Post by account_disabled on Dec 24, 2023 6:15:44 GMT
SINGER clearly emphasizes that car loans for making money (C4C) are growing strongly, currently at approximately 2,700 million baht, expanding by more than 80% from the end of last year, reflecting a successful market expansion plan, a sales team and a strong capital base. With an average annual interest rate of 16%, it is a competitive number in the market. and is confident that by the end of the year the car portfolio will make more than 3,000 million baht, supporting interest rates to grow higher than before and NPL at the end of this year is expected to be lower than the current 5.1%. In 2021, we are ready to expand the portfolio to soar. Supporting more outstanding profits, Mr. Kittipong Kanokvilairat, President of Singer Thailand Public Company Limited or SINGER.
Revealed that the overall picture of the loan business with vehicle registration as collateral, "money-making vehicles" (C4C), has grown rapidly this year. Outstanding: Currently, as of the Telegram Number Data third quarter of 2020, there is a money-making car loan portfolio of approximately 2,700 million baht, growing from 1,500 million baht at the end of 2019 and approximately 500 million baht at the end of 2018, reflecting the performance of 3 years with a growth rate that Outstanding, stable, and accounting for approximately 50% of the total loan portfolio currently at 5,475 million baht for SINGER's money-making car loan customer group, focusing on business vehicles. which is a group of ten-wheeled trucks for use in business, including four-wheeled vehicles and up With an average annual interest rate of 16%, it is ready to expand in 2021 after receiving approval from the Extraordinary General Meeting.
EGM in the resolution approving the issuance and offering of additional bonds in an amount not exceeding 3,000 million baht. Expanding the portfolio next year to grow significantly and support profits to be more prominent "Overall profit of SINGER in the first 9 months of this year has a net profit of 319 million baht, an increase of 157.3%, with total income of 2,591 million baht, an increase of 37.2% compared to the same period last year. An important factor comes from interest income from car loans to make money (C4C) that has clearly grown. From our strong sales team A growing port There is a good profit margin. and setting reserves at a low level Because money-making car loans have a very low NPL of only 0.5%," Mr. Kittipong concluded.
Revealed that the overall picture of the loan business with vehicle registration as collateral, "money-making vehicles" (C4C), has grown rapidly this year. Outstanding: Currently, as of the Telegram Number Data third quarter of 2020, there is a money-making car loan portfolio of approximately 2,700 million baht, growing from 1,500 million baht at the end of 2019 and approximately 500 million baht at the end of 2018, reflecting the performance of 3 years with a growth rate that Outstanding, stable, and accounting for approximately 50% of the total loan portfolio currently at 5,475 million baht for SINGER's money-making car loan customer group, focusing on business vehicles. which is a group of ten-wheeled trucks for use in business, including four-wheeled vehicles and up With an average annual interest rate of 16%, it is ready to expand in 2021 after receiving approval from the Extraordinary General Meeting.
EGM in the resolution approving the issuance and offering of additional bonds in an amount not exceeding 3,000 million baht. Expanding the portfolio next year to grow significantly and support profits to be more prominent "Overall profit of SINGER in the first 9 months of this year has a net profit of 319 million baht, an increase of 157.3%, with total income of 2,591 million baht, an increase of 37.2% compared to the same period last year. An important factor comes from interest income from car loans to make money (C4C) that has clearly grown. From our strong sales team A growing port There is a good profit margin. and setting reserves at a low level Because money-making car loans have a very low NPL of only 0.5%," Mr. Kittipong concluded.