After progress on OCPB capping interest rates for motorcycle and car hire-purchase causing concern about impact on leasing operators across the market, “Piyasak Ukritnukun” Managing Director, Ngern Tid Lor PCL or TIDLOR, expresses confidence and no concern about the situation occurring. Currently, business loan portfolio growth mainly comes from vehicle title loan group. Additionally, the majority of the company's hire-purchase portfolio is truck hire-purchase, which does not fall under OCPB control criteria.
For loan volume, it proceeds to grow continuously according to set plans, especially expansion in Tidlor Card loan group for both motorcycles and cars which received very good response from the market with products satisfying customers by adding convenience, able to withdraw remaining balance 24 hours 7 days via over 50,000 ATMs nationwide. As for insurance premiums, growth is equally outstanding, highlighted by car insurance with cash installment payments up to 10 months, whatever premium can really be divided by 10, no conditions, equal payments every installment, no credit card needed, immediate coverage upon first installment payment. In June, the company just officially launched the sub-brand logo “Prakantidloh,” comprehensive insurance broker, reinforcing No. 2 position of insurance broker focusing on retail customers..... Shareholders can rest assured that the company's overall performance this year will still grow according to set targets.