KTC nets Bt733m in first quarter, up 15% year on year
Play
Krungthai Card reported net profit of Bt733 million for the first quarter of this year, up 15 per cent over the corresponding period in 2016
.
Spending with the company’s cards and net receivables rose to a level above the industry average, while the rate of non-performing loans was only 1.65 per cent.
The number of merchants accepting KTC cards also increased by 18.5 per cent as the company expanded by allying with businesses whose products and services aligned with the lifestyles of KTC members, it said.
The firm said this positive trend helped it maximise stakeholders’ benefits while strengthening the company’s revenue stream from core businesses and allowing it to control the quality of its portfolios effectively.
