Krungthai Bank reported a net profit of 12.13 billion baht in Q2 2026, an increase of 9%. For the first half of 2026, net profit was 24.56 billion baht, up 7.6%, despite a decline in net interest income. This was partly offset by growth in non-interest income and other businesses such as wealth management and capital markets.
Phayong Sriwanich, President and CEO of Krungthai Bank (KTB). He revealed that in the first half of 2026, the Thai economy expanded unevenly in a K-shaped pattern. Although exports and foreign direct investment (FDI) grew strongly, these gains did not reach the real economy. Meanwhile, most households still had low purchasing power due to rising living costs driven by higher energy prices and a weakening labor market.
SMEs continue to face pressure from declining income and persistently high operating costs in the second half of the year. Therefore, the bank is conducting its business cautiously, continuously assisting customers through proactive debt restructuring measures targeted by group and balanced financial rehabilitation.
Comparing Q2 2026 to Q2 2025, the bank’s net profit attributable to the bank was 12.13 billion baht, up 9% year-on-year. Total loans grew 5.1% YoY, driven by retail loans, large business loans, and government sector loans. However, net interest income fell 13.5% YoY due to declining interest rates and rate cuts, resulting in a net interest margin (NIM) of 2.45%.
For the first half of 2026 compared to the same period in 2025, the bank and its subsidiaries reported a net profit of 24.56 billion baht, an increase of 7.6% YoY, despite a 14.7% YoY decline in net interest income.
Meanwhile, non-interest income continued to grow, supported by wealth management business, expansion in money and capital markets, recognition of some income from fair value adjustments of investments in the Transportation group, and income from recoveries on bad debts, which the bank prioritizes.
Additionally, the bank’s cost-to-income ratio stood at 38.9%. Asset quality remained strong with an NPL ratio of 2.92%, and it maintained a high coverage ratio of 205% to sufficiently buffer economic uncertainties. As of 30 June 2026, the financial business group’s capital adequacy ratio (%CAR) was a robust 20.7%.
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