Post by account_disabled on Jan 1, 2024 3:51:39 GMT
KTC delivers operating results for the first 9 months, net profit growing 8% to 4,205 million baht, investing heavily in promoting marketing activities and continuously expanding the member base. According to the policy of accelerating the growth of the number of members and expansion in the main business. As a result, total debtors expanded to a record high in two years. Credit card spending volume rebounded to 10.4%. Total non-performing loans (NPLs) were able to drop further. at 1.07% at the end of the year the company Will continue to increase the member base. Ready to build immunity to make the port good quality and strong. To provide indicators to measure various successes close to the estimated estimate Mr. Rathian Srimongkol, Chief Executive Officer of "KTC" or Krungthai Card Public Company Limited, said, "KTC has adjusted its strategy to focus on generating more income from the expansion of the number of cards and Debtor portfolio for the past 9 months In addition to causing the total debtors to grow at the highest rate in two years.
Since the third quarter of 2017, it has also had a positive effect on the overall Industry Email List amount of card spending over the past 9 months. and increased at an accelerated rate towards the end of the 3rd quarter, while the receivable portfolio continued to have good quality. For the 3rd quarter, the company had a profit of 1,292 million baht, decreasing at a rate of 7% due to the company There is a cost to Set aside additional reserves according to the expansion of the port. In addition, the cost of procuring a new card Including organizing marketing promotions to encourage members to spend with their cards. As a result, total expenses for the third quarter increased by 10%, while total revenue grew by 4%." As of September 30, 2019, KTC had a net profit of 4,205 million baht. The total trade receivable portfolio was 79,618 million baht (expanded 9%) Total member base of 3.43 million accounts (6% growth) divided into 2,460,595 credit cards (7% expansion) Total credit card receivables portfolio of 51,137 million baht (10% expansion) Growth rate of spending volume via credit cards 9 months at 10.4%, total NPL continued to decrease to 1.07% NPL, credit cards were at 0.96%, personal loans 973,356 accounts (expanded 5%), total personal loan receivables 28,219 million baht (growth 9%), NPL of personal loans It was 0.83% in the last 9 months. KTC had total revenue of 16,699 million baht, an increase of 6% compared to the same period last year.
from interest income (including credit line usage fee income) grew by 7%, fee income grew by 4% and bad debt recovery grew by 2%, while operating expenses to total income (Cost to Income Ratio) was 34. % decreased from 34.8% at the same time last year. As for administrative expenses, they were 5,685 million baht, an increase of 4% compared to the same period last year. This is due to the increase in the number of new card members. causing the card debtor portfolio to expand to an unprecedented level In addition, the company In addition, marketing promotion programs have been greatly increased. As a result, marketing expenses increased by 14%, along with personnel expenses and other administrative expenses. increased by 5% and 4% respectively, while the fees paid were similar in value to the original However, the company Still able to control the value of financial costs at the same level. Mr. Rathian added that "For progress in business operations "Pico Finance" (province-level microfinance under supervision), "Nano Finance" business (micro-loan for professionals) and loan business with car registration as collateral, during the past August and September 2019, TC has already received licenses to operate all 3 businesses. We are currently testing the credit granting system.
Since the third quarter of 2017, it has also had a positive effect on the overall Industry Email List amount of card spending over the past 9 months. and increased at an accelerated rate towards the end of the 3rd quarter, while the receivable portfolio continued to have good quality. For the 3rd quarter, the company had a profit of 1,292 million baht, decreasing at a rate of 7% due to the company There is a cost to Set aside additional reserves according to the expansion of the port. In addition, the cost of procuring a new card Including organizing marketing promotions to encourage members to spend with their cards. As a result, total expenses for the third quarter increased by 10%, while total revenue grew by 4%." As of September 30, 2019, KTC had a net profit of 4,205 million baht. The total trade receivable portfolio was 79,618 million baht (expanded 9%) Total member base of 3.43 million accounts (6% growth) divided into 2,460,595 credit cards (7% expansion) Total credit card receivables portfolio of 51,137 million baht (10% expansion) Growth rate of spending volume via credit cards 9 months at 10.4%, total NPL continued to decrease to 1.07% NPL, credit cards were at 0.96%, personal loans 973,356 accounts (expanded 5%), total personal loan receivables 28,219 million baht (growth 9%), NPL of personal loans It was 0.83% in the last 9 months. KTC had total revenue of 16,699 million baht, an increase of 6% compared to the same period last year.
from interest income (including credit line usage fee income) grew by 7%, fee income grew by 4% and bad debt recovery grew by 2%, while operating expenses to total income (Cost to Income Ratio) was 34. % decreased from 34.8% at the same time last year. As for administrative expenses, they were 5,685 million baht, an increase of 4% compared to the same period last year. This is due to the increase in the number of new card members. causing the card debtor portfolio to expand to an unprecedented level In addition, the company In addition, marketing promotion programs have been greatly increased. As a result, marketing expenses increased by 14%, along with personnel expenses and other administrative expenses. increased by 5% and 4% respectively, while the fees paid were similar in value to the original However, the company Still able to control the value of financial costs at the same level. Mr. Rathian added that "For progress in business operations "Pico Finance" (province-level microfinance under supervision), "Nano Finance" business (micro-loan for professionals) and loan business with car registration as collateral, during the past August and September 2019, TC has already received licenses to operate all 3 businesses. We are currently testing the credit granting system.