In the first half of 2026, Bangkok Bank posted a net profit of 20.49 billion baht, down 16.2% year-on-year due to reduced net interest income following interest rate cuts, while fee and service income continued to grow.
Bangkok Bank (BBL) The bank revealed that in Q2 2026, the Thai economy stabilized from the previous quarter, supported by strong export growth, but faced challenges from global economic uncertainties due to trade tax measures and geopolitical tensions, potentially affecting future economic expansion.
Additionally, Thailand faces specific challenges such as fiscal constraints from high public debt levels, limiting the ability to implement further economic stimulus despite the “Thai Chua Thai Plus” measures supporting household spending and easing living costs during economic recovery. Businesses and households still face structural domestic constraints that pressure future growth.
Amid these uncertainties, Bangkok Bank is ready to provide appropriate advice and support to each customer segment. The bank continues to operate cautiously, adhering to responsible lending principles and is committed to offering financial services that are socially and environmentally responsible and promote sustainable growth.
Bangkok Bank and its subsidiaries reported a net profit of 20.49 billion baht for the first half of 2026, down 16.2% year-on-year. Net interest income declined 12.4% year-on-year due to interest rate reductions, resulting in a net interest margin of 2.46%.
However, loan growth remains a key revenue driver and partly offsets the impact of lower interest rates. Additionally, net fee and service income improved, driven by continuous growth in bancassurance, mutual funds, and increased securities business fees reflecting capital market conditions and trading activity.
Other operating income declined mainly due to lower net gains from investments. Operating expenses decreased 6.5%, reflecting effective cost management alongside ongoing operational efficiency improvements, resulting in an operating expense to income ratio of 47.1%. Expected credit losses amounted to 17.435 billion baht, down from the previous year, reflecting the bank's continued cautious provisioning policy.
Bangkok Bank maintains a cautious and prudent business approach while preserving financial stability, liquidity, and capital adequacy at appropriate levels.
As of the end of June 2026, the bank's loans totaled 2.68 trillion baht, up 2.7% from year-end, driven by large corporate and international loans. The ratio of impaired loans to total loans stood at 3.3%, within manageable levels, and the credit loss allowance to impaired loans ratio remained strong at 306.3%, reflecting the bank's ongoing prudent provisioning approach.
Deposits amounted to 3.21 trillion baht at the end of June 2026, increasing 0.5% from year-end, while the total capital adequacy ratio stood at 21.4%.
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