PTG Energy Public Company Limited, or PTG, is pressing ahead with expanding its partnership with Phaisan Capital Company Limited to grow its truck and commercial vehicle lending business. Rangsan Puangprang, PTG's Chief Financial and Sustainability Officer, said that since the partnership began, loan volumes have risen by about 25–30%, and PTG wants to bring truck operators' funding needs into the formal credit system to reduce their reliance on informal loans. PTG currently holds about 33% of Phaisan Capital and expects that stake to fall to roughly 25% if the company lists on the stock exchange as planned. Sukrit Rianpinyawat, Chief Executive Officer of Phaisan Capital, said the company plans to file its securities offering registration statement, or filing, in early next year and expects to list within the year. It currently has a non-performing loan ratio of about 3–4% and operates roughly nine service locations covering the eastern, central, western and southern regions, with plans to expand nationwide. It focuses on truck loans as its core business and is extending into related businesses across the entire supply chain, from upstream to downstream, including truck bed and body fabrication, maintenance and other services.
PTG Energy PCLPTG is expanding its truck and commercial vehicle lending partnership with Phaisan Capital, with loan volumes already up 25-30%.
Phaisan Capital plans to file its securities offering registration statement early next year and list within the year.
