KTC plans B500 fee to reduce costs
Has culled thousands of inactive credit cards
- Published: 9 Jun 2012 at 00.00
- Newspaper section: Business
Krungthai Card (KTC) has cancelled about 40,000 inactive credit cards to reduce operating costs and improve loan quality in a bid to strengthen the company's profitability.
Rathian: Also cut outsourcing firms
Rathian Srimongkol, the president and chief executive, said KTC plans to clear up inactive cards by charging an annual fee of 500 baht per card or the card will be revoked.
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