Jump to content

KTC expects profit to miss target by Bt1 billion due to Covid-19 impact


Recommended Posts

Posted

KTC expects profit to miss target by Bt1 billion due to Covid-19 impact

By THE NATION

 

800_c52e28090566de7.jpg?v=1593964521

 

Krungthai Card (KTC) estimates that its profit for the year would be Bt1 billion below its target following the reduction of interest to support its customers.

 

KTC president Rathian Srimongkol said that 99 debtors among 2.5 million had asked for suspension of debt repayment, under the assistance measure issued by the Bank of Thailand. The first phase of this measure ended on June 30.

 

In addition, around 4,000 customers have registered to adjust their debt structure.

 

In the next phase, the president said that KTC would need to monitor more debtors registering for its remedial programme.

 

He said the trend to default in the next six months would improve, after seeing an improvement in the default rate in June, compared to the same period last year.

 

“We believe that our customers are capable of repaying their debt, but we plan to be more strict in issuing credit cards to new customers,” he added.

 

Source: https://www.nationthailand.com/news/30390829

 

nation.jpg

-- © Copyright The Nation Thailand 2020-07-06
 
Posted
9 hours ago, webfact said:

after seeing an improvement in the default rate in June, compared to the same period last year.

Seriously ? I cannot believe Thais were defaulting more last year than this year

Posted
13 hours ago, Chelseafan said:

I wonder what amount those 99 debtors have borrowed and what %age is it of the banks total liability.

 

 

These 99 will be big borrowers for sure

Maybe large Construction Companies Etc, and the amount of debt could possibly be eye-watering

Posted
53 minutes ago, Cake Monster said:

These 99 will be big borrowers for sure

Maybe large Construction Companies Etc, and the amount of debt could possibly be eye-watering

 

Yes, that's what I think too. I think the bank is playing this down. 99 investors out of 2million looks tiny but it could be 70% of their debt.

 

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



  • Topics

  • Popular Contributors

  • Latest posts...

    1. 8

      Thailand Live Tuesday 20 May 2025

    2. 0

      Karen Man Arrested for Illegal Gold Prospecting in Thong Pha Phum National Park

    3. 8

      Thailand Live Tuesday 20 May 2025

    4. 0

      Nakhon Phanom University Lecturer Killed in Car Crash on Dangerous Curve

    5. 8

      Thailand Live Tuesday 20 May 2025

    6. 0

      Not a Thai Vessel, Confirms Thai Maritime Agency After Drug Bust by Indonesian Navy

  • Popular in The Pub

×
×
  • Create New...