Mitihoon – Bangkok, 21 April 2025 – Thai Credit Bank (CREDIT) announced a net profit of THB 903.0 million for the first quarter of 2025, representing an increase of over 100.8 percent compared to the same period last year. The key driver of this growth was a significant decline in expected credit losses of 42.5 percent from the same period last year, reflecting the Bank’s prudent lending management approach, continuous launch debt relief measures and continuous increase in the number of collection team that led to an improvement in asset quality. However, the NPL Coverage Ratio remained high at 150.7 percent, slightly higher than the same period last year, to accommodate economic uncertainties that may arise in the future, in line with the Bank’s cautious operational strategy.
Although Thailand is facing the US policy of raising import tariffs on foreign goods and the earthquake in late first quarter 2025, the Bank was also able to sustain profit growth. The profit growth was supported by continued loan expansion and effective risk management. Resulting in the end of the first quarter of 2025, total loans amounting to THB 165,889.6 million, representing an increase of 1.7 percent from the previous year. Net interest income rose by 1.6 percent in line with the expansion of the loan portfolio. Meanwhile, the Bank maintained efficient control over asset quality, keeping the gross NPL ratio at a same level of 4.4 percent. The net interest margin (NIM) also remained high at 7.9 percent, reflecting the Bank’s operational efficiency.
Mr. Roy Agustinus Gunara, Chief Executive Officer of Thai Credit Bank Public Company Limited (CREDIT), stated, “Despite ongoing economic challenges, Thai Credit Bank continues to pursue a strategy grounded in prudence and financial discipline, with a strong focus on rigorous credit quality management. At the same time, the Bank has continued to develop highly flexible products to meet the evolving needs of customers in a constantly changing business environment. These efforts will enable the Bank to navigate economic volatility with resilience and long-term sustainability.”
In 2025, Thai Credit Bank launched a new loan product under the name “SME Kla Soo” (SME Dare to Fight), aiming to enhance access to funding for micro-SME entrepreneurs. The initiative is designed to empower business owners to overcome obstacles and challenges with confidence and stability, in alignment with the Bank’s commitment to stand by entrepreneurs through every situation (“STANDBY – Standing by SMEs at All Times”). The “SME Kla Soo” loan marks the Bank’s first implementation of a risk-based pricing model for the micro-SME segment. This model emphasizes flexibility by determining interest rates based on the specific risk profile of each entrepreneur, thereby allowing customers to receive more suitable loan terms and conditions. At the same time, the Bank continues to promote “Sin Chuea Tao Kae Yai” (Business loan) loan program to provide working capital and strengthen liquidity for small business operators. This effort supports them in navigating economic volatility and enables sustainable long-term business growth.
The key strategies that the Bank is employing to drive growth targets in 2025 consist of:
- Expanding loan growth in core product segments
- Enhancing and upgrading information technology systems for greater efficiency
- Creating and developing new business ventures to diversify and strengthen future revenue streams
These three strategic pillars are aligned with the Bank’s long-term operational plan, which is aimed at supporting sustainable growth and strengthening competitive capabilities over the long run.
“The Bank is committed to elevating the delivery of sustainable financial services by focusing on building a solid foundation through the integration of information technology to streamline operations. This enhances agility in responding to the rapidly changing economic environment and advances the Bank’s systems and platforms to align with the digital transformation trends in the financial industry, both now and in the future. In addition, the Bank plans to continuously develop products and services while expanding customer service touchpoints by opening Business Centers in key commercial provinces, in order to effectively meet customer needs and efficient broaden service coverage.”, Mr. Roy further stated
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