Krungthai Card prioritises bottom line as loan expansion slows

The CEO has guided that the outlook for 2026 is gloomy, reports UOBKH.

Krungthai Card (KTC) is bracing for softer loan growth in 2026 as it intends to keep its non-performing loans (NPLs) below 2%.

The Thailand-based company targets a loan growth of between 1%-2% in 2026, lower than its 4%-5% target in 2025. It has so far mixed its 2025 target, with loan growth at 0.7% in 9M 2025.

KTC’s CEO has also guided that the outlook for 2026 is “gloomy”, and that they will grow at a cautious pace and prioritise good asset quality, said UOB Kay Hian (UOBKH) analyst Thanawat Thangchadakorn.

The CEO guided that the company would focus on bottom line growth and robust asset quality in 2026 amid many uncertainties ahead, Thangchadakorn added.

KTC has not provided guidance on the impact of selling its unsecured NPLs to asset management companies.

KTC will sell eligible unsecured NPLs to AMCs, although there is no data yet on selling price or eligible debtors.