Message from Chairman


In the year 2016, the company group underwent significant changes including the establishment of two subsidiaries SWP Services Company Limited and Srisawad Power 2014 Company Limited. Subsidiary companies in the groups also established their own subsidiaries. There were also efforts to restructure the companies within the group to allow for more effective management of the internal work streams.

The new subsidiaries were formed for the purpose of expanding the group’s business channels. SWP Services Company Limited provides comprehensive advisory services in the field of credit portfolio management, and has begun providing services in Myanmar. On the other hand, Srisawad Power 2014 Company Limited focuses on providing debt collection services to automobile leasing companies.

In addition, the company group invested in purchasing the public shares of Bangkok First Investment & Trust Public Company Limited whereby the Bank of Thailand granted permission for the company group to hold up to 100% of the shares of BFIT. Once this acquisition is approved by the extraordinary general meeting of the shareholders, which will be held on 8 March 2017, the company group will go through further restructuring by year end 2017.

As for the core business of the company Group, SAWAD was able to increase the portfolio size by 54% from year 2015, and increase the number of branches by 203 branches by year end 2016, totaling 2,130 branches in operation in all major municipalities throughout all provinces in the country. At the same time, the Company has slowed down on providing personal loans while ramping up the nano finance product. All these factors enabled the Company to increase the net profit from 1.33606 billion Baht in 2015 to 2,008.69 billion Baht in 2016, a growth rate of 50% from year to year.

In 2017, although the company group will be going through major changes in the restructuring effort, it will continue to focus on sustaining the profit growth as it has in the past. The aim is to grow the business by another 30%, through branch expansion, diligent credit assessment, risk management, and expanding the various lines of business such as debt collection services. The company group will also continue to identify additional business partners, as well as opportunities to acquire low performing loans from other financial institutions. These initiatives will require significant amount of capital. Nonetheless, careful consideration will be paid to evaluate the profitability of the ventures.

With the skills of the Company’s employees and management team from their deep experience in the business, the Company aims to produce attractive returns for all the stakeholders including shareholders, business partners, and customers. At the same time, human capital development will continue to be a key part in our path to success.

On behalf of the Board of Directors, I would like to express our gratitude to all customers, business partners, investors, and shareholders for the support that the Company has received. I would also like to thank all of our personnel and management team for the dedication to the company group, enabling us to grow and succeed at the rate that we have thus far.

Mr. Sukhont Kanjanahuttakij