Tuesday, February 18, 2020

Krungthai Card sees continuous growth in net profit 

Feb 14. 2020
Rathian Srimongkol
Rathian Srimongkol
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By THE NATION

SET-listed credit card service provider Krungthai Card Plc (KTC) expects continuous growth in its net profit this year. However, said chief executive officer Rathian Srimongkol, total spending of cardholders might miss the 15-per cent growth target year on year due to the current economic conditions and impacts from the coronavirus outbreak.

The company has targeted a 10-per cent growth year on year in personal loan. 

To capitalise on the low interest rate trend, KTC planned to issue new corporate bonds of between Bt10 billion-Bt12 billion to refinance those reaching maturity and to fund business expansion.

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