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Loans of $430 at 23% Spur Record Profit for Thailand's Muangthai | Tony Seruga
Sep
21

Loans of $430 at 23% Spur Record Profit for Thailand’s Muangthai

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  • The company plans to almost double its branch network
  • Shares have fallen this year after surging 75% in 2015

Small loans are adding up to a record profit for Thailand’s Muangthai Leasing Pcl.

The nation’s second-biggest consumer lender by market value expects unprecedented net income over the next two years, driven by a near-doubling of branches to 2,200 by the end of 2017 and forecast annual credit growth of at least 60 percent, according to Chief Executive Officer Chuchat Petaumpai…

Loans of $430 at 23% Spur Record Profit for Thailand’s Muangthai

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