← Bangkok Bank PCL overview

Bangkok Bank PCL vs SCB X: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Bangkok Bank PCL (BBL.BK)

Q3 2026
▲2▼2

Bangkok Bank Q3: cheap valuation and inflows offset profit slump and bad loans

  • Profit slump and rising bad loans Q2 profit fell 19.8% and Q3 profit is forecast to drop 24-32% year-on-year, while bad loans rose to 3.3% of total lending. Rate cuts are squeezing the bank's profit margin.

    This is the main negative force on the stock, showing earnings pressure and deteriorating loan quality.

  • TWZ default hits Bangkok Bank The default of TWZ exposes Bangkok Bank to roughly 597 million baht in losses. This adds a specific, unexpected credit cost on top of already rising bad loans.

    It is a concrete new negative event that directly affects the bank's bottom line.

  • Deep discount and high dividend attract buyers Shares trade at 0.6 times book value, the cheapest among Thai banks, with a 5-7% dividend yield. Foreign money flowing into Thai banks and Fitch's outlook upgrade support the stock.

    This explains the positive counterweight: valuation and income appeal drawing investors despite weak profits.

  • Corporate loan growth from factories and data centres Foreign direct investment is driving corporate loan growth, especially for new factories and data centres. New funding and fee income initiatives also add support.

    It shows a fundamental growth driver that can offset margin pressure over time.

August 2026
▲3▼1

BBL: cheap valuation and FDI loan growth offset weak Q3 profit

  • FDI-driven corporate loan growth BBL expects large corporate loans to keep growing as foreign factories and data centres move into Thailand and Southeast Asia. Executives say real loan demand follows the first investment phase, which supports future interest income and makes BBL a top pick for the new investment cycle.

    This is the main new fundamental reason BBL's loan book and earnings can grow beyond the current weak quarter.

  • Cheap valuation and high dividend support Several brokers name BBL a top pick with target prices of 203-240 baht, citing a price-to-book value near 0.6 times, the lowest among Thai banks, and a dividend yield above 5%. BBL paid a 2.00 baht interim dividend in September, and steady payouts keep income-seeking investors interested.

    It explains the main support for the share price even while profits are falling.

  • Q3 profit set to fall sharply Brokers expect BBL's third-quarter 2026 profit to drop about 24.5% from a year earlier, the weakest among Thai banks, as rate cuts squeeze lending margins and large corporate customers repay debt. This weak earnings season is a real drag on the stock.

    It is the clearest new negative force on BBL's price this period.

  • New funding and fee income from cards and bonds BBL raised $750 million in overseas bonds, issued government savings bonds, and is an underwriter for a 30 billion baht sustainability-linked bond. It also targets 2.4 million credit cards and 8% spending growth, adding fee income and customer activity.

    These new funding and fee streams support earnings and show business expansion beyond lending.

Latest
▲3▼1

BBL: cheap valuation and FDI loan growth offset weak Q3 profit

  • FDI-driven corporate loan growth BBL expects large corporate loans to keep growing as foreign factories and data centres move into Thailand and Southeast Asia. Executives say real loan demand follows the first investment phase, which supports future interest income and makes BBL a top pick for the new investment cycle.

    This is the main new fundamental reason BBL's loan book and earnings can grow beyond the current weak quarter.

  • Cheap valuation and high dividend support Several brokers name BBL a top pick with target prices of 203-240 baht, citing a price-to-book value near 0.6 times, the lowest among Thai banks, and a dividend yield above 5%. BBL paid a 2.00 baht interim dividend in September, and steady payouts keep income-seeking investors interested.

    It explains the main support for the share price even while profits are falling.

  • Q3 profit set to fall sharply Brokers expect BBL's third-quarter 2026 profit to drop about 24.5% from a year earlier, the weakest among Thai banks, as rate cuts squeeze lending margins and large corporate customers repay debt. This weak earnings season is a real drag on the stock.

    It is the clearest new negative force on BBL's price this period.

  • New funding and fee income from cards and bonds BBL raised $750 million in overseas bonds, issued government savings bonds, and is an underwriter for a 30 billion baht sustainability-linked bond. It also targets 2.4 million credit cards and 8% spending growth, adding fee income and customer activity.

    These new funding and fee streams support earnings and show business expansion beyond lending.

September 2026
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BBL: cheap valuation and inflows offset profit drop, flood relief

  • Manufacturing shift and weak baht boost sentiment Thailand's manufacturing shift and a weak baht are drawing positive attention to BBL, as these trends can support export-related borrowers and overall economic activity, helping the bank's business outlook.

    This is a new positive force supporting BBL's price during the period.

  • Fitch upgrade and foreign fund returns add tailwinds Fitch's outlook upgrade and foreign fund returns are bringing money back into Thai banks, while the central bank's SME credit support and BBL's cheap 0.6x book value make it a top pick for its 4-7% dividend yield.

    These are new positive developments that lifted BBL's shares.

  • TWZ default and profit forecast cut The TWZ default exposes BBL to about 597 million baht in losses, and Q3 2026 profit is forecast to fall 24-32% year-on-year on weaker interest income, weighing on the stock.

    This is a new negative event and earnings warning for the period.

  • Flood relief measures squeeze margins but seen as limited Flood relief measures like loan deferrals and rate cuts are squeezing margins, but analysts view the impact as limited and the pullback as a buying opportunity, with BBL's low retail exposure softening the blow.

    This new risk is balanced by analyst optimism, making it a mixed driver.

▲2▼2

Flood relief hits bank margins, but BBL still a top pick for investment cycle

  • Flood relief measures squeeze margins Bangkok Bank and peers are offering flood-hit customers up to 12 months of principal deferral, installment cuts up to 40%, and SME loans at 3.5%. This reduces interest income and pressures margins, but BBL's retail exposure is under 10%, so the hit is smaller than at some rivals.

    This is the main new negative event this period, directly affecting BBL's lending profitability.

  • Q3 profit forecast to fall sharply Finansia expects BBL to post the largest year-on-year profit decline among Thai banks in Q3 2026, as three policy rate cuts over the past year have reduced interest income. This confirms a weak earnings season ahead, weighing on the stock.

    This is a new, specific negative forecast for BBL's upcoming earnings, which matters to investors.

  • Brokers still name BBL a top pick Kasikorn, Asia Plus, and InnovestX all highlight BBL as a top pick for Q4 2026, citing the new investment cycle, cheap valuation, and attractive 4-7% dividend yield. This supports demand for the stock even as short-term earnings are weak.

    This shows the positive counterweight to the negative flood and earnings news, explaining why BBL may still attract buyers.

  • Flood impact seen as limited, buying opportunity Kasikorn Securities says past floods only dragged the market down about 1% and advises accumulating bank stocks like BBL on dips. KGI also sees the pullback as a chance to buy, expecting no major economic damage. This limits panic selling.

    This explains why the flood news may not cause a sustained sell-off, providing balance to the negative drivers.

▲3▼1

BBL gains from rate-hike bets and investment cycle, but Q3 profit set to drop

  • Global rate-hike cycle lifts bank earnings outlook The Fed raised rates 0.25% and signaled more may come, pushing US 10-year bond yields to a 19-year high. Higher rates let banks earn more on loans than they pay on deposits, and brokers repeatedly named BBL a top pick to benefit.

    This is the dominant new force this period, directly boosting BBL's profit outlook and attracting buyers.

  • Fitch outlook upgrade and foreign fund return Fitch raised Thailand's credit outlook to Stable from Negative, and foreign investors turned net buyers of Thai stocks. Better credit confidence lowers BBL's funding costs and draws foreign money into large bank stocks like BBL.

    This is a new, concrete event that improves BBL's funding costs and investor demand.

  • New investment cycle and data center push to boost lending Kasikorn Securities named BBL a top pick for the new investment upcycle, citing its 83% loan-to-deposit ratio leaving room to lend. Data center investment and the AHKIA trade pact should lift corporate loan demand, with BBL's money-market loans already up 18% month-on-month.

    This points to future loan growth, a core driver of bank earnings, and is new this period.

  • Q3 profit forecast to fall sharply Phillip Securities expects BBL's Q3 2026 profit at 9.4 billion baht, down 31.9% from a year earlier, on lower interest income and weaker financial gains. UOB Kay Hian also sees a 23.6% drop. This profit decline is a real drag on the stock.

    This is the main counterweight, showing earnings are still weak despite positive sentiment.

▲3▼1

BBL gains from weak baht, cheap valuation, and SME credit push

  • Thailand as a manufacturing hub boosts banking activity Executives from SCG, IVL, and AOT said trade wars are shifting factories to Thailand, with record foreign investment applications. Bangkok Bank's Dr. Kobkarn said this lifts banking activity. More factories mean more loans and deposits for BBL.

    New evidence of rising investment demand that directly increases BBL's lending and fee income.

  • Weak baht and rising oil make BBL a top pick Asia Plus named BBL a top pick for September, citing the weak baht (33.16 per dollar) and rising oil prices. BBL trades at only 0.6 times book value, half the sector average of 1.2 times. Cheap valuation plus currency tailwinds attract buyers.

    Direct analyst recommendation and valuation gap explain why investors are buying BBL now.

  • TWZ default exposes BBL to 597 million baht TWZ Corporation defaulted on debts, triggering a cross default on its convertible bonds. BBL is TWZ's largest creditor, owed 523.21 million baht plus a 74.10 million baht guarantee payout. This raises BBL's bad-debt risk, a drag on earnings.

    A concrete credit loss event that could hurt BBL's profitability and is new information.

  • Fed hike fears favor banks; BoT unlocks SME credit TTB Wealth warns a Fed rate hike could drop the SET 5-10%, but recommends banks like BBL to outperform in rising bond yields. Separately, the Bank of Thailand plans 200 billion baht in new SME loans yearly from 2027. BBL holds 15% of SME loans, so it gains lending and lower bad debts.

    Two new monetary and regulatory catalysts that directly support BBL's earnings outlook.

July 2026
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BBL Q2 profit miss triggers sell-off, then rebound on upgrades

  • Q2 profit miss and NPL rise BBL's Q2 2026 net profit fell 19.8% to 9.5 billion baht, missing expectations, as net interest income dropped 12.4% and non-interest income slumped. The NPL ratio rose to 3.3%, partly due to Italian-Thai Development debt. This triggered a 6.5% share price drop and broker downgrades.

    The profit miss is the main new negative event that directly caused the sharp sell-off in BBL shares.

  • Fitch warns of sector profit pressure Fitch Ratings expects major Thai banks' profits to shrink in 2026 due to economic slowdown, narrowing margins, and rising bad loans, especially in SME and retail segments. This adds to concerns about BBL's future earnings and asset quality.

    This is a new independent warning that reinforces the negative outlook for BBL's profitability.

  • Broker upgrades and rebound After the sell-off, Krungsri Securities upgraded BBL to buy with a 225 baht target, citing low book value (0.9x PBV) and attractive 5-6% dividend yield. The sector is expected to benefit as the rate-cutting cycle ends and government investment resumes. BBL shares rebounded 1.07%.

    This shows a positive counterweight: analysts see value and upgraded the stock, which could support a price recovery.

  • Foreign inflows into Thai banks Global tensions drove 44 billion baht of foreign inflows into Thai stocks since early July, with banking stocks like BBL among the top picks as safe-haven, high-dividend plays. This buying provided some support before the earnings miss.

    This explains a key force behind BBL's price before the earnings: foreign demand for defensive Thai bank stocks.

▲2▼2

BBL Q2 profit miss triggers sell-off, then rebound on upgrades

  • Q2 profit miss and NPL rise BBL's Q2 2026 net profit fell 19.8% to 9.5 billion baht, missing expectations, as net interest income dropped 12.4% and non-interest income slumped. The NPL ratio rose to 3.3%, partly due to Italian-Thai Development debt. This triggered a 6.5% share price drop and broker downgrades.

    The profit miss is the main new negative event that directly caused the sharp sell-off in BBL shares.

  • Fitch warns of sector profit pressure Fitch Ratings expects major Thai banks' profits to shrink in 2026 due to economic slowdown, narrowing margins, and rising bad loans, especially in SME and retail segments. This adds to concerns about BBL's future earnings and asset quality.

    This is a new independent warning that reinforces the negative outlook for BBL's profitability.

  • Broker upgrades and rebound After the sell-off, Krungsri Securities upgraded BBL to buy with a 225 baht target, citing low book value (0.9x PBV) and attractive 5-6% dividend yield. The sector is expected to benefit as the rate-cutting cycle ends and government investment resumes. BBL shares rebounded 1.07%.

    This shows a positive counterweight: analysts see value and upgraded the stock, which could support a price recovery.

  • Foreign inflows into Thai banks Global tensions drove 44 billion baht of foreign inflows into Thai stocks since early July, with banking stocks like BBL among the top picks as safe-haven, high-dividend plays. This buying provided some support before the earnings miss.

    This explains a key force behind BBL's price before the earnings: foreign demand for defensive Thai bank stocks.

SCB X Public Company Limited (SCB.BK)

Q3 2026
▲2▼2

SCB X hit by profit drop, bad loans; rate-cut end and new fees offer hope

  • Profit decline and bad loans Q2 profit fell 13% on rate cuts, with 14.5bn baht write-offs and rising bad loans keeping provisions high. Q3 profit is expected down 5–10%, squeezing earnings.

    This is the main negative force on the stock, showing earnings pressure from credit costs and rate cuts.

  • SME risks from tariffs and zombie firms US tariffs and 'zombie' firms threaten SME lending, a key business for SCB. This adds uncertainty to future loan quality and growth.

    It highlights a specific risk to SCB's loan book that could lead to more defaults and provisions.

  • Rate-cut cycle ending, stabilizing margins The rate-cut cycle appears over, which should stabilize SCB's margins after prior cuts squeezed profitability. This removes a major headwind.

    It signals a potential end to margin compression, a key positive for future earnings.

  • New fee ventures and analyst upgrade SCB launched gold trading, CORA AI, and Amex partnerships to diversify income. UBS upgraded the stock to Buy, and Fitch lifted Thailand's outlook, boosting sentiment.

    These developments show efforts to grow non-interest income and improve investor confidence.

August 2026
▲3▼1

Flood relief and rate cuts squeeze SCB, but dividend appeal supports

  • Flood relief measures and past rate cuts pressure margins Flood relief measures and past rate cuts are squeezing SCB's lending margins, with Q3 profit expected to fall 5–10% year-on-year. Floods have hit over a million households and SMEs, trimming interest income and raising future bad-debt risk.

    This is the main new negative force on SCB's earnings and share price this period.

  • Rate-cut cycle ending, stabilizing net interest margins The rate-cut cycle appears to be ending, which stabilizes SCB's net interest margin. This removes a key headwind that had been pressuring profits, offering support to the stock.

    This is a new positive development that offsets some of the margin pressure.

  • New fee-based ventures broaden non-lending income SCB launched new fee-based ventures: AI tool CORA, insurance products, and American Express card acceptance. These broaden non-lending income, helping to offset weaker interest income.

    This is a new strategic move to diversify revenue and support future earnings.

  • Dividend appeal and top-pick status underpin stock SCB's ~7% dividend yield and top-pick status from CLSA and Yuanta underpin the stock. This income appeal supports the share price even as earnings decline.

    This is a key positive factor that provides support amid weak earnings.

Latest
▲2▼2

SCB's profit squeeze deepens as floods and weak margins offset dividend appeal

  • Q3 profit seen falling on thinner lending margin Brokers expect SCB's third-quarter profit around 10.8-11.5 billion baht, down roughly 5-10% from a year ago, because interest income shrank after past rate cuts and the margin on loans narrowed. Weaker profit is the main drag on the share price.

    This is the core new earnings picture for the period and directly explains downward pressure on SCB.BK.

  • Floods hit borrowers and add bad-debt risk SCB's research arm says the floods cut Thai growth by up to 0.25 points and hit over a million households and many SMEs. Banks are letting flood-hit customers delay repayments, which trims interest income now and raises the risk some loans go bad later.

    Flood damage is a fresh, concrete force weighing on SCB's earnings and asset quality.

  • Dividend appeal keeps income investors interested SCB pays a 2 baht interim dividend and brokers see a full-year yield near 7%, among the highest in Thai banking. CLSA and Yuanta also name SCB a top pick. Steady payouts put a floor under the stock even while profit falls.

    Dividend strength is the main counterweight supporting SCB.BK against the weak earnings trend.

  • New fee and technology businesses broaden income SCB launched its own AI document analyst CORA, added travel insurance and a savings-insurance product on its app, and expanded card acceptance with American Express. These add fee income and customer ties without lending risk, a slow but real growth stream.

    These new non-lending businesses show where SCB's future income growth comes from beyond squeezed interest margins.

▲2▼2

SCB hit by flood relief costs and weak Q3 profits, but rate cycle end offers support

  • Flood relief measures squeeze margins SCB and other banks are letting flood-hit customers delay loan repayments and cutting interest rates. This means SCB earns less interest income for a while, and its profit margin shrinks. The stock fell 2.3% on the day this was announced.

    This is a new event that directly pressures SCB's earnings and was the main reason bank stocks fell.

  • Q3 profit expected to fall 7% year-on-year Two brokers forecast SCB's third-quarter profit at around 11.2 billion baht, down 7% from a year ago. The decline comes from lower interest income after past rate cuts. This weak earnings picture weighs on the stock price.

    New profit forecasts for Q3 directly affect investor expectations for SCB's near-term performance.

  • Rate-cut cycle ending supports future margins Brokers say the long fall in Thai interest rates is over, and net interest margins are starting to stabilise. This means SCB's core lending profit should stop shrinking and may slowly recover, which is a positive for the stock.

    This is a key positive force that offsets the negative profit news and explains why the outlook may improve.

  • SCB provides 68 billion baht credit line to PTT SCB is lending over 68 billion baht to PTT, a large state-owned energy company. This is a big loan that will generate steady interest income for SCB and shows its strong position in corporate lending.

    This new business deal is a concrete positive for SCB's loan book and earnings, not just market sentiment.

September 2026
▲3

SCB Outlook Brightens on Rate Peak, Gold Platform, Upgrades

  • Rate-cut cycle seen ending, boosting bank margins Brokers said the Bank of Thailand's rate-cutting cycle is over, which would let banks earn more on loans versus deposits. This improves SCB's profit outlook after earlier rate cuts squeezed margins.

    This is a key new positive driver for SCB's earnings and stock price.

  • SCB launches gold-trading platform in app SCB added a gold-trading feature to its mobile app, creating a new source of fee income. This helps diversify revenue away from traditional lending, which has been under pressure.

    New fee income stream supports profitability and is a fresh development.

  • UBS upgrades SCB to Buy, Fitch lifts Thailand outlook UBS upgraded SCB to Buy with a 165 baht target, citing lower credit costs and an 80% dividend payout. Fitch's upgrade of Thailand to Stable also lifted bank stocks, including SCB.

    Analyst and sovereign upgrades directly boost investor sentiment and demand for SCB shares.

  • SME support vs. tariff and zombie-firm risks The Bank of Thailand's SME credit portal and guarantee fund could unlock lending, with SCB holding 15% of SME loans. But US Section 301 tariffs threaten exports, and SCB EIC warns 12% of Thai firms are zombies, with SME loans contracting 16 straight quarters.

    This captures both the potential upside from policy support and the persistent downside risks to loan demand and asset quality.

▲2▼2

SCB lifted by UBS upgrade, Fitch outlook, but loan weakness persists

  • UBS Upgrades SCB to Buy, Raises Target to 165 Baht UBS upgraded SCB from Hold to Buy and raised its target price to 165 baht, citing lower credit costs, higher earnings forecasts, and a high dividend payout of 80%. This directly boosts investor confidence and the stock's appeal.

    This is a major analyst upgrade that directly drives positive sentiment and price targets for SCB.

  • Fitch Upgrades Thailand Outlook to Stable, Bank Stocks Rally Fitch revised Thailand's credit outlook to Stable, lifting bank stocks including SCB. The upgrade reduces country risk, lowers funding costs, and attracts foreign capital, supporting SCB's valuation and dividend yield appeal.

    The sovereign outlook upgrade improves the operating environment and directly benefits Thai banks like SCB.

  • SCB EIC Warns of Zombie Firms and Weak SME Lending SCB's research arm reports nearly 12% of Thai firms are zombie companies, with SME loans contracting for 16 straight quarters. This signals rising credit risk and weak loan demand, pressuring SCB's asset quality and growth.

    This highlights a key risk to SCB's loan book and profitability, acting as a counterweight to positive drivers.

  • SCB's Loans Flat, Earnings Lag Peers in July-August Bualuang reported SCB's loans slipped 0.1% MoM and July-August earnings were flat, underperforming peers. This reflects sluggish loan growth and earnings momentum, a near-term drag on the stock.

    It provides recent operating data showing SCB's relative weakness, balancing the positive analyst and macro news.

▲3▼1

Rate-cut cycle ending and new gold platform lift SCB's outlook

  • Rate-cut cycle seen ending, banks to benefit Brokers now say the long fall in Thai interest rates is over, and US rates are rising too. Higher rates let SCB earn more on loans than it pays depositors, easing the squeeze that cut its profit last quarter. Several houses name SCB among banks that gain.

    This directly reverses the main negative from earlier reports (rate cuts squeezing margins) and is the biggest force behind the stock now.

  • New gold trading platform on SCB EASY app SCB launched a gold marketplace inside its app with three major dealers, letting 17 million users trade gold cheaply. This adds fee income and deepens customer ties without lending risk, a small but real new growth stream beyond traditional banking.

    It is a concrete new business move this period that supports fee income and customer engagement, offsetting weak loan demand.

  • Central bank moves to unlock SME lending The Bank of Thailand is rolling out a credit portal, a new guarantee fund and use of utility bills to judge borrowers, aiming at 200 billion baht of new SME loans a year from late 2026. SCB holds 15% of SME loans, so it should win some of this.

    It shows a regulatory push that could revive loan growth for SCB, a key driver of future interest income.

  • US tariff threat hangs over Thai economy SCB's own research arm warns the US may impose high new Section 301 tariffs on Thailand over excess capacity, with rates due within September. Tariffs would hurt Thai exports and business confidence, which could slow loan demand and raise bad-debt risk for SCB.

    It is the main counterweight this period, a real risk that could undermine the positive rate and lending story.

July 2026
▼2▲1

SCB profit falls as rate cuts and bad loans bite

  • Q2 profit drops 13% on rate cuts SCB's second-quarter profit fell 13% from a year earlier to 11.1 billion baht, as falling Thai interest rates squeezed the gap between what it earns on loans and pays on deposits. Fee income from wealth management grew, but not enough to fully offset the drop.

    This is the core earnings result driving the stock and explains why profit is shrinking.

  • Bad loans and heavy write-offs weigh on asset quality SCB wrote off 14.5 billion baht of bad debt and sold more non-performing loans, yet problem loans still rose over three quarters. Analysts warn provisions will stay high, pressuring future profits and limiting share price upside.

    Asset quality is the key concern flagged by analysts and directly affects future earnings and valuation.

  • Strong capital and highest dividend yield among big banks Despite lower profit, SCB's capital ratio of 18.6% is above regulatory requirements, and analysts name it the top pick for dividends and value among large Thai banks. This income appeal supports the stock even as earnings decline.

    This is the main counterweight keeping investors interested despite weak profit.

  • New lending and NPL sales offset some weakness SCB extended 68 billion baht in credit to PTT Group and provided green loans to Sansiri, supporting future interest income. It also sold a 6-billion-baht bad loan portfolio to BAM, cleaning up its balance sheet. These deals help but don't fix the profit squeeze.

    These deals show SCB is still winning business and managing risk, partially offsetting the negative earnings picture.

▼2▲1

SCB profit falls as rate cuts and bad loans bite

  • Q2 profit drops 13% on rate cuts SCB's second-quarter profit fell 13% from a year earlier to 11.1 billion baht, as falling Thai interest rates squeezed the gap between what it earns on loans and pays on deposits. Fee income from wealth management grew, but not enough to fully offset the drop.

    This is the core earnings result driving the stock and explains why profit is shrinking.

  • Bad loans and heavy write-offs weigh on asset quality SCB wrote off 14.5 billion baht of bad debt and sold more non-performing loans, yet problem loans still rose over three quarters. Analysts warn provisions will stay high, pressuring future profits and limiting share price upside.

    Asset quality is the key concern flagged by analysts and directly affects future earnings and valuation.

  • Strong capital and highest dividend yield among big banks Despite lower profit, SCB's capital ratio of 18.6% is above regulatory requirements, and analysts name it the top pick for dividends and value among large Thai banks. This income appeal supports the stock even as earnings decline.

    This is the main counterweight keeping investors interested despite weak profit.

  • New lending and NPL sales offset some weakness SCB extended 68 billion baht in credit to PTT Group and provided green loans to Sansiri, supporting future interest income. It also sold a 6-billion-baht bad loan portfolio to BAM, cleaning up its balance sheet. These deals help but don't fix the profit squeeze.

    These deals show SCB is still winning business and managing risk, partially offsetting the negative earnings picture.