TMBThanachart Bank (TTB) investor relations material

Executive summary

• 9M consolidated profit was THB 16.134bn, up from THB 15.399bn YoY; Q3 profit was THB 5.457bn, up from THB 5.299bn.

• Strategy focused on higher-quality earnings, high-yield retail lending, wealth and digital growth, supported by strong risk, liquidity and capital buffers.

Financial highlights

• Q3 NII was THB 12.763bn, up 4% QoQ and 2.9% YoY; 9M NII was THB 37.179bn, down from THB 38.365bn.

• Consolidated operating income was THB 16.786bn in Q3 and THB 50.862bn for 9M, up YoY in both periods.

• Net fees and service income was THB 2.933bn in Q3 and THB 8.941bn for 9M, up YoY; non-interest income normalized QoQ after Q2 mark-to-market gains, seasonal dividends and lower investment fees.

• Q3 OpEx declined 5% QoQ; the YoY increase was mainly driven by higher sales incentives, while salaries were broadly stable.

• 9M expected credit loss was THB 12.113bn, down from THB 12.854bn YoY; Q3 was THB 4.078bn, up from THB 3.980bn.

Outlook and guidance

• 9M performance remained broadly on track against full-year targets; cost-to-income ratio remained within the mid-40s% target.

• Risk-based pricing is planned for additional lending products, including CYB and flash card, extending the approach beyond Cash2Go.

• Capital ratio was 18.8% in the prior quarter and is expected to remain stable, with limited RWA impact anticipated from a shift toward retail lending.