TRIS Rating affirms KTC's "AA" rating, outlook "Stable"

Post Today•Economy•2d ago

Reader Briefing

TRIS Rating has maintained KTC's credit rating at "AA" with a "Stable" outlook, citing its robust business operations and financial health.

•TRIS Rating has reaffirmed Krungthai Card Public Company Limited (KTC) at the "AA" credit rating with a "Stable" outlook.
•KTC's strong business performance is supported by its strategic importance as a subsidiary of Krungthai Bank (KTB) and its ability to maintain market share.
•The company reported a net profit of 7,559 million Baht in 2025, an increase of 2.3% year-on-year, with credit card market share rising to 14.4%.

•TRIS Rating affirmed the corporate credit rating of Krungthai Card Public Company Limited (KTC) at "AA" with a "Stable" outlook.
•KTC's credit rating is supported by its strategic importance as a subsidiary of Krungthai Bank (KTB), which holds a 49.3% stake.
•In 2025, KTC reported a net profit of 7,559 million Baht, an increase of 2.3% from the previous year.
•KTC's credit card market share increased to 14.4%, with spending growth of 4% outpacing the industry's 0.7% growth.
•The number of credit cards in circulation increased by 6%, indicating KTC's ability to retain existing customers and attract new ones.
•KTC aims to issue approximately 250,000 new credit cards in 2026, focusing on high-income earners and young customers (Gen Z).
•KTC's non-performing loan (NPL) ratio remained strong at 1.8% at the end of 2025, a decrease from the previous year and below the industry average.
•The "Stable" outlook reflects TRIS Rating's view that KTC will maintain operational strength, consistent profitability, and manageable asset quality.

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TRIS Rating(ทริสเรทติ้ง)ℹ️

A credit rating agency that affirmed the credit rating and outlook for Krungthai Card Public Company Limited (KTC).

Krungthai Card Public Company Limited(บริษัท บัตรกรุงไทย จำกัด (มหาชน))ℹ️

The company whose credit rating was affirmed at "AA" with a "Stable" outlook by TRIS Rating.

An abbreviation for Krungthai Card Public Company Limited, a company whose credit rating and outlook were analyzed.

Krungthai Bank Public Company Limited(ธนาคารกรุงไทย จำกัด (มหาชน))ℹ️

The parent bank that holds a 49.3% stake in KTC and provides strategic support, influencing KTC's credit rating.

An abbreviation for Krungthai Bank Public Company Limited, the strategic parent company of KTC.