Bangkok Bank has reported a net profit of 12.618 billion baht for the first quarter of 2025, representing a 19.9% increase compared to the same period last year.

The bank's financial performance was influenced by the Thai economy's slowdown in Q1 2025, characterized by decreased private investment amid global trade uncertainty.

Despite this, exports showed tentative signs of recovery, and manufacturing experienced a modest rebound in automotive production.

However, growth in the services sector was impacted by a decline in Chinese tourist numbers and spending.

The bank identified key risks to Thailand's 2025 economic outlook, including US trade policy uncertainty, geopolitical volatility in energy and commodity prices, and high household debt.

Bangkok Bank's net interest income reached 31.909 billion baht, with a net interest margin of 2.89%, driven by total operating income.

The bank also reported growth in net fees and service income, primarily driven by loan-related fees, bancassurance, and mutual fund services.

Operating expenses increased, but the bank achieved improved operational efficiency, with a cost-to-income ratio of 45.5%.

As of March 2025, total loans stood at 2,720.983 billion baht, representing a 1.0% increase from the end of last year, while deposits reached 3,225.131 billion baht, a 1.8% increase from the end of last year.

The bank's non-performing loan ratio remained stable at 3.0%, with a strong allowance for expected credit losses to non-performing loan ratio of 300.3%.

The total capital adequacy ratio, Tier 1 capital adequacy ratio, and Common Equity Tier 1 capital adequacy ratio were 21.0%, 16.5%, and 15.8%, respectively, exceeding the minimum capital requirements.