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Thai Credit Card Firm Expects Return on Equity to Go Back to 20 Percent.

Bangkok Post (Bangkok, Thailand)

| November 04, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Darana Chudasri

Nov. 4--Krungthai Card expects its return on equity to increase to return to 20 percent by 2005.

Executive vice-president Chutidej Chayuti said its ROE now stood at around 18 percent to 19 percent.

But following a planned capital increase of three billion baht to support expansion, ROE would fall to about 12 percent next year due to dilution effects.

Mr Chutidej said the capital increase would cut the firm's debt levels to two times equity from around six now.

The capital increase, to be completed this month, will increase registered capital to 2.58 billion baht from 1.05 billion through the issue of ...

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