Economic momentum and consumer confidence will be key factors to support the company's loan expansion, said managing director Pairote Cheunkrut.
Domestic motorcycle sales are forecast to reach 1.85 million this year, down 7% from 1.99 million last year.
The country's macroenvironment is gaining ground after the coup eliminated the political uncertainty that had clouded
For the first five months,
However, its new loans extended for big-bike purchases surged 26% from the end of last year.
The company forecasts that sales and loan growth for big bikes will expand at the same rate of 20% this year.
It has increased its staff to allow potential customers, particularly those upcountry, to tap funding sources more easily.
The provincial market offers high potential. Rice farmers are the company's key customers and their loan demand has improved since they received payment for their paddy pledged under the rice scheme.
The company has recruited more debt collectors to prevent its bad loans from rising.
It projects that its outstanding motorcycle loans will rise in value by 20% to
The company charges a minimum rate of 4% a year for borrowers buying big bikes, 1.59% a month for standard motorcycles and 2.65% a year for new cars.
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