Krungthai Card PCLKTC acquires WIN for 295 million baht to expand debt collection business and increase revenue.
KTC, or Krungthai Card Public Company Limited, has announced the acquisition of Win Performance Company Limited (WIN), a debt collection and tracking business, for 295 million baht. This move supports the strategic plan to manage costs and generate revenue through collaboration with the financial business group of Krungthai Bank (KTB). WIN has consistently posted net profits from 2021 to 2025, with total revenue of 293 million baht and net profit of 54 million baht in 2021, growing to total revenue of 377 million baht and net profit of 98 million baht in 2025. WIN's average net profit margin exceeds 25%. This acquisition will allow KTC to increase revenue from the debt collection business, and WIN will have the opportunity to access non-performing loans (NPLs) from the KTC group and Krungthai Bank, which were previously sold to external parties for management. It is expected that the NPLs of Bank CLICX, in which Krungthai Bank holds a 41% stake, may also be assigned to WIN for management.
Krungthai Card PCLKTC acquires WIN for 295 million baht to expand debt collection business and increase revenue.
Krung Thai Bank Public Company LimitedKTB's financial group collaboration with KTC's acquisition of WIN may benefit from debt collection synergies.
WIN is acquired by KTC, providing growth opportunities and access to NPLs from KTC group and KTB.
WIN may manage NPLs from CLICX, potentially increasing business for the acquired company.