In today’s briefing:
- KTC – Stresses in Thailand Mass Market Credit Cards, Clear in BOT Debt Relief Measures
KTC – Stresses in Thailand Mass Market Credit Cards, Clear in BOT Debt Relief Measures
- KTC has just released its 4Q24 results and presentation, with a stand out diagram on BOT debt relief measures
- With the several measures in place by the BOT, including lowering minimum card payment, lengthening loan term and lowering rate, there are clear stresses.
- ROA is under pressure, and part of this will be due to rising credit costs, which are up from 470bps to 610bps from FY22 to FY24
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