KTC Group continued to demonstrate its business capabilities despite a fragile economic environment and intensifying competition by maintaining a strong financial position and asset quality at a satisfactory level through prudent risk management and disciplined growth. In the first half of 2026, KTC Group reported net profit of Baht 4,397 million, up 17.1% year on year. The Group’s total loan portfolio expanded modestly from the same period last year, reflecting its strategy of prioritizing portfolio quality over volume growth. Credit card spending increased by 4.7% year on year. KTC remains committed to leveraging digital technology to drive the organization, enhance operational efficiency, and elevate member services by offering benefits that align with continuously evolving consumer spending behaviors.
Mrs. Pittaya Vorapanyasakul, President & Chief Executive Officer of Krungthai Card Public Company Limited (SET: KTC), said, “Amid continued economic uncertainty, KTC remains committed to sustainable growth. We strive to maintain a balance between business expansion, asset quality management, and appropriate returns, while closely monitoring customer behavior and risk indicators to ensure effective portfolio management under all market conditions. This disciplined approach has enabled us to maintain strong market positions across our core businesses.”
“KTC Group continued to deliver solid earnings growth net profit for the second quarter and six-month period reached Baht 2,225 million and Baht 4,397 million, representing year-on-year growth of 17.4% and 17.1%, respectively. Asset quality remained strong and within our target range. We have continued to enhance our products, services, and member benefits to meet changing customer needs while adapting our business strategies to an increasingly volatile operating environment. The Group remains committed to advancing its operations toward becoming a fully digital organization, while accelerating its organizational transformation to enhance operational efficiency and drive sustainable growth amid the continued challenges facing the Thai economy.”
KTC Group reported total revenue for the second quarter of 2026 at Baht 6,834 million, an increase of 0.3% year on year. Total expenses declined 6.9% year on year to Baht 4,040 million, driven by three key factors 1) A 13.9% reduction in expected credit losses as a result of portfolio quality management; 2) A 16.1% decrease in finance costs due to lower funding costs on new borrowings; and 3) A slight 0.8% decline in administrative expenses through continued operational efficiency initiatives. As a result, the Group’s cost-to-income ratio improved to 34.6% in the second quarter of 2026, compared with 35.0% in the same period a year earlier.
“Although the economic outlook for the second half of the year remains uncertain, we will continue to closely monitor the developments and we are confident that our strong financial position, disciplined risk management framework, technological capabilities, and organizational agility will be the foundation of high-quality growth while creating sustainable value for our members, shareholders, business partners, and stakeholders.”
As of June 30, 2026, KTC Group’s total membership base at 3,806,784 accounts. The Group’s total loan portfolio amounted to Baht 107,741 million, representing an increase of 0.6% year on year, while the Group’s non-performing loan (NPL) ratio remained at 1.86%. The credit card members comprised 3,092,023 cards, up 9.9% from the previous year. Outstanding credit card receivables totaled Baht 70,005 million, increasing 0.1%, while total credit card spending during the first half of 2026 reached Baht 153,421 million, growing 4.7% year on year. The credit card NPL ratio stood at 1.14%. Meanwhile, personal loan members totaled 714,761 accounts, up 2.8% year on year. Outstanding personal loan receivables amounted to Baht 36,474 million, increasing 3.0%, while the personal loan NPL ratio remained at 2.55%. Lease receivables totaled Baht 1,262 million, declining 29.2% year on year, in line with the company’s policy to discontinue new lending in this segment since August 2023. KTC continues to focus on collection efforts and active management of the remaining portfolio.
KTC Group continues to expand the use of digital technology and data analytics across all dimension of its business, from risk management, product development, marketing communications as well as customer experience enhancement. These investments are aimed at delivering faster, more convenient, and increasingly personalized services. The ability to adapt quickly is a key factor in business operations today. We therefore place importance on building an organization that is agile in decision-making, uses data as its core, and is always ready to adjust its strategies to align with emerging opportunities and challenges, in order to support the organization’s long-term growth. In addition, the Group also maintained strong financial discipline reflected by the debt-to-equity ratio that improved to 1.43 times, compared with 1.64 times a year earlier, reflecting prudent capital management and a solid financial position. The Group’s six-month cost of funds stood at 2.62%.
“KTC entered the insurance brokerage business in late 2025 aiming to establish a solid foundation through collaboration with partners both non-life and life insurance providers. In the initial phase, the Company targets a gradual growth with a focus on building a quality and sustainable business to diversify non-interest income streams and strengthen future competitiveness. KTC is also pursuing regulatory approval to offer insurance products through electronic channels and expects to receive the necessary approvals from the Office of Insurance Commission (OIC) and the Bank of Thailand during the second half of 2026. The Company plans to further develop both online and offline distribution channels to provide customers with broader access to insurance solutions tailored to their individual needs.”
KTC continues to support the Bank of Thailand’s financial relief initiatives, including the “You Fight, We Help” and “Clear Debt, Move Forward” programs. Although registration for these programs has concluded, the company remains committed to assist participating customers through the completion of the process. In June 2026, the Bank of Thailand issued criteria on service fee and service standards to establish fee-charging standards for financial institutions covering 4 fee categories totaling 19 fee items. One of the measures affects KTC, namely the reduction of the credit card cash advance fee from 3.0% of the cash withdrawal amount to 2.5%. The revised fee became effective on 1 July 2026 onward. The Company assesses that these programs and debt relief measures will not have a material impact on the Group’s overall operating performance. Further details on these measures are available on the Company’s website, https://www.ktc.co.th/about/news/measure
