Krung Thai Bank Public Company Limited: Business Overview, Financials & Competitive Analysis
Krung Thai Bank Public Company Limited scores 7/10 on the AskCyborg Cyborg Score (Strong). Strong government backing and improving asset quality with solid profitability growth, though facing NIM pressure from rate cuts and macroeconomic uncertainty. Krung Thai Bank reported net profit of Baht 43,856 million in 2024, an increase of 19.77% from 2023. Net Interest Margin (NIM) for 2024 was.
What is Krung Thai Bank Public Company Limited's industry? Krung Thai Bank Public Company Limited (krungthai.com) operates in Banking & Financial Services. AskCyborg classifies Krung Thai Bank Public Company Limited under Banking & Financial Services in its company registry.
Krung Thai Bank is the 3rd largest bank by assets in Thailand, a commercial banking institution operating in Thailand and internationally. The bank has 55.07% state ownership through the Financial Institutions Develop...
Cyborg Score thesis
Strong government backing and improving asset quality with solid profitability growth, though facing NIM pressure from rate cuts...
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Get Current Report FreeKrung Thai Bank Public Company Limited Overview
Pro stress-test →Krung Thai Bank is the 3rd largest bank by assets in Thailand, a commercial banking institution operating in Thailand and internationally. The bank has 55.07% state ownership through the Financial Institutions Development Fund, positioning it as the nation's largest state-owned bank with strategic importance to the Thai financial system.
Strategic Profile
Pro stress-test →KTB's loan portfolio comprised 45% retail, 25% private corporates, 10% SME, and 20% Government & SOEs as of June 2025, demonstrating diversified revenue streams with significant government sector exposure. The bank's financial health is underscored by strong asset quality, with the NPL ratio at 2.99% in 2024 and a robust coverage ratio of 188.6%. The bank has improved operational efficiency through higher net interest margins and earnings growth.
Competitive Landscape
Pro stress-test →Intensifying competition within Thailand's banking sector, particularly with the anticipated arrival of 'Virtual Banks,' presents both opportunities and challenges. KTB competes with major Thai banks including Bangkok Bank and other commercial banks. The bank secures meaningful business from government agencies and SOEs, which has undergirded stable asset quality, providing differentiation versus peers.
Industry Context
Krung Thai Bank Public Company Limited operates in Banking & Financial Services.
Key facts
Founded: 1966 · Headquarters: Bangkok, Thailand · Revenue: $4.8B · Market cap: $11.3B