Total loans and deposits logged single digit increases during the quarter.

Bangkok Bank reported a net profit of THB12.62b (US$380.29m) for Q1 2025, 19.9% year-on-year (YoY) higher from the same quarter in 2024, according to a press release on its website.

Net interest income amounted to THB31.91b (US$961.51m), with a net interest margin (NIM) of 2.89%, the bank said.

Net fees and service income growth was driven by loan related fees as well as bancassurance and mutual fund services, which continue to perform well, Bangkok Bank said.

Cost to income ratio stood at 45.5%.

Bangkok Bank set aside THB9.07b (US$273.3m) for expected credit losses in Q1, reportedly a similar level to the same quarter last year, according to the bank.

Total loans amounted toTHB2.72t as of end-Q1, a 1% increase compared to Q4 2024. The non-performing loan to total loans ratio is 3%.

As of March 31, Bangkok Bank’s deposits amounted to THB3.22t, an increase of 1.8% from the end of December 31, 2024.

Loan to deposit ratio stood at 84.4%. The total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio of the Bank and its subsidiaries stood at 21%, 16.5% and 15.8%, respectively.