leverage technology and data to boost operational efficiency and competitiveness while maintaining balanced long-term value creation across its business groups.
Additionally, the company is accelerating infrastructure preparations for the Virtual Bank launch as planned, focusing on data innovation to expand financial inclusion for underserved groups. This will be a key mechanism to reduce inequality and drive Thailand’s digital financial economy sustainably.
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