Sep
21
Loans of $430 at 23% Spur Record Profit for Thailand’s Muangthai
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The company plans to almost double its branch network
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Shares have fallen this year after surging 75% in 2015
Small loans are adding up to a record profit for Thailand’s Muangthai Leasing Pcl.
The nation’s second-biggest consumer lender by market value expects unprecedented net income over the next two years, driven by a near-doubling of branches to 2,200 by the end of 2017 and forecast annual credit growth of at least 60 percent, according to Chief Executive Officer Chuchat Petaumpai…
Loans of $430 at 23% Spur Record Profit for Thailand’s Muangthai
