Krungsri posts 6.8% profit rise to $501m as AI supply chain fuels corporate lending

Loans inched up just 0.4% overall whilst deposits fell by 2.8% in the H1 period.

Bank of Ayudhya (Krungsri) posted a net profit of $501.04m (THB16.91b) in the first six months of 2026, a 6.8% year-on-year (YoY) increase, lifted by the growth in fees as well as corporate loans.

AI-related supply chains and the electronics sector drove the 6% YoY expansion in corporate loans, the Thai bank said in its first-half earnings report.

“Domestic business growth was led by the corporate segment, reflecting continued investment activity in high-growth sectors and ongoing expansion opportunities,” said Kenichi Yamato, Krungsri president and chief executive officer.

The bank’s ASEAN loan customer segment grew 5.1% YoY during the period.

Overall, loans inched up 0.4% YoY to $238.25m (THB8.041m) in H1 2026 compared to the last six months of 2025 (H2 2025).

Deposits, in contrast, decreased by 2.8% to $1.46b (THB49.27b) in H1 compared to H2 2025, primarily driven by a reduction in higher-cost term deposits, Krungsri said. This was partially offset by growth in current and savings deposits, which Krungsri attributed to its efforts to optimise its funding structure by managing its balance sheet and liquidity.

Non-interest margin (NIM) is 4.60% in H1 compared to 4.14% in H1 2025.

Non-interest income rose by 15.4% YoY or by $108.65m (THB3.667b), lifted by an increase in net fees and service income as well as higher gains from financial instruments, increased bad debt recoveries, and higher gains on investments, Krungsri said.

Non-performing loan (NPL) ratio improved to 3.08% in end-June 2026 from 3.26% at the end of December 2025. Coverage ratio was 137.9%.

(US$1 = THB 33.75, as of 23 July 2026)