SCB X Reports 4% Decline in Q3 Profit Amid Bond Market Volatility
SCB X reported a third-quarter net profit of 10.67 billion baht, citing losses from debt instrument valuations as the primary factor.
According to a report by Khaosod Online Thailand, SCB X Public Company Limited announced a net profit of 10.677 billion baht for the third quarter of 2026. This figure represents a 4% decrease compared to the previous quarter. The company attributed this decline primarily to fair value losses on debt instrument investments, driven by rising bond yields.
Despite the quarterly dip, the bank noted stability in its core business operations. Net interest income saw a slight increase of 0.5% from the previous quarter, reaching 27.452 billion baht, with the net interest margin (NIM) improving to 3.07%. Additionally, the group reported a 2.4% expansion in loans since the end of last year, particularly within large corporate and digital lending sectors. For the first nine months of 2026, the group’s total net profit reached 31.989 billion baht, a 14.3% decrease year-on-year.
For residents and investors, these figures highlight the impact of broader financial market fluctuations on major banking institutions. While core operations remain stable, the volatility in investment valuations remains a factor to monitor. It remains to be confirmed how future interest rate adjustments might influence the bank's investment portfolio and overall profitability in the final quarter of the year.
