KTC Posts 4.4 Billion Baht Profit, Up 17% in H1
KTC's first-half profit surged 17% to 4.4 billion baht, driven by improved credit quality and lower borrowing costs that reduced the company's expense ratio to 34.6%.
KTC, or Bangkok Bank Credit Card Company Limited, reported first-half 2025 net profit of 4.397 billion baht, up 17.1% from the same period last year, with second-quarter profit reaching 2.225 billion baht, up 17.4% year-on-year. CEO Pithaya Vorapunnyaskul stated the company is pursuing sustainable growth by balancing business expansion, asset quality management, and appropriate returns while closely monitoring customer behavior and risk signals to efficiently manage its portfolio across all scenarios and maintain strong market share in core products.
For the second quarter of 2025, the company posted total revenue of 6.834 billion baht, up 0.3% year-on-year, while total expenses fell 6.9% to 4.040 billion baht due to three main factors: a 13.9% decline in expected credit losses from portfolio management, a 16.1% reduction in finance costs from lower new borrowing rates, and a 0.8% decrease in administrative expenses. This resulted in a Cost to Income Ratio of 34.6% for Q2 2025, down from 35.0% in the same quarter last year.
Although the second half may still face economic uncertainty, KTC remains confident that its financial strength, disciplined risk management, continuous technology application, and operational flexibility will drive quality growth and deliver sustainable value to members, shareholders, business partners, and stakeholders.
As of June 30, 2025, KTC's group had 3.81 million total member accounts with a combined credit portfolio valued at 107.741 billion baht, up 0.6% year-on-year, and a non-performing loan ratio of 1.86%. Credit card members totaled 3.09 million cards, up 9.9%, with a portfolio of 70.005 billion baht, up 0.1%, and first-half card spending of 153.421 billion baht, up 4.7%, with an NPL ratio of 1.14%. Personal loan members stood at 714,761 accounts, up 2.8%, with a portfolio of 36.474 billion baht, up 3.0%, and an NPL ratio of 2.55%. The lease financing portfolio declined 29.2% to 1.262 billion baht following the company's decision to stop issuing this type of credit from August 2023.
