Hire-purchase firm Highway Co Ltd targets 50 per cent growth in new loans this year or Bt15 billion from Bt10 billion last year, the company’s managing director Supachai Boonsiri said recently.
Thanachart adds features to second-class auto policies
THURSDAY, JUNE 09, 2016
THE ECONOMIC slowdown has spurred demand for second-class-plus motor insurance rather than for first-class coverage, as more people want to save costs, according to Thanachart Insurance, one of the country’s major auto insurers.
TWO HIRE-PURCHASE and microfinance operators enjoyed a nice increase in earnings in the first quarter of this year thanks to aggressive branch expansion to enhance lending.
THANACHART Bank plans to resume its focus on used-car loans by embracing a new risk-based pricing system to control the quality of debt, as it believes that its outstanding auto loans will stabilise this year after shrinking over the past two years.