CGSI expects 8 banks to post combined Q3 2026 profit of 57.4 billion baht, with BBL hit hardest at a 24.5% drop

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The research arm of CGS International Securities (Thailand), or CGSI, estimates that the eight banks it covers will report combined net profit of 57.4 billion baht in the third quarter of 2026, down 9.2% from the same period a year earlier but up 1.8% from the previous quarter. It expects pre-provision profit to fall 6.8% year on year and rise 1.7% quarter on quarter. Total loans in the third quarter of 2026 are likely to show slower expansion after large corporate customers of BBL and KKP repaid substantial loans in August, pulling the combined loans of the banks under coverage down 0.1% from the previous month, though they remain up 3.0% from a year earlier and up 2.4% from the end of 2025. The banks with positive loan growth are led by CREDIT, KTB and TISCO. On individual results, KKP is expected to post the strongest net profit growth in the group at 32.2% year on year and 4.0% quarter on quarter, followed by TTB with growth of 4.6% year on year and 0.7% quarter on quarter. BBL is expected to be the weakest, with net profit down 24.5% year on year, followed by KTB with a 16% decline year on year. CGSI maintains a Neutral investment weighting on the banking sector and picks KBANK as its top pick, citing its high fee income share from wealth business, at 18% of non-interest income in 2025, and a high dividend yield of 6.2% in 2026 versus the sector average of 5.6%.

Impact on assets 7

Financials± Mixed · 6 stocks
Thai Credit Pcl
CREDIT
▲ PositiveCapitalrelevance

CREDIT is named among the banks with positive loan growth in Q3 2026.

Digital Finance & Tokenization▼ · 1 stocks
Bangkok Bank PCL
BBL
▼ NegativeCapitalrelevance

CGSI expects BBL to be the weakest of the eight banks with net profit down 24.5% year on year, and large corporate loan repayments slowed loan growth.

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