Chief executive of top credit-card firm says ‘revenge spending’ helping to fuel growth
Krungthai Card Plc (KTC) expects its profit to reach another record in 2023 on bets that a tourism boom and the upcoming general election campaign will accelerate consumption and an economic recovery.
The country’s biggest credit-card company has seen “stellar growth” in spending of about 2.5 million credit-card customers so far this year, said chief executive officer Rathian Srimongkol. Demand for consumer loans is also rising amid a rebound in economic activities, he said.
“There…
