BANGKOK: Thailand's Tisco Financial Group PCL will have flat to modest loan growth this year of zero to 5 percent and non-performing loans have peaked, Suthas Ruangmanamongkol, the company's president, said on Monday.
Hire purchase loan growth will stay flat this year, he told a news conference. Hire purchase or auto loans account for 70 percent of Tisco's total portfolio.
Non-performing loans rose to 3.23 percent last year, according to filings to the Stock Exchange of Thailand.
Comments
Comments are closed.