Phillip Securities (Thailand) estimates that Bangkok Bank, or BBL, will post net profit of approximately 9.4 billion baht in the third quarter of 2026, down 31.9% from the same period a year earlier and down 1.2% from the previous quarter. The main pressures come from lower interest income after cuts to loan rates, as well as lower gains from financial instruments, while interest costs and expenses are trending higher. However, the research team expects net profit for the first nine months of 2026 to come in at 25.1 billion baht, up 2% from the same period a year earlier, driven by growing fee income and lower expenses. On lending, BBL's loans in the third quarter of 2026 are expected to contract 2% from the previous quarter, leaving loan growth from the end of 2025 at just 0.6% year-to-date. Non-performing loans are likely to rise further from the 3.3% level seen in the second quarter of 2026. For 2026, the research team maintains its net profit forecast for BBL at 42 billion baht, down 8.5% from the same period a year earlier, and keeps its target price at 218 baht with a buy rating, viewing the current share price as still having considerable upside to the target.
Bangkok Bank PCLPhillip Securities estimates BBL's Q3 2026 net profit will plunge 31.9% year-on-year on lower interest income and weaker financial-instrument gains.
