Banks - Thailand: Financial Forum: Returning to growth, staying disciplined

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Banks - Thailand: Financial Forum: Returning to growth, staying disciplined

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Banks - Thailand

Financial Forum: Returning to growth,

staying disciplined

Industry Overview

Full house: 18 meetings 17 June 2026

We hosted our inaugural Financial Forum for local investors on 8-12 and 16 June 2026, Equity

featuring 18 meetings with 16 listed companies across banking, consumer finance, truck ASEAN | Thailand

leasing and AMC sectors. We were also honored to host Sukhumvit Asset Management Banks

(SAM) and the former President of ThaiBMA, who shared perspectives on distressed Sarachada Sornsong ^^^

assets, social AMCs and Thailand's debenture market. See Exhibit 1 for the full list of Research Analyst

participating companies and speakers. Kiatnakin+66 2 305Phatra9197 Securities

sarachada.sorn@kkpfg.com

Common theme: Quality-led growth Narumon Ekasamut ^^^

Research Analyst

The overall tone from our meetings points to a gradual return to growth without Kiatnakin Phatra Securities

compromising asset quality. Although the operating environment has become more narumon.ekas@kkpfg.com

challenging than previously anticipated, particularly amid recent geopolitical tensions,

years of lending discipline, tighter underwriting standards and balance sheet clean-up

have kept credit quality broadly manageable. Nevertheless, the uncertain macro

backdrop continues to warrant caution, limiting appetite for aggressive expansion. While AMC: Asset management company

banks are increasingly relying on fee income diversification and efficiency gains to

support earnings, non-bank lenders are benefiting from easing credit costs and lower ThaiBMA: Thai Bond Market

funding expenses. Association

Banks remain our preferred income theme NIM: Net interest margin