Krungsri Consumer reveals solid operating results for 2022 Card spending amounted to 333,000 million baht (+17%), and new loans amounted to 87,000 million baht (+13%) due to the continued economic recovery. and success in adjusting strategies to respond to changing market conditions High growth in tourism and consumption
Expenses in the first quarter are expected to grow continuously. Receive shopping festivals and economic stimulus measures from the government. Prepare to organize special promotions to increase spending via card. Set a target of 350 billion baht in card spending and 97 billion baht in new loans by 2023.
Ms. Nayanee Phuekkham, Chairman of the Board of Directors, Krungsri Consumer, credit card and personal loan provider consisting of Krungsri Credit Card, Krungsri First Choice Card, Central The 1 Credit Card and Lotus Credit Card, said, “In the year 2022, Krungsri Consumer’s performance grew satisfactorily. better than the set goal as a result of the unfolding COVID situation Including the success in adjusting the company’s marketing strategy to respond to changing market conditions.
Card spending amounted to 333,000 million baht, a 17% growth. New loans amounted to 87,000 million baht, a 13% growth compared to the previous year. The non-performing loan (NPL) ratio was good and decreased compared to 2021, at 1% for credit cards and 2.5% for personal and installment loans. It is below average in the business.”
From data on credit card spending in the Krungsri Consumer group in 2022, the categories with high growth are:
- Airlines (+329%)
- Travel agents (+186%)
- beauty salons (+93%)
- Car rental (+81%)
- Hotels (+81%)
- Food and beverage outlets (+66%)
It shows that the amount of spending in the category related to tourism and consumption, whether it is buying a plane ticket Package tours, hotels, car rentals, as well as beauty and weight loss salons have grown very high from the demand for tourism and consumption to compensate during the past COVID situation.
“In this regard, Krungsri Consumer aims for spending via card of 350 billion baht and new loans of 97 billion baht by 2023.”
However, Krungsri Consumer expects that the economy will continue to grow in the first quarter of this year. from the supporting factors of tourism and private consumption including policies to stimulate the economy of the state “Shop Dee Mee Night” During the New Year to Chinese New Year in January, the company saw a growth in card spending. More than the same period last year, this year, Krungsri Consumer is preparing to organize special promotions including eating, shopping, traveling to continuously increase card spending.
For example, Roojai card promotions, yes every meal, receive up to 20% total cash back when spending via Krungsri credit cards. Consumers from 1,000 baht or more per sales slip according to the conditions at restaurants throughout Thailand and participating leading delivery apps from February 1 to April 30, 2023, Krungsri credit card invites travel and tourism throughout Thailand. Get full value for the trip Just spend through the card according to the conditions in the participating travel categories. and every gas station across Thailand
Receive 3 worthwhile privileges, such as receiving a total cash back of up to 8,000 baht when accumulating spending via the card according to the conditions, redeeming points for up to 13% additional credit cash back in participating categories. and receive an additional discount of up to 69% with hotels, travel booking websites and participating car rental services from January 15 – April 30, 2023, etc.
