Krungsri Reports Q1-Q3 2026 Net Profit of 25.57 Billion Baht, Up 3.9% YoY Driven by Large Corporate Loans

Krungsri reported a net profit of 25.57 billion baht for the first nine months of 2026, up 3.9% year-on-year, supported by large corporate loans, ASEAN business growth, and the TIDLOR loan portfolio, while non-interest income continued to grow steadily.

Bank of Ayudhya Public Company Limited (BAY) Bank of Ayudhya (BAY) reported a third-quarter 2026 net profit of 8.66 billion baht, down 1.4% YoY. Net interest income was 29.07 billion baht, up 4.1% YoY, while non-interest income fell 14.8% YoY to 12.79 billion baht.

For the first nine months of 2026, the bank posted a net profit of 25.57 billion baht, a 3.9% increase YoY. Despite low interest rates, loan growth was driven by large corporate and ASEAN customers. Non-interest income rose to 40.20 billion baht, supported by higher net fees and service income.

Amid a challenging loan market, Krungsri’s total loan portfolio grew by 0.8% from end-2025, focusing on quality loan growth. Large corporate loans expanded by 6.5%, and ASEAN business loans grew by 7.7%, though domestic SME and retail loans contracted.

Summary of operating results for the first nine months of 2026:

• Net profit was 25.57 billion baht, an increase of 3.9%.
• Net interest income was 86.66 billion baht, up 9.6% YoY.
• Non-interest income was 40.20 billion baht, up 3.7% YoY.
• Operating expenses were 57.86 billion baht, rising 5.7% YoY.
• The cost-to-income ratio stood at 45.7%.
• Non-performing loans (NPL) as of 30 September 2026 totaled 70.71 billion baht, a 3.1% increase from the previous quarter.
  The NPL ratio to total loans was 3.19%.
• The bank’s capital adequacy ratio was 20.46%, compared to 20.69% at the end of December 2025.

As of 30 September 2026, Krungsri’s total loans amounted to 1.94 trillion baht, deposits were 1.71 trillion baht, and total assets reached 2.62 trillion baht. The bank’s capital stood strong at 339.51 billion baht, equivalent to 20.46% of risk-weighted assets, with Tier 1 capital (equity) at 16.23%.

Kenichi Yamato, President and CEO of Bank of Ayudhya (BAY) He said that going forward, Thailand's economy is expected to gradually recover, supported by continuous private sector investment, export growth aligned with the upcycle in the technology industry, and government support measures.

However, global economic uncertainties, the impact of flooding, and fragile household purchasing power may slow the pace of economic recovery. Under these circumstances, Krungsri projects Thailand’s economy to grow by 2.1% in 2026, reflecting strong investment and foreign demand as key drivers of economic growth.

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