TMBThanachart Bank Public Company Limited

The Stock Exchange of Thailand revealed that the Thai stock market has shown a remarkable recovery this year, with the SET Index reaching 1,600 points amid an improved investment climate due to political stability. 77 listed companies met with institutional investors. Meanwhile, Phatra Group (PHAT) expects fresh palm output to exceed 20 million tonnes in the second half of 2026 and plans to increase crude palm oil production capacity by 50% to 90 tonnes per hour, targeting revenue of 3.0-3.5 billion baht this year, a growth of 35-40%. TMBThanachart Bank (TTB) approved an interim dividend of 7.1 billion baht, or 0.081 baht per share, up 23%, and is proceeding with a share buyback program worth 35 billion baht, having already bought back 21 billion baht, representing 10.29% of total shares. Meanwhile, the CEO of PLANB bought a big lot of 54.30 million shares worth 363.81 million baht, increasing his stake to 24.99% and becoming the largest shareholder. KTC acquired 100% of Win Performance (WIN) for 295 million baht to strengthen its debt collection business.

KGI Securities views that commercial banks will gradually pay interim dividends for the first half of 2026, expecting KKP and TTB to offer attractive yields. Meanwhile, SCB, KKP, KTB, and TISCO have full-year dividend yields exceeding 6%. TTB has announced an interim dividend of 0.081 baht per share, with the XD date on September 7, 2026, and payment on September 25, 2026. KGI expects KKP to pay a total dividend of 7.65 baht per share for 2026, representing a yield of 6.7%; KTB to pay 2.73 baht per share, yielding 6.2%; SCB to pay 11 baht per share, yielding 7.2%; and TISCO to pay 7.75 baht per share, yielding 6.2%. Meanwhile, KBANK is expected to pay 14.50 baht per share, yielding 5.7%; BBL to pay 10 baht per share, yielding 5.3%; and TTB to pay 0.14 baht per share, yielding 4.9%. KGI continues to favor KBANK and KTB over other banks, citing that loan recovery and net interest margin (NIM) have bottomed out and will support performance. KKP is also favored due to strong profit growth of 65% year-on-year in the first half of 2026 and the potential for credit costs to fall below 1%.

At least eight Thai listed companies announced interim dividend payments following board meetings on August 25, 2026, with most setting the XD date between September 7-9. Leading the way, BCP pays 3.00 baht per share, followed by TISCO at 2.00 baht, RATCH at 0.70 baht, TIPH at 0.50 baht, OR at 0.30 baht, HMPRO at 0.16 baht, TTB at 0.081 baht (up 23% from last year), and CIMBT at 0.0385 baht. RATCH's total payout is approximately 1,522.50 million baht, while OR's total is 3,600 million baht.

Dao Securities stated that TTB has approved a dividend payment for the first half of 2026 at 0.081 baht per share, with the ex-dividend date set for September 7, 2026. This is higher than the brokerage's forecast of 0.070 baht per share and above the consensus estimate of 0.069 baht per share. The dividend yield is 2.8%, which is expected to be the highest among banks for the 1H26 period, and the payout ratio is as high as 68%, compared to 66% in 1H25. Dao Securities expects that the full-year 2026 dividend could be higher than its forecast of 0.154 baht per share, or a dividend yield of approximately 5.3%, as TTB tends to pay a second-half dividend similar to the first half. This would be a positive factor for the stock price. The firm maintains a "Hold" recommendation with a target price of 3.20 baht, based on a 2026 PBV of 1.20 times.

TMBThanachart Bank, or TTB, completed its fourth share buyback phase in June 2026, bringing cumulative buyback value to 21 billion baht, equivalent to 10.038 billion shares, or 10.29% of total issued shares. This was achieved one year ahead of the original plan, under a total budget of 35 billion baht covering a four-year period from 2025 to 2028. TTB is the first domestic systemically important bank, or D-SIB, to carry out a share buyback program of this size. At the same time, the bank raised its dividend payout ratio to 65%, up from 60% in the previous year and 30 to 35% before the merger. As a result, the interim dividend increased 23% to 0.081 baht per share, from 0.066 baht per share in the same period last year, representing a dividend yield of approximately 5 to 6%, higher than the 2 to 3% level in the past.

Three listed companies have announced interim dividend payments from their first-half operating results. TISCO will pay 2 baht per share, with the ex-dividend date on September 7, 2026, and payment on September 21, 2026. RATCH will pay 0.70 baht per share, totaling 1.52 billion baht, with the ex-dividend date on September 8, 2026, and payment on September 24, 2026. TTB will pay 0.081 baht per share, with the ex-dividend date on September 7, 2026, and payment on September 25, 2026.

TMBThanachart Bank, or TTB, reported second-quarter 2069 net profit of 5.5 billion baht, up 7% from the previous quarter and 10% from a year earlier, beating analyst forecasts by 7%. First-half net profit was 10.7 billion baht, up 6% from a year earlier amid an uncertain economy. Operating income grew 3% from a year earlier, and the bank maintained its net interest margin, or NIM, at 3.02% through asset and liability structure management, growth in high-yield lending, and lower deposit costs. Non-interest income grew on mutual fund fees, insurance, credit cards, and investment gains. TTB also completed its share buyback program of 21 billion baht, one year ahead of schedule. Total loan portfolio returned to growth of 0.5% from the previous quarter, although still down 1.8% from the start of the year, supported by high-yield retail loans such as home equity loans, which rose 3.9% from the previous quarter, title loan products, which rose 16.9%, and Cash2Go loans, which rose 10.5%, as well as corporate loans, which grew 2.6% from the previous quarter on the back of a risk-based pricing model. However, growth was offset by contraction in hire-purchase and SME loans, which fell 1.5% from the previous quarter as the bank reduced portfolio risk. Asset quality remained strong, with the NPL ratio stable at 2.93%, the coverage ratio rising to 157% from 154% in the previous quarter, and credit cost at 137 basis points, reflecting prudent provisioning. Although operating expenses rose due to special items such as revaluation of dealer relationships, impairment of online systems, and IT amortization, the cost-to-income ratio was 46%, still in line with the company's target. Analysts raised their 2069 and 2070 net profit estimates by 6.8% and 5.7% to 21.8 billion baht, up 6% from a year earlier, and 19.4 billion baht, down 11% from a year earlier. For the rest of the year, the bank will focus on restructuring its loan portfolio toward high-yield retail lending while reducing portfolio risk, tightening new loan underwriting, and proactively managing non-performing loans to preserve asset quality, while continuing to control costs to maintain NIM and push the cost-to-income ratio to the low 40s in line with the bank's target. The recommendation remains hold for dividends, but the target price was raised to 3.08 baht, based on 1.22 times price-to-book value. The market is focused on the remaining buyback authorization of about 14 billion baht, which expires in 2071, and expects a potential special dividend of up to about 0.14 baht per share, or a dividend yield of about 4.8%. However, management has not confirmed whether it will return capital through buybacks, dividends, or other means, noting that the current share price trades above book value, making buybacks potentially less appropriate at this time. What is more likely to happen first is an interim dividend announcement, expected at 0.07 baht per share, or a dividend yield of 2.4%. In terms of sentiment, the earlier share price decline related to ING Bank's share sale did not affect fundamentals, so the pullback is seen as making the stock more attractive for medium- to long-term investment to capture high dividends, while also giving the bank room to continue buybacks. On the technical side, the short-term chart opened a gap down to a low of 2.74 baht, closed with a spinning doji, and saw buying return with a doji candle. The positive signal is that it did not make a new low. The five-day SMA, acting as a downtrend resistance line at 2.90 baht, if broken and held firmly, would be a buy signal with a morning star reversal pattern. Resistance test points are 2.96 and 3.00 baht. For existing shareholders, the recommendation is to hold or add, with a chance to test resistance at 2.90, 2.96, and 3.00 baht. For those without shares, the recommendation is to buy short-term, focusing on holding support at 2.80 and 2.74 baht, which should not be broken.

TISCO Securities has raised its fair value for TMBThanachart Bank, or TTB, to 3.30 baht and maintained a buy rating, after lifting its 2026 to 2028 profit forecasts by 7 to 11 percent on strong second-quarter 2026 results. It also expects the dividend payout ratio to rise to 85 percent this year after the share buyback program ends. TISCO projects TTB will pay a dividend per share of 0.20 baht for three consecutive years, implying a dividend yield of about 7 percent, the highest among banks under TISCO coverage. TTB shares rebounded 2.86 percent to 2.88 baht after ING sold a big-lot stake at 2.64 baht, a 9 percent discount.

ING Bank sold 6.99 billion TTB shares worth 18.4 billion baht through 77 block trades at an average price of 2.64 baht to institutional investors, reducing ING's stake from 19.5% to 11.6% of shares excluding treasury stock. TTB confirmed that the reduction in ING's shareholding does not affect the bank's management structure, operations, or core strategy, since ING is only a board member, and the sale increases free float, which is positive for TTB share trading liquidity in the long term. Chief Executive Officer Piti Tantakasem said TTB remains committed to maintaining an appropriate and sustainable dividend payout ratio while proceeding with a share buyback program under a total budget of 35 billion baht over four years. To date, the bank has bought back 21 billion baht worth of shares, leaving 14 billion baht remaining. President Thakorn Piyapan disclosed that fee income in the first seven months grew 12 to 13 percent, with mutual fund income up nearly 20 percent and card spending up 10 percent, compared with market growth of only 1 percent. This gives confidence that return on equity in 2026 will meet the plan of no less than 9 percent, a level already achieved in the first half. The bank aims to increase the share of revenue from wealth customers from the current 14 percent to 30 percent by 2028, launching the ttb superior service for mass affluent customers with combined financial products of at least 1 million baht. It targets growing this customer base to 160,000 to 180,000 accounts and assets under management in this segment to 360 billion baht by 2028, lifting retail customer assets under management to 1.3 trillion baht from the current 1.1 trillion baht.

TMBThanachart Bank, or TTB, has affirmed that ING Bank N.V.'s placement of shares worth approximately 475 million euros, or around 18 billion baht, will not affect its business operations. ING's shareholding is expected to decline from 19.5% to 11.6% after settlement and delivery of the securities on 21 August 2026. Chief Executive Officer Thakorn Piyapan said that in the first seven months of this year, fee income grew 12 to 13 percent, driven by bancassurance and assets under management, which expanded nearly 20 percent. Credit card spending rose 15 percent, bucking an industry that contracted or grew only 1 to 2 percent. The bank is preparing for tax benefits that will expire in mid-2027 by accelerating fee income from wealth and quality lending, reducing costs, and managing risk through risk-based pricing. It has also launched ttb superior to expand its wealth customer base to the mass affluent segment with accumulated wealth of 1 million baht or more. The bank aims to help 500,000 customers reach their first million baht and increase assets under management in this segment to 370 billion baht by 2027, from a current target base of about 600,000 customers, of whom only just over 100,000 have surpassed 1 million baht. The bank expects fee income from the wealth segment to accelerate by 15 to 20 percent within two years and to lift the segment's fee income contribution to 30 percent in the future, helping improve return on equity.

TMBThanachart Bank, or TTB, is confident that return on equity, or ROE, in 2026 will not fall below 9%, even though tax benefits will gradually expire by 2028. The bank has set three main pillars to drive its business: growth in fee income from Wealth customers and investment products, using digital investment results to reduce costs, and risk management through selective lending under the Golden Portfolio, along with a risk-based pricing strategy. Chief Executive Officer Thakorn Piyapan revealed that TTB has about 600,000 middle-income target customers, but only around 100,000 have accessed investment services, leaving an opportunity to expand the customer base by about 500,000 more. The bank targets Wealth fee income growth of 15 to 20 percent within two years and aims to raise the share of fee income from the Wealth segment from about 14 percent currently to 30 percent. Over the past seven months, the bank's fee income grew about 12 to 13 percent, supported by insurance business fees and asset creation under management through mutual funds. Income from the investment business grew nearly 20 percent, driven by cooperation among Eastspring, the Investment Office, and branch teams. Mr. Thakorn said TTB is beginning to see signs of recovery in housing, auto, and credit card lending, with new loan volumes in several products now exceeding repayments. Meanwhile, spending through TTB credit cards grew as much as 15 percent, well above overall market growth of about 1 to 2 percent.

TMBThanachart Bank, or TTB, said the reduction in ING Bank N.V.'s shareholding will not affect its business operations or management, after ING reported a private placement of TTB ordinary shares to institutional investors worth about 475 million euros on 18 August 2026. ING's stake is expected to fall from 19.5% to 11.6% of shares excluding treasury stock after settlement and delivery on 21 August 2026. TTB said the transaction is directly part of the shareholder's investment portfolio management, which the bank could not know in advance or be involved in the decision, and views the off-market private placement as helping reduce selling pressure in the secondary market while increasing the free float, which is positive for long-term liquidity. Chief Executive Officer Piti Tantakasem said the bank remains committed to delivering sustainable returns to shareholders through maintaining an appropriate dividend payout ratio and a share buyback programme under a total budget of 35 billion baht over four years from 2025 to 2028, with cumulative buybacks so far of 21 billion baht and 14 billion baht remaining.

TMBThanachart Bank, or TTB, has launched ttb business one, a digital platform that brings business management together in one place, to elevate its role from financial institution to Growth Navigator. It helps entrepreneurs, especially SMEs, unlock limitations in payments and scattered data by connecting with partners such as LINE MAN Wongnai for restaurant businesses. The platform supports multi-currency accounts in 11 major currencies, including Yuan Full Pay for Chinese trading partners, and enables international transfers in 24 currencies covering more than 240 countries. TTB said that in the next phase it will use AI to help analyse and extend into a Digital CFO role to provide business advice to customers.

TMBThanachart Bank, or TTB, has launched Asia Miles as a new redemption option for reward points on ttb reserve and ttb absolute credit cards, aiming to solve the problem of holding multiple cards and scattered points. Customers can convert points into miles across leading global airlines in the Star Alliance and oneworld networks, such as Thai Airways, Singapore Airlines, ANA, EVA Air, Lufthansa, Cathay Pacific, Japan Airlines, Qatar Airways and British Airways. For the ttb reserve card, Asia Miles can be redeemed at 17.5 baht per mile, and Royal Orchid Plus at 15 baht per mile, along with two free LoungeKey visits per year and travel insurance of up to 16 million baht. The new ttb absolute card offers an FX fee of just 1%, down from 2.5%, and a 0% instalment plan for three months, plus a bonus points promotion of 12,500 points for new customers who make ttb absolute their first card and spend at least 15,000 baht within 30 days, from 4 July 2026 to 31 October 2026.

TMBThanachart Bank, or TTB, has launched ttb business one, a digital platform that brings business management together in one place, to elevate its role from financial institution to Growth Navigator, helping Thai entrepreneurs unlock business constraints, especially SMEs that must manage multiple dimensions amid cost pressures and economic volatility. The platform connects data end-to-end across all transaction types, enabling customers to see the full business picture and make decisions more efficiently. TTB also connects with ecosystem partners such as LINE MAN Wongnai to specifically serve restaurant and beverage businesses. For importers and exporters, TTB offers a ttb multi-currency account supporting transactions in up to 11 major currencies within a single account, and international money transfer services covering 24 currencies across more than 240 countries, as well as trade finance in baht, dollars, and local currencies, such as the Yuan Full Pay service for Chinese counterparties. In the next phase, ttb business one will evolve into a Digital CFO role that helps summarise, analyse, and provide business advice, using AI to improve analytical accuracy and create new opportunities for businesses.

Thanachart Capital, or TCAP, reported second-quarter 2026 net profit of 2.64 billion baht, up 28 percent from a year earlier and 24 percent from the previous quarter, beating market expectations by about 25 percent. The result was driven by higher dividend income of 797 million baht, a sharp drop in provisioning expenses at subsidiary THANI, and strong performances at TTB and the insurance business. Dao Securities Thailand raised its 2026 and 2027 net profit forecasts by 8 percent and 7 percent respectively, lifting its target price to 97 baht from 82 baht and maintaining a buy rating. It expects a 2026 dividend of 3.60 baht per share, implying a yield of about 4 percent. Kasikorn Securities noted that first-half 2026 normalised profit accounted for 55 percent of its full-year estimate of 8.7 billion baht and sees upside risk to forecasts. It kept its buy call and 104 baht target price, believing TCAP has potential to raise its dividend payout ratio and may declare a special dividend from a 7.5 billion baht share buyback programme.

Thanachart Capital Public Company Limited, or TCAP, reported second-quarter 2026 net profit of 2.64 billion baht, up 28% from a year earlier and 24% from the previous quarter, beating market expectations by 25%. The strong result was driven by high dividend income of 797 million baht and a sharp 79% year-on-year drop in provisioning expenses, reflecting improved asset quality at Ratchathani Leasing Public Company Limited, or THANI. In addition, TMBThanachart Bank Public Company Limited, or TTB, and Thanachart Insurance Public Company Limited both delivered better-than-expected earnings. Thanachart Insurance saw profit rise 57% on investment gains, while T-Life Assurance Company Limited posted a 137% profit jump thanks to higher dividend income. Analysts at Dao Securities Thailand Public Company Limited raised their 2026 and 2027 net profit forecasts by 8% and 7% respectively, putting 2026 net profit at 8.88 billion baht, up 15% from the prior year. They maintained a buy rating and lifted the target price to 97 baht from 82 baht, based on 1.2 times 2026 book value, and forecast a 2026 dividend of 3.60 baht per share, implying a yield of about 4%, with potential for a higher payout if no share buyback occurs.

Kasikorn Research Center estimates that Thai commercial bank loans in 2026 will expand by only 0.5 percent compared to the previous year, supported by large corporate loans expected to grow 5 percent, while SME loans will contract 4.5 percent and retail loans will contract 1.4 to 1.5 percent. Within retail loans, auto hire-purchase loans are expected to shrink 7.2 percent and credit cards 4 percent, while housing loans will be flat or contract slightly at 0.5 percent and personal loans will expand 0.2 percent. Car title loans continue to grow well. Meanwhile, TMBThanachart Bank, or TTB, has launched a car title loan product called TTB Drive without title transfer, which uses risk-based pricing based on credit scores from the National Credit Bureau, with interest starting at 11.11 percent per year. It targets 5 billion baht in lending from August to December this year and plans to issue a TTB Flash Card cash card using risk-based pricing later this year.

TMBThanachart Bank, or TTB, has unveiled the new ttb absolute credit card under the North Star of Traveler concept, designed to meet the needs of modern travelers seeking value and flexibility. Executive Vice President Orapim Khaosa-ard said the card comes with key benefits including a foreign exchange rate fee, or FX rate, of just 1%, down from the usual 2.5%, enhancing value on overseas spending. Cardholders earn double points on online spending and can redeem points for ROP Miles and Asia Miles at a rate of 3.5 points per 1 Asia Mile via the ttb touch app. Additionally, ttb privilege customers with Superior status or above, or those with total product holdings with the bank of 1 million baht or more, will receive double points on travel and dining categories, along with two free airport lounge visits per calendar year. The card also offers a 0% installment plan for three months and waives both the first-year and annual fees. To celebrate the launch, TTB is offering a bonus of 12,500 points for customers applying for their first ttb credit card.

The Thai Bankers Association has warned that those who intentionally default on debts may lose access to credit in the future, noting that the financial system can distinguish between those who are able to repay and those who deliberately avoid payment. Meanwhile, TMBThanachart Bank, or TTB, revealed that it uses credit scores from the National Credit Bureau, or NCB, as the main tool for screening borrowers, considering them alongside remaining income after debt deductions and the debt-to-income ratio to set risk-based interest rates. This results in customers with good histories receiving lower interest rates and helps reduce first-installment defaults or intentional defaults to a low proportion. The bank expects that within the next four years, retail loan quality will improve, with non-performing loans potentially falling from under 3% to around 1%.

Thanachart Capital Public Company Limited, or TCAP, has announced a share repurchase program for up to 104.86 million shares, representing 10% of total issued shares, with a budget not exceeding 7.5 billion baht. The buyback will run from 17 August 2026 to 16 February 2027, using the automatic matching method through the Stock Exchange of Thailand's trading system. The move is modeled on the success of TMBThanachart Bank Public Company Limited, or TTB, in which TCAP holds a 24.37% stake. TTB's share buyback program significantly boosted its return on equity, earnings per share, and dividend payout ratio. In the first half of 2026, TTB posted a return on equity of 9.0% and earnings per share of 0.12 baht, compared with 0.10 baht in the same period a year earlier. As for TCAP's financial position as of 31 March 2026, it had unappropriated retained earnings of 71.724 billion baht, liquid assets of 9.079 billion baht, and liabilities due within six months of 2.33 billion baht. Analysts at Dao Securities assess that the buyback will support the share price and limit downside, raising their target price to 82 baht from 68 baht, and expect TCAP to pay a 2026 dividend of 3.60 baht per share, implying a dividend yield of about 5%. Meanwhile, Krungsri Securities has the highest target price at 85 baht. Following the announcement, TCAP's share price surged, hitting an intraday high of 79.00 baht before closing at 78.25 baht, up 7 baht or 9.82%, on turnover exceeding 1.844 billion baht.

Pi Securities assesses that eight commercial banks will pay high interim dividends, with the full-year average dividend yield for the banking group expected at 5.7%, excluding special dividends. Thanadech Rungsrithananon, Director of Research at Pi Securities, notes that SCB, KKP, and TISCO will have dividend yields of no less than 6%. SCB is expected to pay 10.42 baht per share for the full year, representing 6.8%. KKP is expected to pay 7.50 baht per share, representing 6.3%. TISCO is expected to pay 7.75 baht per share, representing 6%. For BBL, despite a decline in profit, it is still expected to pay the same 10 baht per share for the full year, representing 5.3%. KBANK is expected to pay 12 baht per share for the full year, representing 5.1%. Meanwhile, KTB is expected to pay 2.09 baht per share, representing 5%. TTB is expected to pay 0.13 baht per share, representing 4.6%. CREDIT is expected to pay 1.05 baht per share, representing 4.5%. BAY is expected to pay 1.40 baht per share, representing 3.5%. Regarding the profit trend for the second half of the year, Thanadech views that if capital market income is excluded, profits will not be spectacular, as net interest margins are starting to stabilize and loans may rise slightly in line with private sector investment.

Shares of TMBThanachart Bank, or TTB, have risen as much as 52% from 2.02 baht at the start of 2026 to 3.08 baht currently, after completing a share buyback programme worth a total of 21 billion baht one year ahead of schedule. The bank repurchased 10.038 billion shares, representing 10.29% of issued and paid-up capital, at an average cost of 2.09 baht per share. The board has also approved an increase in the buyback budget to 35 billion baht and extended the programme end date to 2028, reflecting the financial strength of the country's fifth-largest bank, which has total assets of 1.7 trillion baht, a capital adequacy ratio of 19%, non-performing loans at 2.9%, and a loan loss coverage ratio of 157%.

TTB shares rose 3.31% to 3.12 baht after Krungsri Securities upgraded its recommendation from hold to buy, with a new target price of 3.40 baht, up from 2.20 baht. The broker expects the bank to release excess reserves back into earnings and sees a chance of raising the dividend payout ratio to 75% from 60%, which would lift the dividend yield to as high as 6% per year. The research team also raised its net profit forecasts for 2026 to 2028 by an average of 12% to 33% per year, to 21.3 billion baht, 21.5 billion baht, and 21.7 billion baht respectively, driven by recovering fee income and lower-than-expected credit loss expenses.

The TTB Economic Analysis Center notes that Thailand's economic growth in 2026 is projected at just 1.7 percent, down from 2.4 percent the previous year. It has therefore introduced the Growth Navigator concept and the finbiz by ttb program, recommending five strategies for SME entrepreneurs to cope with slowing purchasing power, high costs, and intense competition. These strategies include seeking new demand without clinging to past sales, using data to guide investment decisions, applying AI in areas that yield tangible business results, managing risks prudently before cash flow stumbles, and relying on partners to fill missing capabilities, with an emphasis on growth through a mutually supportive business ecosystem.

TMBThanachart Bank, or TTB, disclosed that it has cash reserves of over 14 billion baht and may consider paying additional cash dividends. The bank is also eyeing leapfrog growth through mergers and acquisitions or balance sheet expansion. On the lending strategy front, it will focus on expanding the high-yield segment to maintain net interest margins. Meanwhile, auto loans may slow in the third quarter of 2026, prompting a shift toward refinancing and top-up loans. Non-interest income grew 38.5 percent, boosted by extraordinary items, but even excluding those, it still rose 24 percent, which is above the target range. Asset quality remains under control, with Stage 2 loans declining in the second quarter of 2026, and the bank is not concerned about low-income customers because it does not focus on expanding that base. As for the Thai Airways shares held from debt-to-equity conversion, the bank is ready to sell if a suitable opportunity arises, as it has no policy to hold them for speculation or as a long-term strategic partnership. For the first six months of 2026, net profit was 10.683 billion baht, up 5.8 percent from a year earlier.

TTB has won three awards from the World Economic Magazine Awards 2026, organized by a leading financial magazine from the United States, reflecting international recognition for shareholder value creation, digital transformation, and financial service excellence. The Excellence in Shareholder Value Creation – Thailand 2026 award underscores the bank's success in capital management, having raised its dividend payout ratio from 30 to 35 percent before the merger to 60 percent currently, and implementing a 35 billion baht share buyback program over four years from 2025 to 2028, with cumulative buybacks already reaching 21 billion baht, one year ahead of plan. The Best Digital Banking Transformation – Thailand 2026 award reflects success in using data and AI to develop hyper-personalized services, and the Best Commercial Bank – Thailand 2026 award guarantees the bank's role as a leading commercial bank delivering financial solutions to create financial well-being for both individual and business customers.

TMBThanachart Bank, or TTB, is pressing ahead with a comprehensive debt resolution model for salaried workers by developing the Debt Coach project, where TTB employees with sound financial health volunteer to provide one-on-one advice to debtors. Currently there are over 110 debt coaches, who have advised more than 560 cases, and 56 percent of participants have been able to return to positive net cash flow within one year. The bank aims to expand assistance to a total of 1,000 cases within this year. At the same time, TTB has applied the risk-based pricing concept to its TTB Cash2Go personal loan since early 2026, approving credit lines worth over 4.1 billion baht and helping customers save more than 650 million baht in interest, or an average reduction of 5 percent per year. It plans to extend this to car title loans in August 2026 and TTB Flash cash cards by the end of the year. In addition, TTB has assisted debtors through debt consolidation loans totaling over 77,700 accounts with a combined credit line of more than 21.5 billion baht, as well as multipurpose welfare loans under MOUs signed with 1,700 companies, with a total credit line of over 3 billion baht. Mr. Thakorn Piyapan, TTB President, said the bank aims to develop the Debt Coach platform into a public-benefit model that other organizations can adopt, in order to jointly tackle the household debt problem sustainably.

Thai commercial bank stocks extended their rebound after analysts raised target prices and earnings estimates. KTB was at 42.25 baht, up 0.60 percent, BBL at 189 baht, up 1.07 percent, KBANK at 237 baht, up 1.28 percent, SCB at 153 baht, up 0.33 percent, and TTB at 2.92 baht, up 0.69 percent. Analysts at Krungsri Securities raised their net profit forecasts for the banking sector in 2026 and 2027 by 2.6 percent and 4.2 percent to 221 billion baht and 229 billion baht, respectively, and rolled forward to 2027 target prices. They picked KBANK and KTB as top picks, recommending buy on KBANK with a target of 300 baht and buy on KTB with a target of 55 baht. Meanwhile, BBL and TTB were upgraded to buy with targets of 225 baht and 3.50 baht, while SCB was rated hold with a target of 155 baht. KKP was rated buy with a target of 145 baht, and TISCO was downgraded to reduce with a target of 115 baht. The sector is also expected to pay high dividend yields of 5 to 6 percent for 2026, supported by strong capital positions and no major investment plans. The research team maintained a positive view on the sector, expecting 2027 ROE to improve as the rate-cutting cycle ends and a government investment cycle worth over 8 trillion baht resumes, along with growth in wealth management. Bank stocks are trading at a PBV of just 0.9 times, below historical averages and below ASEAN peers.

Krungsri Securities, or KSS, has raised its net profit forecasts for the commercial banking sector in 2026 and 2027 by 2.6% and 4.2% to 221 billion baht and 229 billion baht, respectively, while rolling forward to 2027 target prices. It selects Kasikornbank, or KBANK, and Krung Thai Bank, or KTB, as standout stocks in the group. KSS recommends buying KBANK with a target price of 300 baht, forecasting net profits of 53.1 billion baht in 2026 and 55.7 billion baht in 2027, benefiting from the investment cycle and wealth management business. For KTB, it recommends buying with a target price of 55 baht, citing strength in asset quality and government investment. For other banks, KSS has revised recommendations and target prices: BBL to buy at 225 baht, SCB to hold at 155 baht, TTB to buy at 3.50 baht, KKP to buy at 145 baht, and TISCO to reduce investment at 115 baht. The research team expects the banking sector to pay dividends in 2026 with high yields of 5 to 6 percent, supported by strong capital positions and no major investment plans weighing on them. It maintains a positive view on the sector, forecasting a rise in 2027 return on equity driven by the end of the rate-cutting cycle, the return of government investment worth over 8 trillion baht, and growth in wealth management. Moreover, banking stocks are trading at a price-to-book value of just 0.9 times, below historical averages and ASEAN peers.

TTB says Thai SMEs need to use data and AI to make decisions in the era of a K-shaped economy. Mr. Naris Sathapholdecha, Head of Data and Analytics Group at TTB, said AI will be a key advantage in market analysis and help entrepreneurs make faster and more accurate decisions. Meanwhile, executives from Pramy, CJ MORE, and KFC shared experiences on using data to create differentiation and enhance efficiency in their businesses. Mrs. Kanokporn Jutha, Head of Business Product Management Group at TTB, said the bank is ready to be a Growth Navigator and Ecosystem Partner that connects capital, financial solutions, and digital tools to support SMEs in achieving sustainable growth.

TMBThanachart Bank, or TTB, reported a second-quarter 2026 net profit of 5.513 billion baht, up 10.17% from the same period last year, bringing first-half 2026 net profit to 10.683 billion baht, a 6% increase year-on-year. Net interest income stood at 12.265 billion baht, down 3.7% due to the impact of policy rate cuts and lower loan volumes under a prudent loan growth strategy. The net interest margin was 3.03%, edging up from 3.02% in the second quarter of 2025. Net fee and service income was 3.144 billion baht, up 39.6%, and non-interest income reached 5.079 billion baht, up 39.5%, lifting total operating income to 17.343 billion baht, a 5.9% increase. On asset quality, non-performing loans were stable at approximately 39 billion baht, representing an NPL ratio of 2.93% for the seventh consecutive quarter. First-half provisioning expenses fell 9% from a year earlier, with credit cost at 1.36%, and the coverage ratio rose to 157% from 152% at the end of 2025. Earnings per share for the quarter were 0.06 baht, up 20% from 0.05 baht in the second quarter of 2025, reflecting the impact of three rounds of share buybacks totaling 10.03828 billion shares, or 10.29%, worth 21 billion baht, out of a total buyback program of up to 35 billion baht by the end of 2028. As of the end of the second quarter of 2026, 14 billion baht remained under the buyback authorization. With the share price up over 20% in the past month and 30% over three months, exceeding book value of 2.77 baht and the consensus target of 2.81 baht, there is speculation that TTB may shift to paying a special dividend of up to around 0.14 baht per share, representing a dividend yield of 4.8% in 2026, instead of further buybacks.