Ratchathani Leasing Public Company Limited, or THANI, has announced a second-half plan focused on penetrating the new truck loan market to help return its total loan portfolio to positive growth. The company is confident that new loan disbursements will meet the target of 17 billion baht after expanding its used truck loan base to 34 percent of the portfolio. Mr. Kovit Rungwattanasophon, Executive Chairman and Managing Director, said at an Opportunity Day event that the company is beginning to see positive signals from major customers who are bringing electric trucks in for trial use, and expects the electric truck market to become clearer next year. The board is reviewing the high level of excess reserves. If they can be reduced, it will open the opportunity to pay higher dividends from the current level of no less than 50 percent of net profit. The company has arranged credit facilities to support more than 9 billion baht of debentures maturing from the second quarter of this year to the second quarter of next year, and expects financial costs to decline significantly next year due to the downward interest rate trend. First-half results showed net profit of 700 million baht, an increase of 168 million baht from the previous year, while expected credit losses fell to 193 million baht. The non-performing loan ratio stood at 2.35 percent, credit cost was 0.69 percent, and the allowance for doubtful accounts to non-performing loans ratio was 143 percent.
Ratchthani Leasing Public Company LimitedExpanding into new truck loans and seeing positive signals from electric truck trials supports loan growth target.
