TCG expands credit guarantees by 70 billion baht, boosting non-banks with MTC in focus

Kaohoon··TH·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

TCG is preparing to expand its credit guarantee base to Micro SMEs, Nano SMEs, and freelancers through partnerships with non-bank groups and virtual banks, targeting a guarantee volume of 70 billion baht, which will generate a multiplier effect of up to 4 times, equivalent to injecting more than 280 billion baht into the economy. Currently, TCG supports loans covering only 50% of its existing potential, and is in discussions with 17 qualifying non-bank providers out of 37 to set loan limits of 20,000-30,000 baht per borrower, with a conclusion expected in October 2026. Analysts at KGI said the policy will benefit the non-bank sector, especially MTC, which currently has nano-finance loans accounting for about 5% of its total loans, while SAWAD, TIDLOR, KTC, and AEONTS do not yet have loans in this segment. If the credit guarantee project expands, it will help support stronger loan growth for the non-bank sector.

Impact on assets 6

Financials▲ · 6 stocks
Muangthai Capital Public Company Limited
MTC
▲ PositiveDemandrelevance

KGI says the TCG guarantee expansion will especially benefit MTC, whose nano-finance loans are about 5% of total loans, supporting stronger loan growth.

Krungthai Card PCL
KTC
± MixedDemandrelevance

KTC is listed among non-banks without nano-finance loans, so the TCG credit guarantee expansion does not directly boost its loan growth.

Srisawad Power 1979 PCL
SAWAD
± MixedDemandrelevance

SAWAD is noted as not yet having loans in the nano-finance segment, so it is not a direct beneficiary of the guarantee expansion.

Off-coverage companies 1

Thai Credit Guarantee CorporationPrivate± Mixed
relevance

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