KTC presented its first‑quarter 2026 performance to analysts, investors, and fund managers at the Stock Exchange of Thailand’s Earnings Call (Opportunity Day). The group reported a net profit of 2,171 million Baht, up 16.7% (YoY), reflecting steady and high‑quality earnings growth despite ongoing economic uncertainty.
Mrs. Pittaya Vorapanyasakul, President & Chief Executive Officer of “KTC” or Krungthai Card Public Company Limited, said, “Our first‑quarter performance reflects the strength of KTC group’s business management that emphasized sustainable quality growth. We remain focused on prudent portfolio management while leveraging data and technology to enhance both revenue generation and cost efficiency, enabling us to delivered consistent profit growth.”
Profit expansion was supported primarily by improved cost efficiency. Total expenses declined 6.0% to 4,169 million Baht, driven by a 16.1% reduction in finance costs and a 13.0% decrease in expected credit losses. As a result, the group’s cost‑to‑income ratio was 35.0%, while total revenue remained stable at 6,889 million Baht, demonstrating KTC’s ability to balance growth with prudent risk management.
Compared with industry trends, according to data from the Bank of Thailand as at the end of March 2026, total industry credit‑card receivables was 484,926 million Baht, declined slightly by 0.1% (YoY), while personal loans receivables was 854,209 million Baht, grew slightly by 0.5% (YoY), and overall credit‑card spending was 572,235 million Baht rose just 0.7% (YoY). In contrast, KTC outperformed the industry with credit‑card spending growth of 3.7%, reaching 76,800 million Baht, alongside solid market share positions, including 14.5% in credit‑card receivables, 13.4% in card spending, and 4.2% in personal loans.
At the end of the first quarter of 2026, KTC group reported a total membership base of 3,732,625 accounts, consisted of 3,019,095 credit cards, up 8.0%, and 713,530 personal‑loan accounts, up 3.4%. Asset quality remained strong, with a non‑performing loan (NPL) ratio of 1.93% and a high coverage ratio of 408.3%. The company also maintained sound financial discipline, with a low debt‑to‑equity ratio of 1.30 times.
KTC continues to align with the Bank of Thailand’s responsible lending framework, focusing on prudent credit assessment based on customers’ repayment capacity to prevent excessive debt burden. The company has also participated in financial relief programs, including the “You Fight, We Help” initiative aimed at supporting vulnerable debtors, as well as the “Clear Debt, Move Forward” program. Under this scheme, debtors with unsecured non‑performing loans of not exceeding 100,000 Baht per person were transferred to Sukhumvit Asset Management Co., Ltd. (SAM) effective January 1, 2026 to facilitate debt restructuring and reduce their financial burdens. KTC evaluated that these measures are not expected to have a material impact on its overall financial performance, as adequate provisions have already been made. Further details are available at www.ktc.co.th/en/about/news/measure
Mrs. Pittaya added, “Looking ahead, KTC will drive further growth by expanding high-quality customer base and developing more personalized products and services. We are also scaling our new business, such as our insurance brokerage, to diversify revenue streams and strengthen our long-term competitive edge. We remain committed to disciplined financial management and prudent risk control, ensuring sustainable growth that outpaces the industry.”