Thai Credit Bank PCL has operated as a commercial bank for more than 18 years, offering a wide range of financial and investment services. Thai Credit Bank continues to focus on providing loans to Micro, Small, and Medium Enterprises (MSME) and Nano and Micro Finance for small businesses. This caters to the grassroots entrepreneurs, the backbone of the country, who often find it challenging to access financial services, including home loan and digital financial transaction channels (Digital Platform).
| 2024 | 2023 | 2022 | 2021 |
|---|
| Revenues | 18,701.42 | 16,604.31 | 13,451.43 | |
| Expenses | 14,162.94 | 12,145.40 | 10,491.59 | |
| Net Profit (Loss) | 3,624.03 | 3,556.78 | 2,352.52 |
| Assets | 183,101.80 | 163,444.33 | 143,189.47 | |
| Liabilities | 160,069.52 | 145,939.20 | 128,807.89 | |
| Shareholders' Equity | 23,032.28 | 17,505.13 | 14,381.58 |
| Operating | -2,247.87 | -4,286.36 | -3,999.52 | |
| Investing | 799.27 | -357.13 | 2,634.15 | |
| Financing | 1,470.36 | 4,652.85 | 1,405.04 |
| EPS (Baht) | 2.95 | 3.05 | 4.56 | |
| GP Margin (%) | ||||
| NP Margin (%) | 19.38 | 21.42 | 17.49 | |
| D/E Ratio (x) | 6.95 | 8.34 | 8.96 | |
| ROE (%) | 17.88 | 22.31 | 16.36 | |
| ROA (%) | 4.59 | 4.58 | 3.21 |
Thai Credit Bank PCL strives to be the number one among small and micro business customers with a unique business model and meet the real demands of Thai people across all regions. In 2025, Thai Credit is still focusing core product growth by emphasizing sustainable growth for retail business customers and those who do not have access to credit services in the system, the Bank focuses on good, prudent credit quality management, including operational excellence, so that customers receive satisfaction beyond expectations with products and services that deliver true value, emphasizing customer-centricity and designing highly flexible products to align with customers’ business operations in ever-changing situations.
In 2025, Thai Credit target double digit loan growth, NIM change to 8.5-9.0%, CIR stable, and NPLs ratio at 4.5%.
Thai Credit is a commercial bank that adheres to its vision and mission that focuses on conducting business on the basis of sustainable growth by providing the best financial services to support customers grow their business and improve people's quality of life with the Bank's unique microfinance services and elevate the financial status, including contributes to the economy and society, in line with the bank's philosophy, “Everyone Matters”.
In addition, Thai Credit prioritizes raising the quality of life and financial knowledge for communities and society and driving change through various Thai Credit’s initiatives and dedication to regularly conducting business responsibly.
1. Thai Credit under Tang To Know-How entering 9th years. In 2024, there were a total of 63,763 people who participated in training, and there have been more than 200,000 people who have participated in training since the beginning of the project.
In 4Q/2024, Thai Credit's make a new quarterly high record of THB 1,192.4 million, an increase of 61.1% YoY. Thai Credit's net profit in 2024 also recorded high at THB 3,624.0 million. This performance highlights the bank's robust growth potential despite ongoing economic challenges.
Key factors for driving this growth was the continuous expansion of loan portfolios and strong risk management. As of the end of 2024, the total loan amount stood at THB 163,158.6 million, an increase of 13.2% YoY. Additionally, the bank achieved a 10.3% increase in net interest income, attributed to loan growth. At the same time, the bank effectively managed expenses by maintaining a low cost-to-income ratio of 39.9% in 2024. The net interest margin (NIM) also remained high at 8.6% during the same period.
Thai Credit’s interest income for the 2024 increased 14.0% YoY to THB 18,138.0 million. The increased is primarily due to the increase in interest income from loans to customers, as a result of the growth in all Thai Credit's key loan product segments, particularly MSME loans, Personal loans and Home Equity loans.
Thai Credit’s interest expenses for the 2024 increased 32.9% to THB 3,408.8 million, primarily due to interest expenses on deposits as a result of the increase in the amount of deposits through promotional programs, especially Alpha Savings Program, Fixed deposits and Thunjai programs.
Thai Credit's ECL slightly increased by 4.1% YoY, which was in line with the increase in loans to customers. However, Expected Credit Loss to Average Loan decreased from the previous year to 265 basis points due to expected credit loss returned to normal level in the second half of 2024, driven primarily by a decline in new non-performing loans (NPLs), supported by improved debt management and asset quality. In 2024, the bank maintained its NPL ratio at 4.4%, which remains manageable.
- Thai Credit opens a new branch at Siam Paragon shopping mall, 5th floor, which currently has a total of 30 deposit branches.
- Thai Credit launched new product, 'SME Dare to Give Lady First', to enhance financial potential, support female entrepreneurs in running their businesses.
Risk management is key to Thai Credit's stable and sustainable growth. Thai Credit has a risk management plan which focuses on developing and strengthening risk management systems across several areas to ensure that all essential processes are covered, and in line with the BOT's risk oversight guidelines. The risk management plan provides possible mitigation measures to challenges arising from loan quality, especially in a situation caused by an external factor beyond the control of Thai Credit.
Besides, established its organizational structure considering the balance of power and efficient operational processes. It has also adhered to the principles of good corporate governance, implemented a risk reporting system, and put in place suitable risk management tools and processes to manage risks effectively. Also, encouraged all its employees to inform themselves of operational procedures relating to risk management and about their duties and responsibilities, through the publication of a risk management policy, relevant trainings, and supervision in each business unit.
- Thai Credit received the ‘Outstanding Innovative Company Award’ from the Stock Exchange of Thailand
- Thai Credit received the "Sustainable Knowledge Creation" (Sustainability Award) from the Securities and Exchange Commission (SEC)
| as of 30/12/24 | CREDIT | BANK | SET |
|---|---|---|---|
| P/E (X) | 7.20 | 7.73 | 19.33 |
| P/BV (X) | 1.04 | 0.67 | 1.40 |
| Dividend yield (%) | - | 5.41 | 3.23 |
| 30/12/24 | - | - | |
|---|---|---|---|
| Market Cap (MB) | 22,844.53 | N/A | N/A |
| Price (B/Share) | 18.50 | N/A | N/A |
| P/E (X) | 7.20 | N/A | N/A |
| P/BV (X) | 1.04 | N/A | N/A |
