5 Bank’s Business Plan in 20225: SCBX going into overseas business – Virtual Bank

Early every year, five major banks in Thailand, SCBX, KBank, TTB, and BBL, have revealed their strategies to help drive their organizations and economies with sustainable growth and respond to changes in the modern world.

Mr. Arthit Nanthawithaya, SCBX CEO, revealed that in 2025, SCB has set a loan growth target of 1-3% in line with the domestic economic outlook. The net interest margin (NIM) is expected to be 3.6-3.8%, based on the possibility of falling interest rates by 0.25% growth in high-yielding loans, particularly from the Gen 2 businesses such as Digital Lending and Gen 3 related to innovation.

Net fee income is projected to grow 2-4% from the Wealth Management business, insurance sales, and new revenue from Gen2 and Gen3.

Expenditure targets are set at 42-44 percent of revenue, covering investments in cybersecurity, cloud excellence centers, and technologies.

SCBX this year will focus on both domestic and external businesses, such as the acquisition of Home Credit Vietnam (HCVN), which is currently awaiting approval. The profit will come in full as the business will be larger and the cost will be lower. The Virtual Bank is waiting for a license. SCBX intends to develop a modern system that meets the digital age.

Miss Kantiya Intarawachai, KBank CEO, said that amid growing challenges this year, KBANK has maintained its 3+1 strategy to achieve sustainable growth and provide customers with fair loans and stable returns for shareholders. KBANK continues to focus on strategies that focus on managing operational efficiency and creating long-term returns.

Mr. Piti Tantakasem, CEO of TTB, revealed that TTB continues to focus on capital restructuring, such as reducing debt instruments for efficiency and increasing dividend yields by 60% from 30-35%. In addition, TTB continues to grow through the acquisition of new shares in Thanachart Securities and T Listing. TTB takes into account the B+ESG framework (Banking + Environment, Social, Government) and is aimed at creating quality growth and improving the quality of customers’ financial lives.

KTB stated that Krung Thai Bank is aiming for the year 2025 under the concept of “Corporate Value Creation” which focuses on developing employee skills and creating value for customers in all dimensions, empowering employees to cope with changes, providing a positive customer experience, and continuing to create economic value for stable growth.

Bangkok Bank (BBL) continues to focus on helping customers prepare for the next-generation business world, especially in finance, technology, and overseas expansion, increasing competitiveness in the technology era, supporting stable growth, social responsibility, and fair lending.

The five banks have set a clear goal of adapting to the digital age with a core focus on sustainable growth in terms of business and social responsibility, i.e., business expansion, technology investment, and management efficiency, building long-term stability for customers, shareholders, and organizations.