Banks’ consolidated financial statements for 3Q25 reflect sustained operational performance, despite slowdowns in NIM (Current Issue No.3616)

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Although core business revenue remained weak, banks were able to sustain their operational performance in 3Q25, supported by investment gains, an increase in fair value through profit or loss (FVTPL), and fee income linked to financial market conditions.
As loan yields declined at a faster pace than funding costs, banks’ net interest margins (NIMs) contracted for the fourth consecutive quarter. Although the non-performing loan (NPL) ratio rose slightly in 3Q25, credit quality continues to warrant close monitoring.
The consolidated financial statements of nine banks may indicate that the data from 17 Thai banks, which will be gradually announced thereafter, is likely to show a similar trend. Looking ahead to the remainder of 2025, KResearch expects economic uncertainty to continue to pose challenges to core business revenue, including lending. Combined with the potential for another interest rate cut before year-end, this could further pressure the banking sector’s NIM, possibly declining below 2.72 percent in 4Q25.

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