Bangkok Bank Public (BBL) investor relations material

1H25 key highlights and financial performance

• Net profit increased by 9.5% YoY, driven by effective asset management and quality loan growth, with a net interest margin of 2.85% and a cost-to-income ratio of 45.3%.

• NPL ratio remained at 3.2%, with a robust coverage ratio of 283.6% and healthy liquidity, as reflected by an 84.9% loan-to-deposit ratio.

• Net fees and service income declined slightly by 0.8% YoY, mainly due to softer transaction services, while global market services and bancassurance performed well.

• Operating expenses rose 5.2% YoY, but operational efficiency improved, keeping the cost-to-income ratio stable.

• Capital positions strengthened, with a common equity tier 1 ratio of 16.7% and total capital ratio of 22.0%.

Operating environment and macroeconomic context

• Global growth is weakening in 2025 due to trade tensions and policy uncertainty, with world GDP growth projected at 2.8%.

• Global trade is expected to contract by -0.2% in 2025, with Asia's trade growth slowing amid tariffs and uncertainty.

• Thailand's exports surged in early 2025 due to temporary front-loading from U.S. reciprocal tariffs, but tourism recovery remains uneven, especially from China.

• Political instability has undermined fiscal policy effectiveness, and private investment is at risk despite incentives, as regional peers attract more FDI.

• Bank forecasts Thailand's GDP growth at 1.5-2.0% for 2025, reflecting global headwinds and domestic challenges.

Loan portfolio, asset quality, and liquidity

• Loan growth was 0.7% YTD, mainly from corporate customers, with a diversified portfolio across business units and industries.

• Asset quality remained stable, with prudent reserves and a high coverage ratio, while NPLs were managed within target levels.

• Funding and liquidity remained strong, with a loan-to-deposit ratio of 84.9% and liquid assets at 39.8% of total assets.