SET-listed Krungthai Card (KTC), a non-bank business under Krungthai Bank (KTB), posted net profit growth of 20% in 2022, thanks to Thailand’s economic rebound and improving tourism after the country’s reopening.
KTC reported consolidated net profit of 7.07 billion baht for 2022, an increase of 20.4% year-on-year.
The company booked total outstanding loans of 104 billion baht last year, rising 12.5% from the previous year, according to the company’s statement to the Stock Exchange of Thailand.
The improved 2022 result was mainly supported by the country’s economic recovery, increasing domestic spending and the accelerated tourism…
