Bangkok--Sep 28--Krungthai Card
KTC shifts into high gear following 31% growth of KTC Million.
KTC Million Club to be inaugurated on October 1st.
KTC has disclosed excellent results for KTC Million, an entrepreneur loan, with a growth of 31% after one year of operation. More active strategies are in the pipeline, including better offers and KTC Million Club which brings even more benefits to business owners. It is hoped that the loan portfolio will rise pass the Four Billion Baht mark in the process.
Ms. Ratana Cholprypimolrat, Executive Vice President of Revolving Loans Business, “KTC” or Krungthai Card Public Company Limited said “KTC Million was first offered in October 2004 as a new alternative for entrepreneurs who need revolving capital for business expansion, purchase of equipments, machinery and raw materials; production capacity improvement or office decoration. The maximum credit offered is 5 Million Baht, which is considered the most significant amount of its kind presently.”
“We have been receiving better than expected responses throughout the past year. Most KTC Million clients are manufacturers, industrial businesses, wholesalers and retailers.
Our loan portfolio is worth approximately 4 Billion Baht with a growth of 31% from 2004 and delinquency rate of only 2%. One of the key factors driving our success is our adopting various strategies and hiring of more staffs to serve as advisers amidst growing demand. Risk management training sessions were arranged for our staffs. We are looking forward to a well-founded growth and to becoming the leading provider of entrepreneur loans.”
Ms. Ratana commented on the outlook of entrepreneur loans “We are seeing continuous growth. Banks and non-bank financial institutions are paying more attention to this target group, resulting in small and medium business owners being able to choose a service that best suits their needs in this time of unstable economy.”
“Moreover, as a sign of gratitude, we have decided to launch “KTC Million Club” to help our members expand their business network and to allow them greater convenience. In addition to the credit granted for their business expansion, KTC Million clients will instantly become a “KTC Million Club” free of charge. The specially designed member cards will be sent to all clients and can be used from the 1st of October. All members will be eligible for the privileges we have carefully selected and accumulate KTC Million Points from early or punctual payment in exchange for various prizes worth a total of over 2 Million Baht.
1. Invitation to Year End Party to celebrate the year’s success and embrace the new year with top businessmen at Baan Thai Suan Tip Restaurant on the 8th of December 2005, for the first 60 businessmen and one companion. The event requires 1,800 points and does not involve any expenses.
2. A chance to win a tour package to Canton Fair, the best and the largest product exhibition of the People’s Republic of China. A total of 30 prizes, two seats each, worth 1,800,000 Baht will be available. Also up for grasp are gift vouchers for products and dining at top restaurants, worth a total of over 200,000 Baht. Simply accumulate as many points by the 31st of January 2006.
3. Special discounts at more than 100 leading establishments where KTC Makes Sense sign is displayed.
4. Usage of KTC Million Club card as a reference for monthly installment payment.
“We firmly believe that KTC Million is best able to fulfill the needs of business owners. As clients need quick and convenient access to source of funds and as the market remains considerably open to this type of loan, we should be able to expand our client base well”, said Ms. Ratana in conclusion.
KTC Million is a new type of loan allowing minor business owners choice of installment payment of 12-60 months, reasonable interest rate at 15% per year with reduction in principal and interest plan and account maintenance fee of 2%. Experienced staffs on hand to give advices on all loan related matters. Clients will certainly benefit from utmost convenience both at the time of application and during the approval phase and instantly become a KTC Million Club members. Those applying from now until the 31st of December 2005 will enjoy a loan approval fee of only 0.25%, down from the conventional rate of 0.5%. If you are a business owner and interested in KTC Million, please call 0-2665-5600 or visit www.ktc.co.th.
For more information:
Public and Corporate Affairs Department
Krungthai Card Public Company Limited
Kandtharat Chermchitphong Tel. 0-2665-5057
Suchada Weerasakulrak Tel. 0-2665-5732
Nalin Charoensri Tel. 0-2665-5047
Fax. 0-2665-5046
E-mail: [email protected] End.