SCB X logs 10.2% net profit rise to THB12.06b in Q3

Its net profit has risen by 15.8% in the first nine months of 2025.

SCB X Public Company Limited (SCB X), the parent company of Siam Commercial Bank (SCB), logged a consolidated net profit of $371.87m (THB12.06b) for Q3 2025, it said in a press release. Profit is also 10.2% higher compared to the same period a year earlier.

SCB X attributed the increase to higher investment gains, increased fee income from its wealth management business, and cost control.

For the first nine months of 2025, net profit rose 15.8% year-on-year (YoY) to $1.15b (THB37.34b).

Net interest income in Q3 declined 9.9% YoY to approximately $906.57m (THB29.4b) due to a narrower net interest margin (NIM). Overall loan portfolio contracted 3.3% YoY from “prudent new loan underwriting,” SCB X said.

The non-performing loan (NPL) ratio was 3.3% at the end of Q3, down from 3.38% in Q3 2024.

Fee and other income rose 9.6% YoY to $320.69m (THB10.94b) during the same quarter thanks to higher fee income from wealth management. Income was also supported by increased flows into high-value funds, growth of transactional banking, and lending-related and other fees.

Investment and trading income reversed last year’s loss, with a turnaround to about $102.68m (THB3.33b).

Operating expenses dipped 0.2% YoY to $542.09m (THB17.58b). Cost-to-income ratio fell to 40.2%.

(US$1 = THB32.43; as of 30 October 2025, Morningstar via Google)