ttb maintained resilient earnings momentum, posting a net profit of THB 5,513 million in 2Q26 and THB 10,683 million in 1H26. Asset quality remain stable with Coverage ratio rising to 157%, reflecting strong risk buffer.

Bangkok, 20 July 2026 -- TMBThanachart Bank Public Company Limited (ttb) and its subsidiaries, reported net profit of THB 5,513 million and THB 10,683 million in 2Q26 and 1H26, respectively. Asset quality remained sound with NPL ratio stable at 2.93%. The Bank continued to prudently build provision reserve against potential economic uncertainties, resulting in a strengthened coverage ratio of 157%.

Mr. Piti Tantakasem, CEO of ttb, stated, the financial results in the first half of 2026 remained on track. Key deliverables included maintaining resilient earnings and asset quality, executing capital management plan to enhance shareholder value, and providing supports to customers affected by the challenging economic environment.

To deliver resilient performance, ttb has focused on selectively growing high-yield retail loans while optimizing funding cost to mitigate impact of rate cut cycle. At the same time, the Bank has leveraged digital capabilities to enhance personalized offerings as well as reduce cost-to-serve, supporting fee income generation and operating cost control. As a result, Pre-Provision Operating Profit amounted to THB 18,382 million in 1H26, broadly in line with THB 18,566 million in the same period last year.

Asset quality remained sound, with NPLs staying stable at approximately THB 39,000 million for 7 consecutive quarters. As a reflection of asset quality trend, provision expenses declined by 9% YoY in 1H26, equivalent to a credit cost of 136 basis points. While lower than the previous year, the credit cost level remained above that of a normal economic cycle, underscoring the Bank's prudent provisioning approach amid ongoing economic uncertainties. As a result, the coverage ratio strengthened to 157%, up from 152% at the end of 2025.

The Bank also made significant progress on its capital management plan, especially its share repurchase program. First, shareholders approved an increase in total share repurchase budget to THB 35,000 million and an extension of the program period to 4 years (2025-2028). Second, as of June 2026, the Bank has completed cumulative share repurchase of THB 21,000 million, a total of 10,038 million shares or 10.29% of total paid-up shares, one year ahead of an original plan. The accelerated execution of the program allows existing shareholders to benefit sooner, as repurchased shares are not entitled to dividend payments. As a result, the program is expected to enhance earnings per share (EPS) and dividend per share (DPS) going forward. Supported by resilient financial performance and a strong capital position, the Bank remains committed to maintaining an attractive dividend payout for shareholders.

In addition, the Bank has continued to support customers through various initiatives. ttb has become the first Thai bank to implement “Risk based Pricing” model, ensuring that customers with good credit scores are rewarded with more appropriate interest rates. To date, loans under the program have totaled approximately THB 4,100 million, helping customers reduce interest expenses by more than THB 650 million. The Debt Consolidation Program has attracted more than 80,000 participants and helped customers reduce interest burdens by approximately THB 3,200 million. Under the “Pay Well, Get More” program, more than 11,400 customers have participated, representing a total loan of around THB 5,300 million while “You Fight, We Help” program has helped more than 77,500 customers, covering outstanding loans of approximately THB 37,000 million.

For the remainder of the year, the Bank will continue to pursue prudent business operations to deliver sustainable growth for shareholders. The Bank also remains committed to supporting customers further and to improving SMEs' financial accessibility through government supply chain financing solutions, in line with the government’s direction to address household debt challenges. In addition, ttb will continue to promote Responsible Lending practices, ensuring fair and responsible access to credit and supporting customers in improving long-term Financial Well-being.

Details of 2Q26 and 1H26 key operating performance are as follows:
Loan outstanding as of 2Q26 was at THB 1,184 billion or increased slightly by 0.5% from 1Q26 (QoQ). Despite a slowdown by 1.8% from 4Q25 (YTD), targeted lending under the Bank’s Ecosystems maintained growth momentum, led by ttb cash your home, ttb cash your book and ttb personal loans.

Deposits totaled THB 1,274 billion, increasing 1.5% QoQ and 0.4% YTD, led by ttb no fixed, a non-transactional deposit product as well as CASA deposits. Time deposits, on the other hand, declined as they reached maturity. Such deposit movements were in line with funding cost management strategy.

On the revenue side, total operating income amounted to THB 17,343 million in 2Q26, a 3.7% increase QoQ. Net interest income (NII) grew modestly, supported by loan expansion and effective funding cost management. Non-Interest Income also recorded growth, boosted by fee growths from mutual funds, bancassurance and credit card businesses, coupled with dividend income. Overall, 1H26 total operating income totaled THB 34,076 million, a 3.5% increase YoY.

Operating expense was at THB 8,051 million in 2Q26, a 5.3% increase QoQ. The increase was driven by marketing expense and one-time items including IT system write-offs and impairments related to discontinued digital platforms. For 1H26, operating expense totaled THB 15,693 million or rose by 9.2% YoY. Despite higher expense, cost to income ratio for the 6 months of 2026 stood at 46%, remained in line with target, reflecting disciplined cost management.

Provision expense amounted to THB 4,040 million in 2Q26, increasing 1.1% QoQ. The Bank continued to maintain management overlays at a prudent level, consistent with the previous quarter, reflecting ongoing uncertainties in the economic outlook. For 1H26, total provision expense stood at THB 8,035 million, down 9.5% YoY. After provisions and taxes, the Bank reported net profit of THB 5,513 million in 2Q26 and THB 10,683 million in 1H26.

After the share repurchase, the capital position remained strong. Capital Adequacy Ratio (CAR) and Tier 1 Ratio, at the end of 2Q26 stood at 19.0% and 17.0%, respectively. The figures remain one of the top tiers in the banking industry and well above the Bank of Thailand's minimum requirement for D-SIBs, which is 12.0% for CAR and 9.5% for Tier 1.