Bangkok Bank Public Company (BBL) investor relations material

Executive summary

• Net profit for 2025 was Baht 46,007 million, up 1.8% year-over-year, driven by diversified revenue streams and prudent management amid a fragile Thai economy facing global and domestic headwinds.

• Non-interest income rose, mainly from gains on financial instruments and investments, while net interest income and margin declined due to lower rates and slower loan growth.

• Operational efficiency was maintained, with a cost to income ratio of 48.4% and continued focus on responsible lending and sustainability.

Financial highlights

• Net profit for 2025: Baht 46,007 million, up 1.8% year-over-year.

• Net interest income: Baht 123,630 million, down 7.7% year-over-year; net interest margin at 2.75%.

• Non-interest income: Baht 54,868 million, up 30.9% year-over-year, driven by FVTPL and investment gains.

• Operating expenses: Baht 86,363 million, up 2.3% year-over-year; cost to income ratio at 48.4%.

• Expected credit losses: Baht 36,147 million, up from last year, reflecting a prudent approach.

Outlook and guidance

• The Thai economy remains fragile, with risks from global slowdown, geopolitical tensions, and domestic structural issues.

• Recovery in tourism is slower than expected, and household debt remains high, constraining domestic demand.

• The bank continues to focus on operational efficiency, prudent risk management, and supporting sustainable growth.