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).
| 6M25 | 6M24 | 2024 | 2023 |
|---|
| Revenues | 9,330.83 | 9,188.56 | 18,701.42 | 16,604.31 |
| Expenses | 7,042.32 | 7,612.94 | 14,162.94 | 12,145.40 |
| Net Profit (Loss) | 1,828.19 | 1,269.72 | 3,624.03 | 3,556.78 |
| Assets | 191,953.24 | 175,224.33 | 183,101.80 | 163,444.33 |
| Liabilities | 167,845.93 | 154,549.81 | 160,069.52 | 145,939.20 |
| Shareholders' Equity | 24,107.31 | 20,674.53 | 23,032.28 | 17,505.13 |
| Operating | 1,475.24 | -1,555.80 | -2,247.87 | -4,286.36 |
| Investing | -663.77 | -162.54 | 799.27 | -357.13 |
| Financing | -906.08 | 1,661.41 | 1,470.36 | 4,652.85 |
| EPS (Baht) | 1.48 | 1.04 | 2.95 | 3.05 |
| GP Margin (%) | ||||
| NP Margin (%) | 19.59 | 13.82 | 19.38 | 21.42 |
| D/E Ratio (x) | 6.96 | 7.48 | 6.95 | 8.34 |
| ROE (%) | 18.68 | 14.81 | 17.88 | 22.31 |
| ROA (%) | 4.80 | 3.87 | 4.59 | 4.58 |
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 customers and those who can't access to financial services, 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 loan growth 10.0-15.0%, NIM at 7.5-8.0%, CIR at 42.0-43.0%, Credit Cost at 2.00-2.70%, and NPLs ratio less than 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 1H/2025, there were 33,268 people attending training.
2. Thai Credit supported Samut Sakhon Province in participating in the "World Anti-Drug Day" event under the concept of "Stop Drugs, Strat Power, Build Thai Power, Stop Drug Dangers"
Thai Credit reported net profit of 925.2 million Baht for 2Q/2025, growing by 12.8% YoY. The bank recorded a net profit of 1,828.2 million Baht for 1H/2025, an increase of 44.0% YoY. EPS stood at 0.75 Baht for 2Q/2025 and 1.48 Baht for 1H/2025, reflecting the bank’s approach that prioritizes prudence in navigating through the volatile economic environment.
The key factor was the ability to maintain an expansion in loans outstanding, which stood at 171,661.8 million Baht at the end of 2Q/2025, representing an increase of 13.0% YoY. The bank successfully grew its loan portfolio across all major segments. In addition, the expected credit loss declined by 36.7% YoY as a result of the bank’s prudent credit risk management and its ongoing debtor assistance measures, which contributed to the improvement in asset quality. Although the NIM decreased from the previous year, it remained high at 7.6%.
In 2Q/2025, Thai Credit reported a net profit of THB 925.2 million for 2Q/2025, a THB 105.1 million rise or 12.8% YoY, while recording a net profit of THB 1,828.2 million in 1H/2025, increasing significantly by 44.0% YoY. The main reason was due to the significant decrease in expected credit losses of 36.7% YoY in accordance with our prudent loan management. Moreover, in 2025, Thai Credit continued to provide debt relief measures such as “You Fight, We Help” measure. As a result, debt quality continuously improved. Gross NPLs ratio slightly decreased to 4.3%, while the NPL Coverage Ratio increased to 154.4%, to accommodate the economic uncertainty that may occur in the future.
As of June 30, 2025, Thai Credit’s loan growth increased 13.0% YoY and increased 5.2% from December 31, 2024, mainly due to cautious loan growth and focus on portfolio quality. However, in 1H/2025, NIM was 7.8%, and decreased YoY. This decrease is partly due to the Bank of Thailand's continued policy interest rate cuts and the impact of debtor assistance measures. ROE in 2Q/2025 remained high compared to the industry average of 15.41%.
- Thai Credit ranked in Fortune Southeast Asia 500 companies for the 2nd consecutive year by Fortune magazine
- Thai Credit opened new branch on “Nimmanhaemin Rd., Chiang Mai” to support business growth in the northern region.
- Thai Credit signed a MoU with the SSO for the Employment Promotion Loan Project, Phase 3 (2025-2026) to strengthen entrepreneurs and promote employment in MSME 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 certified with ISO 14064-1 and the first-ever Carbon Footprint for Organization (CFO) certification from TGO
- Thai Credit certified as a member of CAC for the 3rd time.
| as of 30/06/25 | CREDIT | BANK | SET |
|---|---|---|---|
| P/E (X) | 4.91 | 7.09 | 14.76 |
| P/BV (X) | 0.84 | 0.61 | 1.03 |
| Dividend yield (%) | 3.70 | 7.28 | 4.39 |
| 30/06/25 | 30/12/24 | - | |
|---|---|---|---|
| Market Cap (MB) | 20,004.40 | 22,844.53 | N/A |
| Price (B/Share) | 16.20 | 18.50 | N/A |
| P/E (X) | 4.91 | 7.20 | N/A |
| P/BV (X) | 0.84 | 1.04 | N/A |
