Thai Banks Expand Wealth Management Push as Loan Growth Weakens

Thai lenders are accelerating their Thai wealth management expansion as sluggish loan growth and lower interest rates pressure profitability.

Analysts at CGS International said wealth management is expected to become the main driver of non-interest income growth between 2026 and 2028.

Thailand’s four largest banks generated between 13% and 19% of non-interest income from wealth management in 2025, significantly below Singapore’s DBS at 57.5%.

Bank of Thailand data showed there were 517,674 wealth management customers with THB1.02tr (USD27.8bn) in investable assets.

Kasikornbank and Siam Commercial Bank are viewed as best positioned due to their digital platforms and technology-driven customer targeting.