Bangkok Bank Public Company (BBL) Investor Presentation summary

2024 financial performance highlights

• Achieved record-high net profit with 8.6% YoY growth, driven by higher operating income and disciplined cost management.

• Net interest margin improved to 3.06% due to diversified loan portfolio and liquidity management.

• NPL ratio reduced to 2.7%, supported by effective asset quality management and robust coverage ratio of 334.3%.

• Cost-to-income ratio lowered to 48.0%, reflecting ongoing operational efficiency improvements.

• Common equity tier 1 ratio increased to 16.2%, indicating strong capital position.

Operating environment and macroeconomic trends

• Global inflation has declined significantly from 2022 peaks, with central banks entering monetary easing cycles.

• Services sector leads global recovery, with manufacturing rebounding in key economies.

• IMF projects slight improvement in global economic activity for 2025, with Thailand's GDP growth forecast at 2.5-3.0%.

• Thai exports expanded, supported by global recovery, but private consumption remains subdued due to high household debt.

• FDI inflows into ASEAN are rising, with Thailand seeing a decade-high in investment promotion requests.

Business strategy and 2025 targets

• Focus on regionalization, leveraging ASEAN network and expertise to capture opportunities in infrastructure and supply chain relocation.

• Strengthening digital banking capabilities and innovating services for evolving customer needs.

• 2025 financial targets: loan growth 3-4%, NPL ratio around 3%, NIM 2.8-2.9%, cost-to-income ratio in high-40s%.