Bangkok Bank Reports FY2024 Net Profit of THB 45.2 Billion, Up 8.6%, on Fair-Value Gains and Fee Growth

Bangkok Bank recorded net profit attributable to shareholders of THB 45.2 billion for the full year 2024, an increase of 8.6% against the prior year, the Thai lender reported in its fourth-quarter results release published on 21 January 2025. Total income reached THB 175.8 billion for the period, up 5.0% year on year, with net interest income growing 2.3% and the net interest margin at 3.06%.

Non-interest income rose 14.4% year on year to THB 41.9 billion, driven primarily by gains on financial instruments measured at fair value through profit or loss, alongside higher fee income from credit card business, bancassurance and mutual fund services.

COSTS AND CREDIT LOSSES

Operating expenses grew 3.2% over the year, compared with total income growth of 5.0%. Expected credit loss charges rose 3.5% to THB 34.8 billion.

Bangkok Bank said it maintained a strong capital position at the year end.