Bangkok: TISCO Group reported a net profit of 3,497 million baht in the first half of 2026, marking a 6.4% increase. This was attributed to growth in hire purchase loans and the capital market.
According to Thai News Agency, TISCO's second-quarter profits rose to 1,764 million baht, a 7.3% increase, driven by a 23% surge in new loan disbursements following a 14% rise in domestic car sales. The company maintained a non-performing loan (NPL) ratio of 2.12% and a robust BIS ratio of 20.6%, ensuring strong asset quality.
Mr. Sakchai Peechapat, CEO of TISCO Group, highlighted the significant recovery in the domestic automotive market, particularly in electric vehicles (EVs), which contributed to the increase in car sales and loan disbursements. The capital market's recovery also bolstered TISCO's securities, fund management, and wealth management businesses, enhancing fee and service income.
Despite some customers being affected by living costs and energy prices, government assistance programs and debt relief measures have alleviated borrower burdens. This helped improve liquidity in the economy.
For the first half of the year, net interest income rose by 4.7%, non-interest income by 16.4%, and bancassurance fees by 11.3%. Operating expenses grew by 3.1%, while credit loss provisions (ECL) were 1.1% of average loans, resulting in a return on equity (ROAE) of 16.3%.
In the second quarter, net interest income increased by 5.9%, non-interest income by 6.3%, and operating expenses by 6.9%. The ECL stood at 0.9% of average loans, consistent with strong asset quality.
As of June 30, 2026, total loans were stable at 235,803 million baht. Hire purchase loans grew by 2.2%, increasing market share to 6.7%. NPLs were 2.12% of total loans, with NPL coverage at 190%.
TISCO's capital position remains strong, with a BIS ratio of 20.6%, exceeding the Bank of Thailand's minimum requirement of 11.0%. Tier 1 and Tier 2 capital are at 18.2% and 2.5%, respectively.
Mr. Sakchai stated that TISCO will continue its quality growth strategy in the second half of the year, focusing on cautious lending, risk management, and leveraging AI technology under the "3A" strategy: Assistant Tools, Automation, and Agentic AI, to support sustainable growth.