Ngern Tid Lor PCL aggressively expands branches continuously in leading gas stations, department stores, and community malls. Planning to open another 80 locations from the expansion plan of 300 locations in all areas this year, increasing service potential and reaching customers in various areas more comprehensively. Ready to provide loan and insurance brokerage services every day without holidays. For branches in gas stations, from 09.00 – 18.00 hrs. and branches in malls and community malls from 10.30 – 20.00 hrs. Answering modern lifestyles demanding convenience.
Ngern Tid Lor Public Company Limited or TIDLOR by Mr. Supachoke Akkrakulayot, Senior Vice President - Branch Sales Management and Channel Management, Branch Sales Development and Management Department, revealed that in 2022 the company plans to expand 300 branches in various areas nationwide from a total of 1,286 branches at the end of last year to increase service potential and reach customers in various areas more comprehensively. One strategy used is continuous branch expansion inside leading gas stations, department stores, and community malls, planning to open a total of 80 new branches in such areas, emphasizing potential locations in Bangkok and provinces, while bringing in technology to analyze locations accurately and efficiently.
Currently, the company has 28 branches open inside various leading gas stations including PTT Station, Bangchak, PT, Caltex, and IRPC, open every day (Mon - Sun) from 09.00 – 18.00 hrs. In 2022, plans to expand branches inside various leading gas stations in Bangkok and provinces by another 40 locations such as Samut Prakan, Samut Songkhram, Kanchanaburi, Chonburi, Chaiyaphum, Songkhla, Chiang Rai, etc. Of these, 75% will be in PTT Stations and 25% in Bangchak, PT, and Caltex stations. Additionally, the company collaborated with Max Solution Service Co., Ltd. (PTG affiliate), a leader in comprehensive energy business, offering special privileges to PT Max Card members applying for vehicle title loans from Ngern Tid Lor via Max Rewards application or PT Max Card website. Members receive 100 points for every 10,000 baht loan amount in each separate contract (maximum 10,000 points per 1 loan contract) from Apr 1 to Jun 30, 22.
At the same time, the company currently has a total of 69 branches open inside department stores and community malls such as Lotus's, Big C, The Mall, Robinson, CJ More, etc., open every day (Mon - Sun) from 10.30 - 20.00 hrs. In 2022, plans to expand branches inside department stores and community malls by another 40 branches. Of these, 50% will be in Lotus's areas, over 10% in Big C, and over 30% in other department stores and community malls.
“We view that expanding branches in leading gas stations, department stores, and community malls will increase service potential and access to customers in various areas more comprehensively for both car title loans and insurance brokerage services just like normal branches. And being open every day without holidays answers current lifestyles demanding convenience, traveling to one place to conduct financial transactions and use other shop services diversely, facilitating customer groups to receive standardized, fair, and transparent financial services from Ngern Tid Lor more conveniently,” Mr. Supachoke said.