Bangkok Bank Public Company Limited (SET: BBL) has announced its 1Q25 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 1Q25 | 1Q24 |
| Net Profit (Loss) Million Baht |
12,617.78 | 10,523.65 |
| Earning Per Share (Baht) |
6.6100 | 5.5100 |
| % Change | 19.90 | |
BBL reported a net profit of Baht 12,618 million in the first quarter of 2025, an increase of 19.9 percent from the same quarter last year primarily driven by total operating income.
The net profit was 8% higher than Finansia Syrus Securities’ estimate and 11% above consensus.
Net interest income in the first quarter of 2025 amounted to Baht 31,909 million, decreasing by 4.5% from the same quarter last year. This was mainly due to a decrease in interest income on loans, in line with the interest rate environment. The net interest margin stood at 2.89 percent.
Meanwhile, non-interest income for the first quarter of 2025 amounted to Baht 13,745 million, a 66.4% increase from the same quarter last year. The increase was from gains on financial instruments measured at Fair Value Through Profit or Loss (FVTPL) at the amount of Baht 1,957 million (+2,486% YoY) and gains on investments in accordance with market conditions at the amount of Baht 2,897 million (+1,491% YoY). In addition, net fees and service income increased from loan related fees as well as bancassurance and mutual fund services, continuing to perform well.
In the first quarter of 2025, the Bank set aside Baht 9,067 million for expected credit losses, adhering to its consistently prudent approach. This takes into account the lower-than-expected growth prospects of the Thai economy and high household debt levels, which may constrain domestic consumption and weigh on private sector confidence. Additionally, there are uncertainties in the period ahead due to the impact from U.S. trade policy on the global economy.
As of March 31, 2025, loans amounted to Baht 2,720,983 million, increasing 1.0 percent from the end of December 2024 mainly from loans to large corporate customers.
As of the end of March 2025, non-performing loan (Gross NPL) totaled Baht 97,793 million.The Gross NPL to total loans ratio stood at a manageable level of 3.0 percent. The allowance for expected credit losses was Baht 293,695 million. As a result, the allowance for expected credit losses to NPL ratio was at a strong level of 300.3 percent.
