Krungthai Card PCL

SET:KTC

Business Description

Sector

Financials

Industry

Financial Services

Headquarters

Thailand TH

Employees

1 722

IPO date

Oct 28, 2002

Krungthai Card PCL, better known as KTC, is a Thai consumer finance company best known for issuing credit cards. It also offers personal loans and related retail finance services to consumers, helping people borrow for everyday spending, travel, debt consolidation, and larger purchases. Its main customers are individual consumers in Thailand, especially middle-income cardholders and borrowers.

KTC makes money mostly by charging interest on revolving balances and installment loans, plus fees from card use and loan-related services. It acts as the lender and payment intermediary between cardholders, merchants, and Thailand’s card network, so its business depends on managing credit risk, customer spending, and repayment behavior. It is not a bank in the traditional deposit-taking sense; instead, it focuses on unsecured consumer lending.

What makes KTC’s business model distinctive is its narrow focus on consumer credit rather than a broad mix of banking products. That gives it a specialized role in Thailand’s financial system as a card issuer and personal lender that reaches customers through everyday spending. Its earnings come from consumer borrowing and payment activity, not from selling physical products or running a large branch-based banking franchise.