0639 GMT - Thai banks' earnings growth in 2025 was likely driven by higher non-interest income, DBS Group Research analyst Thaninee Satirareungchai says in a report. Non-interest income increased significantly and became the key earnings driver from January to September 2025, thanks to favorable bond and equity markets. Lower operating expenses and reduced expected credit loss were alsolikely key earnings growth drivers. Credit costs likely declined last year, given the banks' proactive loan restructuring, nonperforming loan management and conservative loan expansion. DBS maintains a neutral rating on Thailand's banking sector, and pegs Krung Thai Bank, Siam Commercial Bank and Kiatnakin Phatra Bank as its top picks.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 09, 2026 01:39 ET (06:39 GMT)
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