Message from Chairman


During 2015, from economic statistics seen that the growth rate is not in wide range. So the demand for financing in private sector and households remain high. The government had launched Nano finance scheme for small entrepreneurs , by permitting non financial institutions applied for Nano finance licenses. Nano finance scheme is unsecured loan to retails using for their business which not over Baht 100,000 each, this scheme made more alternative sources of funding to retails. An the Company had permitted and already received Nano finance license.

For the year 2015, the Company’s lending growth up to 47% from the year 2014. As of the end of 2015, the Company’s branch network was expanded to include 528 branches, making the total of 1,627 branches located in communities around Bangkok and up-country in all region of Thailand. However, the Company has continued to maintain its cautious lending policies, the Company has to freeze the new motorcycle loans which more risky. Nevertheless, the Company earned more profits from Baht 854.69 million at the end of 2014 to Baht 1,336,06 million at the end of 2015 or growth 56%.

For the year 2016, the Company has continued to be committed to enhancement of operating profit growth and targeting to growth up to 30% from 2015. The strategy is to expand branch networks to cover extensive communities, cautious lending policies, and effective risk management amid the changing environment, e.g., drought that will caused less productivity, higher price of consumer goods, the higher price of new cars which will boost the second handed cars or the interest rate. Moreover, to expanse debt collection service business by seeking business partners, for purchase distressed asset business, need a lot of funding, however the Company will concern with profitability, liquidity, and expenses. And to seek business partners both domestically and internationally which will be in AEC.

The Company will strengthen the business, with highly motivated and experienced personnel, management, and employees, to drive the Company’s sustainable growth, maximizing customers’ satisfactory based on the Company’s rules and regulations. The Company will provide utmost benefit to shareholders, partners, counterparty, customers, in addition, emphasize the value resources which are employees, so the Company has personnel developing plan continuously.

The Board of Directors would like to take this opportunity to express our deep gratitude towards customers, business partners, investors and shareholders for their support. Our deep gratitude is also offered to all management and employees for their dedication and devotion to the Company’s growth going forward.

Mr. Sukhont Kanjanahuttakij