SCBX REPORTS FIRST-QUARTER 2026 NET PROFIT OF BAHT 10,195 MILLION

In Q1 2026, net interest income totalled THB 26,781 million, declining 13.7% year-on-year, as net interest margin (NIM) compressed following four policy rate cuts in 2025 and one cut in February 2026. Loan growth, however, remained positive at 3.4% year-to-date, supported by expansion in large corporate and mortgage lending.

Fee and other income totalled THB 11,962 million, increasing 17.7% year-on-year, with growth across all major fee categories. The increase was led by wealth management fees, steady growth in lending-related and transactional fees, and other fee income supported by higher activity in investment banking and capital markets.

Investment and trading income totalled THB 568 million, declining 66.5% year-on-year, reflecting lower gains from investment portfolio of SCB Bank and SCB 10X.

Operating expenses totalled THB 16,662 million, declining 2.3% year-on-year, driven by strict cost discipline, resulting in a cost-to-income ratio of 42.4% for the quarter.

Provisions declined 4.4% year-on-year, reflecting an improvement in the expected credit loss for both the Bank and CardX. The coverage ratio remained healthy at 162.3%.

Overall asset quality remained well-controlled, with the NPL ratio at 3.23%, improving from 3.29% in the prior quarter. The capital adequacy ratio remained strong at 18.0%.

Arthid Nanthawithaya, Chief Executive Officer of SCBX, commented:

"The first quarter of 2026 presented a challenging backdrop for the Thai economy, as prolonged conflict in the Middle East exerted significant pressure on both the global and domestic economic environment. The ripple effects — including elevated energy prices, higher import costs, and headwinds to the export and tourism sectors — inevitably transmitted through to household and business operating costs.

Against this backdrop of uncertainty, SCBX remained firmly committed to supporting our customers and business operators in maintaining business continuity. We engaged closely with clients to assess the impact, recommend adaptive strategies, and provide targeted assistance to help viable businesses recover over the long term. In parallel, we conducted a comprehensive review of the loan portfolios across SCB and its subsidiaries to assess debt serviceability and the adequacy of provisioning, while maintaining a disciplined balance between prudent risk management and the pursuit of quality loan growth.

On the strategic front, SCBX established BankX Bank Public Company Limited, a virtual bank, in partnership with global partners KakaoBank and WeBank Technology Services. We are confident that BankX will serve as a key enabler in expanding financial inclusion, elevating the customer experience through digital services, creating new value for Thailand's financial system, and driving sustainable long-term value creation across the SCBX group."

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