Thailand Banking Sector Report 2024-2025

Thailand's finance and insurance sector contributed a record 9.17% to the country's gross domestic product (GDP) in 2023. Moreover, the sector's gross value added (GVA) increased by 3.1% in 2023, a turnaround from the 2.3% decline reported in 2022, and exceeding the GDP growth, which expanded 1.9% y/y in 2023, according to figures published by the National Economic and Social Development Council (NESDC). The sector employs nearly 1.3% of the country's workforce, with the number of employees rising by 1.2% y/y to 520,330 people in 2023. The Thai banking sector remains on a solid footing thanks to strong capital buffers, ample liquidity coverage, and conservative risk management through high provisioning. Rising net interest margins (NIM) and higher interest rate environment helped the sector improve its profitability with the net profit growing by 5.5% y/y. Additionally, the non-performing ratio (NPL) has improved, and the NPL coverage ratio has increased as banks remain cautious, considering that ~10% of the loan book is under relief measures.

This report provides a complete and detailed analysis of the "Banking" sector for Thailand. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Banking" sector in Thailand
• Crystallise the forces both driving and restraining this sector in Thailand
• Ascertain Thailand’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Thailand.
• Build a clear picture of trends, output and consumption for specific sub-sectors