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Kasikornbank vs SCB X: why the prices moved differently

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

Kasikornbank Public Company Limited (KBANK.BK)

Q3 2026
▲3▼1

KBANK Q3 2026: Strong Earnings, Upgrades, but Floods and Valuation Risks

  • Q2 Earnings Beat and Analyst Upgrades Q2 profit beat forecasts by 5-6% on fee income and trading gains, leading analysts to raise target prices to 253-300 baht. This boosted investor confidence and supported the stock price.

    This was a key positive catalyst that drove the stock higher during the period.

  • Loan Growth and Digital Expansion Loan growth of 4.5-5.1%, a potential $2bn data-centre loan, and digital-asset expansion via Orbix's gold-backed token supported earnings. These initiatives signal future revenue growth.

    These developments contributed to positive earnings expectations and stock performance.

  • Fitch Outlook Upgrade and Foreign Inflows Fitch upgraded its outlook, foreign inflows returned, and election risk faded. This improved market sentiment and attracted foreign investment, lifting the stock.

    These factors enhanced the bank's creditworthiness and investor appeal.

  • Profit Pressure and Flood Impact Fitch warned of sector-wide profit pressure and weakening asset quality. UOB Kay Hian forecast a 6.2% Q3 profit decline. Late-September floods cut shares 4.13% on September 30, though brokers called it a buying opportunity.

    These risks weighed on the stock price and investor sentiment during the period.

September 2026
▲3▼1

KBANK rises on rate-cut end, strong fees, inflows; floods cap gains

  • End of rate-cut cycle and Fed hikes lift bank earnings Thailand's rate-cut cycle ended and Fed rate hikes helped bank earnings. KBANK was named a top pick by multiple brokers with target prices of 270–300 baht, reflecting improved profit outlook.

    This macro shift directly boosted KBANK's earnings prospects and stock price.

  • Strong loan growth and fee income beat expectations Loan growth and a 22.4% jump in fee income exceeded expectations. BOT SME credit mechanisms eased bad-loan worries, while strong exports (up 21.6%) and a weak baht supported borrowers.

    These operational improvements drove KBANK's financial performance and investor confidence.

  • Foreign inflows, Fitch upgrade, election risk removed Foreign inflows, Fitch's outlook upgrade, and a court ruling that removed election risk added support. Orbix's SEC-approved gold token also contributed to the positive sentiment.

    These external and regulatory factors reduced uncertainty and attracted investors to KBANK.

  • Q3 profit dip forecast and Bangkok floods hit shares UOB Kay Hian forecast Q3 profit falling 6.2% year-on-year, and late-September Bangkok floods sparked bad-loan and margin fears, cutting KBANK shares 4.13% on September 30. Brokers still saw Q3 core profit rising 5% and called the selloff a buying opportunity.

    This counterweight explains the temporary price drop and shows balanced risks.

Latest
▲3▼1

Flood fears hit KBANK, but brokers see Q3 profit growth and buying chance

  • Bangkok floods raise bad-loan and margin worries, hitting bank stocks Heavy rain flooded Bangkok in late September. Banks, including KBANK, offered relief like payment holidays and lower rates. Investors feared this would squeeze net interest margin and raise bad loans, so KBANK shares fell 4.13% on September 30. KBANK's retail loans are about 10% of its book, so the hit is moderate.

    This is the main new force pushing KBANK down this period.

  • Brokers say Q3 profit will grow and KBANK is a top pick Bualuang expects KBANK's Q3 core profit to rise 5% from a year earlier, helped by lower bad-loan provisions and growing fee income. InnovestX also picks KBANK as a top pick, saying bank profits are turning a corner and loan growth will improve into 2027. This supports the stock price.

    It gives the positive earnings counterweight to the flood-driven selloff.

  • Court ruling removes election-annulment risk, lifting bank sentiment Thailand's Constitutional Court ruled that barcode ballots are valid, so the February 2026 election stands. This removes fears of a political vacuum that could stall government policy. Banks like KBANK, which depend on policy continuity and foreign investor confidence, benefit from the reduced political risk.

    It is a new political-risk reducer that supports KBANK's price.

  • Brokers call the flood selloff a buying chance for KBANK Krungsri says the market has already priced in a 2.7% drop from flood de-risking and that the banking group, including KBANK, is now attractive for re-accumulation. It keeps KBANK as a Top Pick with a 300 baht target. This view can support the share price after the fall.

    It shows a key counterweight to the negative flood impact and a reason for the stock to recover.

▲3▼1

KBANK gains on higher rates, strong loans, but Q3 profit dip looms

  • Fed rate hikes and rising bond yields lift bank earnings outlook The Fed raised rates to 3.75–4.00% and signaled more hikes, pushing US 10-year yields to a 19-year high. Higher rates let KBANK earn more on loans than it pays for funds, boosting profit. Brokers name KBANK a top pick, with targets up to 270 baht.

    This is the main new macro force driving KBANK's price up this period.

  • Strong loan growth and fee income beat expectations KBANK's loans grew 0.2% in August, led by business loans, and first-half fee income jumped 22.4% on a 22.4% mutual fund market share. Analysts say full-year loans may exceed targets by 1–2%, supporting earnings and the stock price.

    New company-specific data shows KBANK's core business outperforming, a direct positive for the stock.

  • Foreign inflows and Fitch outlook upgrade boost bank stocks Foreign investors bought a net 6.7 billion baht of Thai stocks over three days, and Fitch revised Thailand's credit outlook to Stable. This improved sentiment lifted KBANK and peers, with DAOL naming KBANK a top pick with a 270 baht target.

    New foreign fund flows and a sovereign rating outlook change directly support KBANK's price.

  • Q3 profit expected to fall 6% year-on-year UOB Kay Hian forecasts KBANK's Q3 2026 profit at 12.2 billion baht, down 6.2% from a year earlier, as sector profit drops 10%. This is a real counterweight: despite positive rate and loan trends, near-term earnings are expected to shrink, which could cap gains.

    It provides the main negative counterbalance to the otherwise positive drivers.

▲4

Rate-cut cycle ends and Fed hikes lift KBANK, plus SME credit and export tailwinds

  • End of rate-cut cycle and Fed hikes favor bank earnings Brokers say the Thai rate-cut cycle is over and the Fed has started hiking, pushing bond yields up. Higher rates let banks earn more on loans than they pay for funds, lifting profit. KBANK is named a top pick by Pie, TTB Wealth, KSS and others.

    This is the main new force behind KBANK's price this period, repeated across several fresh broker notes.

  • BOT's three SME credit mechanisms ease bad-loan worries The Bank of Thailand is rolling out a Credit Portal, a new credit guarantee fund and use of alternative data from December 2026. These aim to boost SME lending and reduce bad loans. Dao Securities picks KBANK as the bank likely to gain the most, with a 270 baht target.

    A new regulatory catalyst that directly improves KBANK's lending outlook and sentiment.

  • Strong exports and weak baht support borrowers and bank demand Thai exports grew 21.6% in July, beating forecasts, and the baht has weakened to 33.38 per dollar. Better exports mean businesses borrow and repay more easily, which helps banks. Brokers list KBANK among top picks tied to this export strength.

    A fresh macro tailwind that supports loan demand and credit quality for KBANK.

  • KBANK's Orbix unit launches SEC-approved gold token MTS Gold Investment Token opened for subscription via the kubix app, run by KBANK's Orbix group and approved by the SEC. It offers 3% base return plus gold-price upside. This shows KBANK's digital finance arm is winning new business, a small but real positive.

    A new company-specific development showing KBANK's digital arm is active and growing.

August 2026
▲4

KBANK target raised on strong Q2, dividend potential; loan pipeline builds

  • UOB Kay Hian raises KBANK target to 285 baht on strong Q2 and dividend upside UOB Kay Hian lifted its KBANK target price to 285 baht from 260 baht and kept a buy rating, after raising profit forecasts for 2026-2028 by about 3%. Management confirmed a dividend payout of at least 50%, with room for more or a special dividend, and said 2026 loan growth may exceed target. This directly supports the stock price.

    This is the most direct, KBANK-specific new catalyst in the period, with a clear upward push on the price.

  • True IDC's $2 billion data-centre loan talks boost KBANK lending pipeline True IDC is negotiating a roughly $2 billion (67 billion baht) loan to build a new data centre near Bangkok. Krungsri Securities names KBANK among the first banks to benefit. A loan this size adds to KBANK's corporate lending book and future interest income, supporting earnings and the stock price.

    It is a concrete new large loan opportunity that adds to KBANK's growth pipeline, a key driver of future profit.

  • Land Bridge shelved, but smaller projects keep investment and loan demand alive The Land Bridge mega-project was put on hold due to budget concerns, but analysts say investment will shift to smaller, faster projects like the Thai-Chinese railway and private deep-sea ports. KBANK is named as a beneficiary of this continued investment momentum, which supports loan demand and GDP, helping the stock.

    It shows a new infrastructure-investment path that still benefits KBANK, replacing a stalled project with a positive loan-demand story.

  • KBANK's digital-asset arm Orbix powers Thailand's first gold-backed token Mae Thong Suk launched Thailand's first gold-backed digital token with a fixed 3% return, offered through KBANK's Orbix Group apps. This expands KBANK's digital asset business and fee income, showing innovation beyond traditional banking. It is a small but positive new revenue stream that supports the stock's growth story.

    It is a new, KBANK-specific business development that adds a potential fee-income stream and supports the growth narrative.

▲4

KBANK target raised on strong Q2, dividend potential; loan pipeline builds

  • UOB Kay Hian raises KBANK target to 285 baht on strong Q2 and dividend upside UOB Kay Hian lifted its KBANK target price to 285 baht from 260 baht and kept a buy rating, after raising profit forecasts for 2026-2028 by about 3%. Management confirmed a dividend payout of at least 50%, with room for more or a special dividend, and said 2026 loan growth may exceed target. This directly supports the stock price.

    This is the most direct, KBANK-specific new catalyst in the period, with a clear upward push on the price.

  • True IDC's $2 billion data-centre loan talks boost KBANK lending pipeline True IDC is negotiating a roughly $2 billion (67 billion baht) loan to build a new data centre near Bangkok. Krungsri Securities names KBANK among the first banks to benefit. A loan this size adds to KBANK's corporate lending book and future interest income, supporting earnings and the stock price.

    It is a concrete new large loan opportunity that adds to KBANK's growth pipeline, a key driver of future profit.

  • Land Bridge shelved, but smaller projects keep investment and loan demand alive The Land Bridge mega-project was put on hold due to budget concerns, but analysts say investment will shift to smaller, faster projects like the Thai-Chinese railway and private deep-sea ports. KBANK is named as a beneficiary of this continued investment momentum, which supports loan demand and GDP, helping the stock.

    It shows a new infrastructure-investment path that still benefits KBANK, replacing a stalled project with a positive loan-demand story.

  • KBANK's digital-asset arm Orbix powers Thailand's first gold-backed token Mae Thong Suk launched Thailand's first gold-backed digital token with a fixed 3% return, offered through KBANK's Orbix Group apps. This expands KBANK's digital asset business and fee income, showing innovation beyond traditional banking. It is a small but positive new revenue stream that supports the stock's growth story.

    It is a new, KBANK-specific business development that adds a potential fee-income stream and supports the growth narrative.

July 2026
▲2▼1

KBANK Q2 profit beats, analysts raise targets; sector sell-off on valuation

  • Q2 profit beats expectations, analysts raise targets KBANK's Q2 2026 net profit of 13.2 billion baht beat forecasts by 5-6%, driven by fee income and trading gains. Analysts at Asia Plus, CGSI, and Krungsri raised target prices to 253-300 baht, citing strong loan growth, high dividend yield, and low book value. This positive earnings surprise and analyst upgrades push the stock up.

    This is the core new event that directly drives KBANK's price higher.

  • Sector sell-off on stretched valuations after earnings Despite good Q2 results, bank stocks fell as investors took profits, with KBANK dropping 2.1% on July 21. Valuations had become stretched after a strong rally, with many banks trading at or above one times book value. This short-term selling pressure weighs on KBANK's price.

    It explains the immediate negative price reaction despite positive earnings.

  • Strong loan growth and investment cycle support KBANK's loans grew 4.5-5.1% from the previous quarter, led by large corporate loans. BOI applications surged 37% in H1 2026, signaling increased investment activity that should boost loan demand for banks like KBANK. This supports future earnings and the stock price.

    It highlights a fundamental growth driver that underpins the positive outlook.

  • Fitch warns of profit pressure in 2026 Fitch Ratings expects Thai banks' profits to shrink in 2026 due to economic slowdown and narrowing net interest margins, with asset quality weakening in SME and retail segments. While KBANK's Q2 beat expectations, this sector-wide headwind could cap gains and adds uncertainty.

    It provides a counterweight to the positive earnings surprise, showing risks ahead.

▲2▼1

KBANK Q2 profit beats, analysts raise targets; sector sell-off on valuation

  • Q2 profit beats expectations, analysts raise targets KBANK's Q2 2026 net profit of 13.2 billion baht beat forecasts by 5-6%, driven by fee income and trading gains. Analysts at Asia Plus, CGSI, and Krungsri raised target prices to 253-300 baht, citing strong loan growth, high dividend yield, and low book value. This positive earnings surprise and analyst upgrades push the stock up.

    This is the core new event that directly drives KBANK's price higher.

  • Sector sell-off on stretched valuations after earnings Despite good Q2 results, bank stocks fell as investors took profits, with KBANK dropping 2.1% on July 21. Valuations had become stretched after a strong rally, with many banks trading at or above one times book value. This short-term selling pressure weighs on KBANK's price.

    It explains the immediate negative price reaction despite positive earnings.

  • Strong loan growth and investment cycle support KBANK's loans grew 4.5-5.1% from the previous quarter, led by large corporate loans. BOI applications surged 37% in H1 2026, signaling increased investment activity that should boost loan demand for banks like KBANK. This supports future earnings and the stock price.

    It highlights a fundamental growth driver that underpins the positive outlook.

  • Fitch warns of profit pressure in 2026 Fitch Ratings expects Thai banks' profits to shrink in 2026 due to economic slowdown and narrowing net interest margins, with asset quality weakening in SME and retail segments. While KBANK's Q2 beat expectations, this sector-wide headwind could cap gains and adds uncertainty.

    It provides a counterweight to the positive earnings surprise, showing risks ahead.

SCB X Public Company Limited (SCB.BK)

Q3 2026
▲2▼1

SCB X hit by falling profit, bad loans; capital and dividends support

  • Profit decline and rising bad loans Q2 profit fell 13% on rate cuts, with high write-offs and rising bad loans forcing larger provisions. Flood relief measures squeezed margins, and Q3 profit was expected down 7% year-on-year.

    This is the main negative force on SCB X's price during the quarter.

  • Strong capital and dividend appeal SCB X maintained an 18.6% capital ratio and a top-tier dividend yield, which supports investor confidence and provides a cushion against earnings pressure.

    This positive factor helped offset the negative earnings news.

  • New lending and NPL sale New PTT and green lending, a 6-billion-baht NPL sale, and a gold-trading platform were positive developments that could improve asset quality and diversify revenue.

    These initiatives show management actions to support future growth and clean up the balance sheet.

  • Broker upgrades vs. lingering risks Brokers saw the rate-cut cycle ending, stabilizing margins, while UBS upgraded SCB to Buy and Fitch lifted Thailand's outlook. But US tariffs, SME loan contraction, and 12% 'zombie' firms remain risks.

    This captures the mixed sentiment from analysts and external risks that influenced the stock.

August 2026
▲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.

Latest
▲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.

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