Thai Credit Bank Public Company Limited provides financial services to micro, small, and medium-sized enterprises in Thailand. It operates in two segments, e-Wallet Business and Banking Business. The company offers micro-SME, home, personal, cash, nano and microcredit, and gold loans; deposit products, including current, savings, fixed deposit, tax free, and other accounts; and mutual funds. It also provides international trade finance, such as international trade credit, international remittance services for import and export, and foreign exchange rates; and other services comprising non-performing assets, cards, money transfer, PromptPay, and safe deposit box services. The company was formerly known as The Thai Credit Retail Bank Public Company Limited and changed its name to Thai Credit Bank Public Company Limited in September 2023. The company was incorporated in 1970 and is headquartered in Bangkok, Thailand. Thai Credit Bank Public Company Limited is a subsidiary of Vnb Holding Company Limited.
Thai Credit Bank, or CREDIT, disclosed that loans for micro-merchants and small entrepreneurs grew robustly in the first half of 2026, with new loan volume jumping 55 percent. The expanding loan portfolio is a testament to the determination of micro-merchants who continuously develop their businesses. The bank continues to press ahead with comprehensive support programs, including shop signage, financial literacy training through the Tang To Know-How project, and scholarships for merchants' children. For the second half of the year, the bank will focus on developing loan products and digital services via the MicroPay e-wallet application and promoting QR code payments for merchants to receive money, using transaction data to enhance credit assessment and expand access to funding in the future.
Brokerage expects CREDIT to pay a dividend of 1.11 baht this year, raises target price to 29 baht
Analysts at Pi Securities forecast that CREDIT will pay a dividend of 1.11 baht in 2026 and 1.25 baht in 2027, based on a 30% payout ratio assumption, with a possible increase in the payout rate to align with the banking sector average of around 55–60%. Net profit is expected to grow 14% in 2026 and 13% in 2027, driven by expansion of high-yield personal loans and lower funding costs, lifting ROE to 16.4% over 2026–2027. The research team maintains a buy recommendation and raises the target price to 29 baht from 25 baht, reflecting improved profitability. Second-quarter 2026 net profit came in at 1 billion baht, up 7% year-on-year but down 15% quarter-on-quarter, while the NPL ratio rose to 4.3%.
Pi Securities expects 8 banks to pay high interim dividends, with SCB, KKP, and TISCO yielding over 6%
Pi Securities assesses that eight commercial banks will pay high interim dividends, with the full-year average dividend yield for the banking group expected at 5.7%, excluding special dividends. Thanadech Rungsrithananon, Director of Research at Pi Securities, notes that SCB, KKP, and TISCO will have dividend yields of no less than 6%. SCB is expected to pay 10.42 baht per share for the full year, representing 6.8%. KKP is expected to pay 7.50 baht per share, representing 6.3%. TISCO is expected to pay 7.75 baht per share, representing 6%. For BBL, despite a decline in profit, it is still expected to pay the same 10 baht per share for the full year, representing 5.3%. KBANK is expected to pay 12 baht per share for the full year, representing 5.1%. Meanwhile, KTB is expected to pay 2.09 baht per share, representing 5%. TTB is expected to pay 0.13 baht per share, representing 4.6%. CREDIT is expected to pay 1.05 baht per share, representing 4.5%. BAY is expected to pay 1.40 baht per share, representing 3.5%. Regarding the profit trend for the second half of the year, Thanadech views that if capital market income is excluded, profits will not be spectacular, as net interest margins are starting to stabilize and loans may rise slightly in line with private sector investment.
Bank of Thailand reports commercial bank lending rates as of 31 July 2026
The Bank of Thailand has released commercial bank lending rates as of 31 July 2026, based on the latest data received from commercial banks at around noon. The lowest MOR rate is 6.275 percent from Siam Commercial Bank, and the highest is 8.13 percent from Thai Credit Bank Public Company Limited. The lowest MLR is 6.30 percent from Krung Thai Bank and Sumitomo Mitsui Trust (Thai), and the highest is 8.73 percent from Thai Credit Bank Public Company Limited. For MRR, the lowest is 6.50 percent from Bangkok Bank, and the highest is 9.60 percent from Thai Credit Bank Public Company Limited. The highest rate for general loans is 35.00 percent from Thai Credit Bank Public Company Limited, and the highest default rate is 35.00 percent from the same bank. Since 1 July 2005, personal loan rates under supervision have been excluded.
Thai Credit champions people and technology to drive financial equality
Thai Credit Bank has outlined its business approach that combines personnel and technology to create financial equality for small entrepreneurs and micro SMEs. It uses a network of over 500 retail credit branches nationwide as a channel for staff to go into communities and provide close consultation. The bank is also pressing ahead with developing digital platforms, such as the MicroPay e-wallet application for merchants and the alpha SME application for micro SME operators, to reduce paperwork and speed up loan approvals. In addition, it has expanded Business Center services to six branches in key economic hubs, namely Chiang Mai, Chonburi, Khon Kaen, Samut Sakhon, Nakhon Ratchasima, and Surat Thani, to offer credit advice by expert teams. It is also introducing the digital deposit product alpha Savings by Thai Credit, which offers interest of up to 1.6 percent per year on maximum deposits of 500,000 baht, and a mutual fund trading service via the Streaming Fund+ application, with investments starting from just 1 baht.
Kasikorn Securities says bank stock pullback is an opportunity, recommends KKP, KTB, CREDIT
Kasikorn Securities notes that second-quarter 2026 banking group profit came in slightly above expectations, driven by wealth management and FVTPL gains. Combined profit for the seven banks under coverage was 50.4 billion baht, down 1% quarter-on-quarter and 3% year-on-year, but 4% above forecasts. The outlook for the second half of 2026 is expected to improve, supported by stable net interest margins, corporate loan growth, and lower expected credit losses after heavy provisioning in the first half. The research team maintains a positive view on the banking sector but emphasizes greater stock selectivity, recommending KKP, KTB, and CREDIT as top picks on expectations that second-half 2026 earnings will improve as expected credit losses decline.
CREDIT first-half profit surges to 2.15 billion baht, up 17.8%
Thai Credit Bank, or CREDIT, reported a first-half 2026 net profit of 2.1539 billion baht, an increase of 17.8 percent from the same period last year. Second-quarter net profit stood at 989.3 million baht, up 6.9 percent. The growth was driven by a 6.8 percent rise in interest income, following a 13.1 percent expansion in total loans to 194.0805 billion baht, with Micro SME loans growing as much as 13.9 percent. The net interest margin remained strong at 7.1 percent, while the non-performing loan ratio was 4.3 percent, still below the target of 4.5 percent. The bank is confident that full-year loan growth will be in double digits, while keeping NPLs within the target range.
Thai Credit Bank reports first-half profit of 2.15 billion baht, up 18%
Thai Credit Bank Public Company Limited, or CREDIT, reported a net profit of 2.15 billion baht for the first half of 2026, an increase of 17.8 percent from the same period last year. The growth was supported by a 6.8 percent rise in interest income, driven by the expansion of total loans, which stood at 194.08 billion baht at the end of the second quarter, up 13.1 percent year-on-year. Micro SME loans grew 13.9 percent following the launch of new products and dedicated business centers. The net interest margin rose to 7.1 percent for the first half. On asset quality, the non-performing loan ratio was 4.3 percent, while the loan loss coverage ratio remained high at 148.2 percent. The chief executive officer said the bank remains confident in achieving double-digit loan growth for the full year, while keeping the NPL ratio below 4.5 percent.
Major bank stocks dip on sell-on-fact pressure after second-quarter 2026 earnings reports
Shares of large commercial banks declined in morning trade today on profit-taking after the release of second-quarter 2026 results. BAY fell 7.10 percent to 42.50 baht, TTB dropped 3.38 percent to 2.86 baht, CREDIT lost 2.88 percent to 25.25 baht, TISCO shed 2.63 percent to 129.50 baht, KBANK decreased 2.10 percent to 232.00 baht, BBL slipped 1.97 percent to 199.00 baht, KKP was down 1.83 percent to 107.50 baht, SCB declined 1.58 percent to 156.00 baht, and LHFG edged 0.77 percent lower to 1.29 baht. Thanadech Rangsithananon, assistant managing director of securities analysis at Pi Securities, said that although earnings were quite good and in line with expectations, with a positive outlook for the second half, the strong share price rally has made valuations stretched. Many banks are trading at or slightly above a price-to-book value of one times, which may require analysts to upgrade earnings estimates and P/BV targets. Meanwhile, consistently high dividend payouts could result in lower dividend yields as share prices rise, causing stocks to consolidate after pricing in positive factors and absorbing significant fund inflows.
SET closes higher, bank stocks gain on better-than-expected earnings
The Thai stock market closed up 6.97 points, with buying in DELTA and construction stocks benefiting from the Landbridge project. Meanwhile, banking stocks rose on better-than-expected earnings. Krung Thai Bank reported first-half 2026 profit exceeding 24 billion baht, up 7.6%, while Bangkok Bank posted first-half net profit of 20.492 billion baht, despite a 16.2% decline. Thai Credit saw first-half profit surge 17.8%, driven by its Micro SME loan portfolio nearing 200 billion baht.