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Thursday, April 25, 2024

KTC upbeat on large profits for this year

KTC upbeat on large profits for this year

Lender looks to new S-curve businesses

Mr Rathian, centre, says the ambitious lending target should be supported by major shareholder KTB, particularly for loan application channels at both physical branches and digital platforms.

Krungthai Card Plc (KTC), a non-bank company under Krungthai Bank Group (KTB), hopes to book large profits this year, supported by its new S-curve businesses.

KTC P Berm offers car title and auto leasing loans as part of its focus on S-curve services. Car title loans have high growth potential, said president and chief executive Rathian Srimongkol, after the firm launched KTC P Berm in September 2020.

He said the company adjusted the KTC P Berm loan growth target for 2022 to 11.5 billion…

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