Krung Thai Bank, or KTB, reported a net profit of 12.125 billion baht for the second quarter of 2026, up 9% from a year earlier, with first-half profit at 24.562 billion baht, growing 7.6%. Interest income fell 13 to 15%, and the net interest margin narrowed to just 2.45%, but non-interest income strengthened, driven by a 10.3% rise in fees and wealth management business, along with money market and capital market income that helped support earnings. The cost-to-income ratio declined to 38.9%, reflecting efficiency gains from digital investments. Asset quality remained solid, with non-performing loans at only 2.92%, a coverage ratio as high as 205%, and credit costs below 1%. The Common Equity Tier 1 ratio stood at 18.7%, and the total capital adequacy ratio reached 20.7%. Analysts at Kasikorn Securities expect loan growth this year could reach 3.9%, supported by government investment projects and foreign direct investment in the Eastern Economic Corridor. Meanwhile, Krungsri Securities raised its target price to 55 baht, noting that first-half profit already accounts for more than 51% of the full-year estimate, and the bank has the potential to maintain a return on equity of around 10%, with a dividend yield of approximately 6 to 8%.
Krung Thai Bank Public Company LimitedKTB reported 9% profit growth, strong non-interest income, improved efficiency, and solid asset quality.