Krungthai Card Public Company Limited (SET: KTC) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
1,856.52 | 1,772.52 |
| Earning Per Share (Baht) |
0.7200 | 0.6900 |
| % Change | 4.74 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
5,534.07 | 5,413.54 |
| Earning Per Share (Baht) | 2.1500 | 2.1000 |
| % Change | 2.23 | |
KTC reported a net profit of Baht 1,856 million in 3Q23, increased 4.74% from the same period last year.
KTC’s total portfolio was equivalent to Baht 106,701 million, growing at a rate of 10.0% (YoY) due to the supportive factors from the private consumption sector. Credit card portfolio kept on expanding satisfactorily as consumption demand contributed to an increase in credit card spending. At the same time, the KTC PROUD portfolio grew incessantly. Notably, KTC’s strategy still focused on maintaining portfolio growth along with credit quality screening under an appropriate and acceptable risk level.
Regarding KTC P BERM Car for Cash, its new booking in 9M23 totaled Baht 1,929 million, proven to be of a good quality of new portfolio, fostering confidence that KTC P BERM portfolio will be able to generate a significantly growing revenue base in the future.
Compared to the industry, KTC market share of credit card receivables for 8M23 stood at 14.9%, and its market share of credit card spending stood at 12.1%, which was higher than the same period last year. As for personal loan receivables (excluding auto title loan), KTC market share was at 6.2%.
At the end of 3Q23, non-performing loan ratio (%NPL) stood at 1.9%, which was almost the same level as last year at 1.8%. Allowance for expected credit losses amounted to Baht 8,720 million, generated allowance for expected credit losses to NPL ratio of 443.3%, a slight decrease from 461.4% in the same period last year.
Meanwhile, the total interest income (including credit usage fee) for 3Q23 amounted to Baht 4,096 million, representing an increase of 11.3% (YoY). This is divided into interest income from credit card, amounting to Baht 2,025 million, interest income from personal loan, amounted to Baht 2,009 million, and interest income from lease receivables of Baht 62 million. The increase in interest income came from every business as economic recovery has been spurred by tourism sector and domestic spending as well as the expansion of new booking, which has contributed to expanding income base.
