SCB X net profit up 18.7% to $386.9m in H1

Q2 net profit rose 27.7% on higher investment gains and reduced losses.

SCB X Public Company Limited (SCBX), the parent company of Thailand’s Siam Commercial Bank (SCB), reported a consolidated net profit of approximately $386.89m (THB12.79b) for Q2 2025.

This is 27.7% compared to the same period last year, the bank said in a press release.

SCBX attributed the rise to higher investment gains, reduced expected credit losses, and cost control.

For the first half of 2025, net profit rose 18.7% year-on-year (YoY) to $784.79m (THB25.29b).

In Q2, net interest income decreased by 6.7% YoY to $943.3m (THB30.4b) on narrower net interest margin (NIM) and an overall loan portfolio contraction of 1.8% YoY, which the bank said was due to prudent new loan underwriting.

Fee and other income totaled $310.3m (THB10b), decreasing 3.1% YoY.

Investment and trading income was $100.53m (THB3.24b) mainly from higher gains from SCB Bank and SCB 10X’s investment portfolio, it said.

Operating expenses decreased by 5.6% YoY to $543.92m (THB17.53b). Cost-to-income ratio decreased to 40.2%.

Nonperforming loan (NPL) ratio was 3.31% at the end of Q2 2025, down from 3.34% in Q2 2024.

(US$1 = THB32.23. As of 24 July 2025, Google, from Morningstar)