The Thai banking industry recorded virtually no growth in net profit for both the second quarter and the first half of 2026, as geopolitical tensions and a sluggish domestic economy weighed on performance.The 11 banks listed on the Stock Exchange of Thailand (SET) and their subsidiaries reported combined net profit of 66.3 billion baht in the second quarter, up just 0.02% year-on-year. For the first half of the year, the industry posted total net profit of 135 billion baht, a marginal increase of 0.09%.
The flat earnings growth reflected economic headwinds stemming from Thailand's weak economic expansion and the ongoing conflict in the Middle East. Two of the country's largest lenders -- Bangkok Bank (BBL) and SCB X, the holding company of Siam Commercial Bank -- reported double-digit declines in net profit for both the second quarter and the first half of the year.
BBL, the country's largest lender by total assets, reported second-quarter net profit of 9.49 billion baht, down 19.8% year-on-year. Net profit for the first six months of the year totalled 20.5 billion baht, a decline of 16.2%.
Meanwhile, SCB X posted second-quarter net profit of 11.1 billion baht, down 13.1% year-on-year, while first-half net profit fell 15.7% to 21.3 billion baht.
