Thailand's Tisco expects modest loan growth this year

18 Jan, 2016


BANGKOK: Thailand's Tisco Financial Group PCL will have flat to modest loan growth this year of zero to 5 percent and non-performing loans have peaked, Suthas Ruangmanamongkol, the company's president, said on Monday.

Hire purchase loan growth will stay flat this year, he told a news conference. Hire purchase or auto loans account for 70 percent of Tisco's total portfolio.

Non-performing loans rose to 3.23 percent last year, according to filings to the Stock Exchange of Thailand.

Copyright Reuters, 2016

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